Transaction volume hits $51 billion on first day; A321XLR unveiled | Real Time Headlines

FARBOROUGH, United Kingdom – Organizers of one of the aviation world’s biggest events said first-day business at Farnborough reached 39.3 billion pounds ($50.8 billion) as Airbus showcased its new aircraft Channel long distance jet.

The ADS Group, which consists of Farnborough Air Show organizers and the ADS trade group, said the overall figures represented deals struck at list prices, including firm orders for 163 aircraft in the UK worth £4.6bn.

Boeing in crisisAlthough the company was thought to be keeping a low profile at the show, continuing a recent trend of avoiding passenger aircraft displays, it still occupied a large pavilion and received an early boost from several orders. Korean Air signs contract for 40 wide-body jets Japan Airlines has placed a firm order for 10 787-9 Dreamliners, with options for 10 more.

Vietnamese low-cost airline VietJet ordered 20 Airbus A330neo aircraft on Monday.

Meanwhile, Airbus attracted the attention of thousands of trade representatives earlier in the afternoon by showcasing the upcoming A321XLR, which will be the world’s longest-range single-aisle aircraft.

jet plane Obtain European certification It was eagerly awaited by airlines including Aer Lingus and Iberia on Friday as it would be able to cover long-distance routes previously only served by wide-body aircraft and would cost less on fuel.

First deliveries of the A321XLR are expected to take place in the third quarter, about a year after originally scheduled deliveries, underscoring one of the major issues that the aviation industry continues to face – ongoing delivery delays and supply chain stagnation.

A large number of new companies are involved in the power industry eVTOLS (Electric Vertical Takeoff and Landing Vehicles), hydrogen powered aircraft and other next-generation projects highlighted at the event. Boom Supersonic, which is working to restore supersonic air travel, will make an announcement on Tuesday.

COMAC, seen as a potential future rival to the likes of Airbus and Boeing, has a large but low-profile display showing small models of the C919 narrow-body airliner, C929 wide-body airliner and ARJ21 regional jet, including various cabin configurations.

The company said it was having discussions at the event but declined to say which airlines or markets it would target for its planes, which are currently only certified in China. Officials from several countries were present at the company’s booth, although the event was more low-key for COMAC than at the Singapore Air Show earlier this year. First international presentation And announced that it has obtained an aircraft order from China Tibet Airlines.

Military technology continues to be one of Farnborough’s biggest components, with aircraft including the US Air Force’s F-15E Strike Eagle, Boeing’s F-15QA and British Army’s Chinooks whizzing overhead throughout the afternoon .

Farnborough managed to attract new British Prime Minister Keir Starmer to deliver an opening speech, with attention largely focused on his comments on the importance of the joint British, Japanese and Italian fighter jet project.

Starmer’s incoming Labor government announced a review of the global combat air program established by former Prime Minister Rishi Sunak in 2023, fueling speculation that the UK could abandon the program

Deals and discussions will continue throughout the remainder of the five-day event, which ends on Friday.