DHL Express to order 14 Boeing 777 Freighters in $4.7bn deal

UK seeks to allay Brexit fears at Farnborough air show

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.

Beyond the order avalanche, manufacturers, suppliers and airlines use the event to haggle over contracts and float ideas for new planes and ventures.

Employees are pictured as the first Boeing 737 MAX 7 is unveiled in Renton Thomson Reuters LONDON (Reuters) - Boeing Chief Executive Dennis Muilenburg said on Sunday both the USA and Chinese governments understood the importance of aerospace to their economies, despite mounting trade tensions between the two countries.

Bloomberg News notes "billions of dollars are at stake as the world's largest planemakers ... duel over orders this week at the Farnborough". Among those were deals for A350s for Taiwanese start-up carrier STARLUX and an order for 10 Airbus A350s for China's Sichuan Airlines.

Goshawk Aviation Limited announced an order for 20 Boeing 737 MAX aircraft.

"Let me make one thing clear", Tinseth said. AirAsia would become the biggest customer for the marquee jet.

"Take a look at the U.S". But, perhaps unsurprisingly, Brexit was a major them of the network's coverage. "The current uncertainty is already taking its toll, he thinks". Of particular interest to US readers could be a new order from an expected start-up carrier to be launched by JetBlue founder Dave Neelemam.

Dominating Boeing's upbeat outlook was a five percent increase in the forecast for single-aisle aircraft, such as the Boeing 737 and Airbus A320 families, underpinned by an unchanged prediction for average global traffic growth of 4.7 percent.

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The wire service notes that the day began with numerous big orders that continue a "decade-long boom" for the big jetmakers.

Prime Minister Theresa May will today (16 July) set out how the Government's proposal for a new relationship with the European Union will secure millions of aviation jobs and strengthen Britain's position as a leading aerospace nation.

China will pass the United States as the biggest air travel market within 10-15 years, driving a big rise in aircraft sales, the world's largest jet maker says.

This will also be the first appearance for two new partnerships for Airbus and Boeing.

"Airbus has missed a number of deadlines for deliveries, forcing airline customers to find alternatives, change routes or cancel flights".

Even before the first displays had taken to the skies over a sun-baked southern England, Boeing said delivery firm DHL, part of Deutsche Post DHL Group, had placed a US$4.7 billion order for 14 777 freighters, and purchase rights for seven additional freighters.

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


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