Brexit blueprint will guarantee aviation jobs, says May

  • Brexit blueprint will guarantee aviation jobs, says May

Brexit blueprint will guarantee aviation jobs, says May

Airbus's U.S. rival Boeing also announced a series of impressive deals including 14 777s to DHL for $4.7 billion, 30 737 MAX for Jackson Square Aviation for $3.5 billion.

European jetmaker Airbus and USA rival Boeing have been enjoying an nearly decade-long boom thanks to rising emerging markets growth and a need among Western airlines to upgrade their fleets, and order books are bulging.

One big thing: A trade war.

The US$23 billion AirAsia deal would give a boost to Airbus' slow-selling A330neo wide-body, while adding to the order pile for the popular A320neo narrowbody family.

The A220 program received an important vote of confidence from Air Lease Corp founder Steven Udvar-Hazy, who told reporters that the A220 is "a more attractive prospect" under Airbus. Airbus says its A321neo already accounts for a large slice of that sector.

Two of the planes were eventually sold to the US government at bargain prices and are destined to become the new Air Force One fleet in 2024.

The speech will follow a tour of the Farnborough site where the PM will see examples of the latest plane models, meet with key industry figures and watch a flypast including Spitfires and Red Arrows to signal the start of the event. But, perhaps unsurprisingly, Brexit was a major them of the network's coverage.

ADS, the powerful industry body which also represents companies in Gloucestershire including the mighty Staverton-based Safran, the landing gear specialists, welcomed the statement - with a caveat.

"Everybody is coming to the show", he added, noting that industry leaders, politicians and government officials would also be attending.

Boeing executives highlighted the value of its investments in Britain after a trade row between Boeing and Canada's Bombardier threatened jobs in Northern Ireland, where Prime Minister Theresa May depends on support for her majority.

The result should be a fierce contest for sales in the 100-150-seat sector even before Boeing closes its Embraer deal. "It would be helpful to USA business if the countries we deal with feel like we have their back and they have our back - that we're partners".

The airshow, the second biggest in the world, runs to Sunday. The deal is worth $586 million at list prices and was previously listed for an unidentified customer on Boeing's website.

Previous year was the best for cargo since 2010, with traffic growth more than doubling to 9 percent, three times the growth in capacity.

Boeing Commercial Airplanes CEO, Kevin McAllister (left), and Qatar Airways CEO, Akbar Al Baker, display commemorative contracts as they announce the purchase of planes for Qatar Airways' cargo unit at the Farnborough Airshow near London, on July 16, 2018.