Boeing starts air show with order for jets worth $4.7B

UK seeks to allay Brexit fears at Farnborough air show

Boeing has started the annual Farnborough Airshow with an order for 14 freight aircraft valued of $4.7 billion.

Featuring the widest single aisle cabin in the sky, the efficient A320neo Family incorporates the very latest technologies including new generation engines and Sharklets, which together deliver more than 15 percent fuel and Carbon dioxide savings from day one and 20 percent by 2020 as well as 50 percent noise reduction.

Boeing's latest order will double the size of DHL's global 777 fleet, the companies said.

DHL said that while in the past it's chiefly been leasing aircraft, purchasing these planes will lower its costs. The deal, if confirmed, would be worth USD$8.85 billion at A320neo list prices. Sichuan Airlines of China will purchase 10 of the widebody planes.

India's Vistara signed a Letter of Intent for 13 A320neos, worth USD$1.43 billion, and said it has also committed to an additional 37 A320neo family aircraft from lessors. The A350-900 carries a tag of $317.4 million apiece, valuing the mainland carrier's order at $3.2 billion.

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Global air freight demand grew by almost ten percent previous year with demand growth outpacing capacity growth by a factor of three.

The quintessentially English atmosphere of the Royal International Air Tattoo, where straw-hatted VIPs watch fighters thunder over picturesque Cotswolds villages, gives way on Monday to the Farnborough Airshow, where the hard-nose business deals in the US$800 billion aerospace and defence sector will be done.

He said the project would be carried out by a "ground-breaking partnership". Boeing 737 jets from the current fleet will instead be used while the airline studies passenger trends. A purchase of more of the USA company's current-generation 777s or the 787 Dreamliner remains an alternative, he said.

The two rivals are expected to make several announcements on day one of the July 16-22 event, starting even before the gates open to tens of thousands of delegates, industry sources said.

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