The number of commercial aircraft orders at the Farnborough International Airshow were relatively modest as the event drew to a close on Friday, compared with a rush of post-pandemic deals at the Paris Airshow last year.
Airbus overtook its arch-rival Boeing with a last-minute order from Saudi Arabian discount carrier Flynas on Thursday, which boosted the European aircraft manufacturer's total to 164 aircraft orders and commitments – pulling ahead of its US competitor who took 96 orders and commitments plus 22 options.
However, Airbus' order tally is significantly below the 846 orders it scored during the Paris Air Show in 2023, when major deals from Indian carriers swelled its total.
Boeing's order tally of 96 aircraft at Farnborough falls short of the 356 orders it won at the Paris Airshow in 2023.
Deals for wide-body jets dominated the airshow this year.
"Widebody orders were strong at Farnborough, tallying a total of 41 firm orders ($5.8 billion value) versus 18 a year ago at the Paris Airshow 2023 ($2.7 billion value) as manufacturers look to boost build rates and improve profits and margins," George Ferguson, senior aerospace analyst at Bloomberg Intelligence, said.
"Narrowbody orders placed at Farnborough struggled ... as Boeing and Airbus weren’t likely to make deals for jets which have plenty of backlog and the largest supply chain headaches."
Overall, Farnborough drew to a close with £81.5 billion ($104.9 billion) worth of deals agreed at the expo and 260 firm commercial aircraft orders, the event organisers said in a statement on Friday.
The Farnborough International Airshow 2024 - in pictures
Global airline chiefs expressed frustration at ongoing jet delivery delays during Farnborough in the UK this week, with some projecting that the shortage of Boeing and Airbus aircraft will continue for at least two years, as supply chain snarls show no signs of easing.
Air India's chief executive Campbell Wilson pointed to problems at aircraft seat-making companies as one of the reasons behind a slower pace of jet deliveries, on top of the challenges faced by engine-makers, Airbus and Boeing.
"The things that can trip you up are maybe not the obvious ones. We all know about airframers and the challenges they face. We all know about some of the engine manufacturers and the challenges they face. But seat suppliers are another bottleneck, and in our case that's probably the principal bottleneck," he said, as the airline is in the middle of refurbishing its widebody fleet.
"Is it frustrating? Of course. Would we love to get more aircraft more quickly? Of course. Conversely, is it a bad thing? We are all on the same boat, we're all suffering. If one party was particularly advantaged and another party was particularly disadvantaged, I think it would be worse. At least we're in equal misery."
Turkish low-cost airline Pegasus' chief executive Guliz Ozturk said it is essential that plane makers provide airlines with "predictability" in the delivery schedule so they can better plan their route networks for the next year or two.
"It needs a closer collaboration, a closer information exchange so that we know what to expect," she said.
Boeing’s new head of commercial aircraft Stephanie Pope told a media briefing on Sunday that 737 Max production was improving and the company was undergoing "transformational change" in its safety and quality culture.
Emirates airline's boss Tim Clark said he was at Farnborough to talk to suppliers.
"I am a bit fed up," he said, noting he expects the first of the company's 205 Boeing 777X aircraft to enter service by 2026, extending delays on the programme that was supposed to debut about five years ago.
Air taxis in strong showing
In other corners of the airshow, there was a lot of focus on electronic vertical take-off and landing (eVTOL) aircraft as a number of air taxi makers, including Embraer’s Eve, Joby and Boeing-backed Wisk, showed off their prototypes, while a few announced deals and new developments.
The Spanish eVTOL company Crisalion announced a pre-order deal with Dubai's Air Chateau for 10 of its 16-rota Integrity aircraft.
“The Middle East is a critical market for us, we have a strong presence there – lots of mobility things are happening there,” Oscar Lara, chief operating officer at Crisalion, said.
German aircraft maker Lilium had come to Farnborough directly off the back of striking a deal with the Saudi airline Saudia for 100 of its fanjet-powered eVTOLs. Lilium also has a deal with ArcosJet in Dubai.
“We have deals in the US, we have deals in China and in terms of customer profile, we have large-scale carrier like Azul in Brazil and we have highest class customers like Volare, which only transports ultra-high-net-worth individuals,” Klaus Roewe, chief executive of Lilium, said.
Meanwhile, UK eVTOL maker Vertical Aerospace said on Friday that its VX4 prototype successfully performed its first tethered piloted flight as it begins the “wheels up” phase of testing.
Sustainability debates
Sustainability was a major theme at this year’s Farnborough International Airshow, with several panel discussions on how the aviation sector can reach net-zero targets, given that much of the industry is often described as "hard-to-abate".
Several chief sustainability officers in the aerospace and defence industry said while carbon reduction strategies on the part of aircraft makers and airlines was very necessary, investment and development of carbon removal processes and technologies were essential.
“Aviation cannot reach net zero without carbon removals,” said Carrie Harris, director of sustainability at British Airways.
Professor Myles Allen at Oxford University agreed, adding that “anyone who is planning to continue to use fossil fuels beyond mid-century needs to have a plan for carbon removals”.
Zayed Sustainability Prize
FA CUP FINAL
Manchester City 6
(D Silva 26', Sterling 38', 81', 87', De Bruyne 61', Jesus 68')
Watford 0
Man of the match: Bernardo Silva (Manchester City)
Killing of Qassem Suleimani
RECORD%20BREAKER
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The five pillars of Islam
1. Fasting
2. Prayer
3. Hajj
4. Shahada
5. Zakat
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At a glance
Global events: Much of the UK’s economic woes were blamed on “increased global uncertainty”, which can be interpreted as the economic impact of the Ukraine war and the uncertainty over Donald Trump’s tariffs.
