Airbus SAS was the apparent topearner for new business during the 2016 Farnborough International Airshow drawing 279 new orders and commitments for commercial jets

Airbus SAS was the apparent top-earner for new business during the 2016 Farnborough International Airshow, drawing 279 new orders and commitments for commercial jets.

Billions and Billions in New Orders for Aerospace Industry

Farnborough International Airshow offers stage for lucrative week of new orders, commitments, service programs Airbus estimates $35 billion Boeing projects $26.8 billion GE Aviation draws +$25 billion

The world’s major jet builders and Tier One suppliers have concluded what is anticipated to be the most important week for business this year, the biannual Farnborough International Airshow in Hampshire, England. The weeklong event is one of the aerospace industry’s major trade expos (it is staged in even-numbered years, alternating with the Paris Air Show in odd-numbered years), and typically features four days of new technology demonstrations and announcement for major orders.

The biggest winner of the week appears to have been Airbus SAS, which reported it drew 279 new orders and commitments for commercial jets, business it estimated at $35 billion at current list prices. That total includes firm orders for 197 aircraft, estimated to be worth $26.3 billion; and commitments for 82 aircraft worth $8.7 billion

Airbus noted the narrow-body A320 series of aircraft were its most popular offering, involving orders and commitments for 269 aircraft worth $31.3 billion. The OEM said the A321neo model drew the most interest, with three airlines committing to 140 aircraft. The 10 wide-body aircraft ordered from Airbus (two A330-300s, eight A350-1000s) are worth $3.4 billion.

Rival Boeing Co. reported new orders and commitments for 182 aircraft, estimating those to be worth  $26.8 billion at current list prices. The largest deal for Boeing was a commitment from China’s Donghai Airlines worth $4.1 billion, involving 25 737 MAX jets and fie 787 Dreamliners. It’s largest new jet order is one from TUI Group (a European charter tour organizer) worth 1.4 billion, involving 10 737 MAX jets and one 787 Dreamliner.

The new deals included a $1.4 billion order from TUI Group plus commitments from airlines including Xiamen Airlines and Donghai Airlines.

Among the major suppliers of jet engines, GE Aviation reported new business totaling more than $25 billion during the Farnborough week (estimated income that includes GE Aviation’s 50% share in the CFM International venture, which supplies the LEAP turbofan engines. The total covers orders and commitments for more than 800 engines, as well as extended maintenance services.

For its part, CFM International reported orders and commitments for 565 new engines (LEAP series and CFM56 products), as well as service agreements, the total which it valued of $8.2 billion.

Jet-engine builder Pratt & Whitney announced it has a new deal for PW1100G-JM and V2500 engines to power up to 32 A320 family aircraft, for an unnamed leasing company. The PW1100G-JM engine is a Pratt & Whitney engine. The V2500 engine is offered by IAE International Aero Engines AG, a consortium of Pratt & Whitney, Pratt & Whitney Aero Engines International GmbH, Japanese Aero Engines Corp., and MTU Aero Engines GmbH.

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