Photographer: Simon Dawson/Bloomberg

Farnborough Air Show Orders Reveal Jetliner Demand in Decline

  • Airbus, Boeing deals have half the value of 2015 Paris event
  • European company is clear winner with 70% of total sales

A lack of new models and concerns about the global economy limited plane purchases at this year’s Farnborough Air Show, where Airbus Group SE and Boeing Co. announced orders and commitments for jets worth $50 billion at list prices -- half the value they secured at last year’s Paris expo.

As Wednesday, usually the last day for major sales, drew to a close, the pair had won deals for 412 jets, compared with a final tally of 752 in Paris. Airbus was the clear winner after bagging orders for 285 aircraft worth $35 billion. The companies found buyers for only 20 wide-body planes between them.

Of the 127 aircraft sold by Boeing, 116 will go to Chinese customers:

BOEING ORDERS (in sequence announced)

Xiamen Airlines30737 Max$3.39B
Donghai Airlines30737 Max (25), 787-9 (5)$4.07B
Standard Chartered10737 NG$960M
TUI11737 Max  (10), 787-9 (1)$1.37B
Kunming Airlines10737 Max $902M
Unidentified Chinese buyer30737 Max and NG$3B+
Ruili Airlines6787-9$1.68B
TOTAL127$15.4B

* Excludes previously recorded sales now disclosed as being to Air Europa and Egyptair, together with agreement of final terms on Volga-Dnepr purchase.

Airbus relied on discount carriers from southern Asia for the bulk of its deals, aided by Synergy, the holding company for South American brand Avianca:

AIRBUS ORDERS

Virgin Atlantic8A350-1000$2.85B
Jetstar Pacific10A320$980M
AirLease4A350-900 (3), A321 (1)$1.04B
Germania25A320 Neo$2.68B
GoAir72A320 Neo$7.73B
Wow4A321$469M
AirAsia100A321 Neo$12.6B
Synergy Aerospace62A320 Neo$6.65B
TOTAL285$35B
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