Industry leaders in the aviation sector will meet on Monday at a key summit on the outskirts of London to discuss issues such as supply chain disruptions, delays in aircraft deliveries, and stalled plans to reduce carbon emissions.
The Farnborough International Airshow, taking place from July 22 to 26, will bring together top executives from airlines, aircraft manufacturers, and weapons makers. It is usually a venue for Boeing and Airbus orders.
Many attendees have noted that due to Airbus struggling to meet production targets and Boeing maintaining a low profile due to its safety crisis, this year's event is unlikely to see a large number of orders. In January, a door panel fell off a Boeing 737 MAX, sparking safety concerns.
Some deals are still expected to be made. Industry sources indicate that Virgin Atlantic is close to placing an order for additional Airbus A330neos, and Saudi low-cost airline Flynas is expected to order up to 30 of the same wide-body aircraft.
Japan Airlines is expected to confirm its recent trial order, while Boeing has seen rising lease demand for the 737 MAX. Industry sources reveal that Turkish Airlines is in talks to purchase Boeing aircraft. All companies declined to comment.
With a limited number of deals, the focus of the meeting may shift to how to address supply chain bottlenecks and expedite aircraft deliveries to meet the demands of dissatisfied airlines.
Additionally, industry leaders will also be monitoring for further signs of weakening demand for air travel, especially after some airlines have issued profit warnings. Ryanair, a barometer for low-cost carriers, will report its quarterly results on Monday.
