Air-Show Pop Fizzles as Airbus, Boeing Orders at Six-Year Low
- Orders total $50 billion less than half the level in 2015
- U.S. majors absent as Asian upstarts dominate plane deals
An Airbus SE A350 passenger aircraft lands following a flying display on the second day of the Farnborough International Airshow 2016 in Farnborough, U.K., on Tuesday, July 12, 2016. The air show, a biannual showcase for the aviation industry, runs until July 17.
Photographer: Luke MacGregor/BloombergAirbus Group SE and Boeing Co. racked up their lowest tally of aircraft orders in six years at the aviation industry’s annual showcase, as a slowing global economy and concern about the impact of Britain’s decision to quit the European Union curbed demand.
At the Farnborough Air Show this week, deals for about 400 jets were worth $50 billion, less than half the value of the contracts unveiled at last year’s marquee event in Paris. Orders were propped up by aggressive buying from Asian upstarts, while major American, European and Gulf carriers were all but absent.