Growth forecasts: Cut for 2025 from 2 per cent to 1 per cent. The OBR watchdog also estimated inflation will average 3.2 per cent this year
Welfare: Universal credit health element cut by 50 per cent and frozen for new claimants, building on cuts to the disability and incapacity bill set out earlier this month
Spending cuts: Overall day-to day-spending across government cut by £6.1bn in 2029-30
Tax evasion: Steps to crack down on tax evasion to raise “£6.5bn per year” for the public purse
Defence: New high-tech weaponry, upgrading HM Naval Base in Portsmouth
Housing: Housebuilding to reach its highest in 40 years, with planning reforms helping generate an extra £3.4bn for public finances
UPI facts
More than 2.2 million Indian tourists arrived in UAE in 2023
More than 3.5 million Indians reside in UAE
Indian tourists can make purchases in UAE using rupee accounts in India through QR-code-based UPI real-time payment systems
Indian residents in UAE can use their non-resident NRO and NRE accounts held in Indian banks linked to a UAE mobile number for UPI transactions
The specs: Macan Turbo
Engine: Dual synchronous electric motors
Power: 639hp
Torque: 1,130Nm
Transmission: Single-speed automatic
Touring range: 591km
Price: From Dh412,500
On sale: Deliveries start in October
The years Ramadan fell in May
Game Changer
Director: Shankar
Stars: Ram Charan, Kiara Advani, Anjali, S J Suryah, Jayaram
Rating: 2/5
Sunday's Super Four matches
Dubai, 3.30pm
India v Pakistan
Abu Dhabi, 3.30pm
Bangladesh v Afghanistan
Read more from Johann Chacko
The specs
Engine: 1.5-litre turbo
Power: 181hp
Torque: 230Nm
Transmission: 6-speed automatic
Starting price: Dh79,000
On sale: Now
The National in Davos
We are bringing you the inside story from the World Economic Forum's Annual Meeting in Davos, a gathering of hundreds of world leaders, top executives and billionaires.
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Tuesday's fixtures
Kyrgyzstan v Qatar, 5.45pm
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The five pillars of Islam
Tips for job-seekers
- Do not submit your application through the Easy Apply button on LinkedIn. Employers receive between 600 and 800 replies for each job advert on the platform. If you are the right fit for a job, connect to a relevant person in the company on LinkedIn and send them a direct message.
- Make sure you are an exact fit for the job advertised. If you are an HR manager with five years’ experience in retail and the job requires a similar candidate with five years’ experience in consumer, you should apply. But if you have no experience in HR, do not apply for the job.
David Mackenzie, founder of recruitment agency Mackenzie Jones Middle East
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Killing of Qassem Suleimani
Mohammed bin Zayed Majlis
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The years Ramadan fell in May
How much of your income do you need to save?
The more you save, the sooner you can retire. Tuan Phan, a board member of SimplyFI.com, says if you save just 5 per cent of your salary, you can expect to work for another 66 years before you are able to retire without too large a drop in income.
In other words, you will not save enough to retire comfortably. If you save 15 per cent, you can forward to another 43 working years. Up that to 40 per cent of your income, and your remaining working life drops to just 22 years. (see table)
Obviously, this is only a rough guide. How much you save will depend on variables, not least your salary and how much you already have in your pension pot. But it shows what you need to do to achieve financial independence.
Poacher
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The Sand Castle
Director: Matty Brown
Stars: Nadine Labaki, Ziad Bakri, Zain Al Rafeea, Riman Al Rafeea
Rating: 2.5/5
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Skewed figures
In the village of Mevagissey in southwest England the housing stock has doubled in the last century while the number of residents is half the historic high. The village's Neighbourhood Development Plan states that 26% of homes are holiday retreats. Prices are high, averaging around £300,000, £50,000 more than the Cornish average of £250,000. The local average wage is £15,458.
The burning issue
The internal combustion engine is facing a watershed moment – major manufacturer Volvo is to stop producing petroleum-powered vehicles by 2021 and countries in Europe, including the UK, have vowed to ban their sale before 2040. The National takes a look at the story of one of the most successful technologies of the last 100 years and how it has impacted life in the UAE.
Read part four: an affection for classic cars lives on
Read part three: the age of the electric vehicle begins
Read part one: how cars came to the UAE
More on Quran memorisation:
Guns N’ Roses’s last gig before Abu Dhabi was in Hong Kong on November 21. We were there – and here’s what they played, and in what order. You were warned.
- It’s So Easy
- Mr Brownstone
- Chinese Democracy
- Welcome to the Jungle
- Double Talkin’ Jive
- Better
- Estranged
- Live and Let Die (Wings cover)
- Slither (Velvet Revolver cover)
- Rocket Queen
- You Could Be Mine
- Shadow of Your Love
- Attitude (Misfits cover)
- Civil War
- Coma
- Love Theme from The Godfather (movie cover)
- Sweet Child O’ Mine
- Wichita Lineman (Jimmy Webb cover)
- Wish You Were Here (instrumental Pink Floyd cover)
- November Rain
- Black Hole Sun (Soundgarden cover)
- Knockin’ on Heaven’s Door (Bob Dylan cover)
- Nightrain
Encore:
- Patience
- Don’t Cry
- The Seeker (The Who cover)
- Paradise City
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