Aviation summit at Farnborough Airshow discusses supply chain issues and potential new orders.

From Investing.com: 2024-07-21 20:05:38

Aviation leaders will discuss supply chain issues and delays at the Farnborough Airshow. Airbus and Boeing are not expected to receive a large number of orders. Virgin Atlantic and Flynas are close to ordering Airbus A330neos. Japan Airlines and Turkish Airlines are also considering new orders. Ryanair will report quarterly results soon.

Airlines are struggling with labor and parts shortages. Boeing has had to slow down production of the 737 MAX after a safety incident. Both Boeing and Airbus are making progress in increasing production. Political uncertainty in Western democracies is affecting aerospace and defense companies, with changes in leadership and upcoming elections.

The Farnborough Airshow will focus on sustainability and reducing carbon emissions in the aviation industry. Defence topics include Ukraine, delays in America’s F-22 fighter replacement program, and a defense review by Britain’s new Labour government. British Prime Minister Kier Starmer is expected to attend, with executives looking for insights on future defense programs.



Read more at Investing.com: Aviation summit opens amid jet shortages, supply chain turbulence By Reuters