Day 1 At FIA 2018: From Billion-Dollar Deals To Product Unveilings

  The Farnborough International Airshow is always full of surprises. FIA 2018 is no exception. At least that’s what Day 1 tells us. Unprecedented Service In The Offing Qatar Executive unveiled its brand new executive jet on the opening day of the trade show. The jet, named Gulfstream G500, will be one be of the…

airshow 2018 highlights

 

The Farnborough International Airshow is always full of surprises. FIA 2018 is no exception. At least that’s what Day 1 tells us.

Unprecedented Service In The Offing

Qatar Executive unveiled its brand new executive jet on the opening day of the trade show. The jet, named Gulfstream G500, will be one be of the fastest and advanced in the Qatar Executive fleet. It will enter the service later this year. This will mark the beginning of an iconic agreement. The initiation of the said agreement between Qatar Airways and Gulfstream Aerospace Corp. began in October 2014.  Did you know that next-generation Pratt & Whitney Canada PW800 engines power the G500? Also, with its advanced features, the G500 will introduce the clients to a new level of service.

Curtain Raiser Of A Fighter Jet

The Farnborough International Airshow 2018 is the show of many firsts. Day 1 saw the unveiling of a concept of the next-generation fighter jet. This concept is being developed as a part of the Future Combat Air Concept program. The unveiling saw a mock-up of the new fighter jet. The jet, nicknamed the Tempest, is a joint venture. BAE Systems Plc, Rolls Royce Holdings Plc, MBDA UK Ltd and Leonardo SpA have joined hands. Government funding was also announced for the jet. The UK Secretary of State for Defence, Gavin Williamson announced a whopping $2.65bn. This funding will help oversee the design and build of the jet through 2025. The year will see a final decision about the program’s future.

Boeing and Airbus Stole The Show

The Aviation giants bagged deals worth approximately $17.4bn. Embraer, the third-largest manufacturer of the civilian plane, also had a great start. They clinched a $1.1bn deal with United Airlines. This was for 25 E175 jets in a 70-seat configuration. DHL, in an attempt to modernize its long-haul fleet, ordered 14 Boeing 777 freighters. The order’s value is $4.7bn. The express courier company also purchased rights for seven more planes.

The Day Ended On A High Note

The first day at the Farnborough Airshow saw announcements of deals worth $46.4bn. This far exceeded the figure achieved on the first day of the previous edition of the trade show. Back then, the first day orders stood at $23bn. The orders placed on the first day of FIA 2018 include the orders for 311 civil planes, worth $43.6bn. Over $2.8bn in engine orders were also announced on the first day itself.

With this year’s edition being the most globally-attended one, expectations are high. Guess what, almost 100 countries have representation at the exhibition. Also, an unprecedented number of military and civil commercial delegations are here. Let’s see what’s in store in the days to come.

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