£39.3bn in deals done on day 1 of Farnborough Airshow, according to ADS Group
- GBP39.3bn (USD51bn) of deals on Day One at Farnborough International Airshow
- This includes 163 Firm Aircraft orders worth GBP4.6bn to the UK.
- GBP39.3bn figure also includes 28 firm engine orders and further 114 optional aircraft and engine commitments made and likely some service agreement commitments too.
Farnborough International Airshow (22 July 2024) –
Deals worth GBP39.3bn (USD51bn) were announced during day one of the Farnborough International Airshow, taking place this week in Hampshire.
These include 163 Firm aircraft orders that are worth GBP4.6bn to the UK.
The figures are shared by ADS Group, which encompasses trade association ADS and event organisers Farnborough International.
The apex of aviation for the entire aerospace industrial cycle
The GBP39.3bn announced during day one of the five-day biennial event also includes 28 firm engine orders.
The day one deal total further highlights 114 optional aircraft and engine commitments made, with further service agreements included, too.
Kevin Craven, CEO at ADS and Chair of Farnborough International said:
“The significance and convening power of Farnborough International Airshow makes today’s announcements both unsurprising, and very welcome. Our aerospace industry remains buoyant and resilient in spite of challenges in regulatory frameworks, the supply chain and the workforce.
“The UK is home to innovative, ambitious, and world-renowned advanced manufacturing businesses both large and small, and we are rightly celebrating their impact at the home of British Aviation.
“Our aerospace sector delivers £10.9 billion in value to the UK economy, and in 2023, UK aerospace exports totalled £20bn. It is our partnership with our international counterparts that truly makes the UK home to an open, ambitious and innovative industry.”
