Farnborough International Airshow
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Despite the United States’ dominance of the aerospace and defense industry, the UK’s biennial Farnborough air show, along with the Paris show, remains one of the biggest events on the calendar.
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The Mars space probe built by Siemens is an “iconic example” of what the technological industry can provide to global aerospace development, Siegfried Russwurm, the CEO of Sector Industry Sector at Siemens told CNBC.
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No doubt the debate will carry on this week about whether the industry is over-heated and creating a bubble for itself. The current movement shows no signs of slowing down. For those that are calling it a "bubble" it has proven to be quite a resilient one and one we believe is actually reflective of real growth, write Neil Hampson and Scott Thompson from PwC.
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As orders go at air shows, the latest deal between Boeing and Air Lease Corp is not the biggest one ever done. Still, the $7.2 Billion ALC is paying for 75 new 737 MAX airplanes is significant and highlight the continued demand for more fuel-efficient single aisle planes.
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The private aviation industry in Europe has undergone a challenging few years, keeping step with the similarly challenging macro-economic environment.
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Boeing CEO Jim McNerney denied commercial aviation was in a production bubble on Monday, shortly after closing a $7.2 billion deal with Air Lease.
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The aeronautical industry is not experiencing a production bubble in the commercial sector, but supply will need to keep up with demand, David Baxt, Global Head of Aerospace and Defense at Jefferies, told CNBC.
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New venues such as Singapore, Dubai and Bangalore have grown in importance with the global economy, but Farnborough is not an anachronism; it remains a premier venue to take the industry's pulse.
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Defense manufacturers suffered a further blow on Wednesday as the UK became the latest European nation to announce military cutbacks as part of austerity measures.
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A few days left before the Farnborough Air Show opens its gates to trade visitors, and signs for aircraft manufacturers are not good.
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The world's No. 2 aircraft maker put top salesman Ray Conner in charge of its commercial plane unit only last week, and faces international customers' questions on how it plans to replace its successful but aging 777 mini-jumbo.
Slideshows
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The Farnborough International Airshow, held once every two years, is one of the world’s most important aerospace and defence events.
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When you think of aircraft, you usually imagine passenger planes, private jets or military aircraft. But what about planes that don't just carry passengers?Here are some uncommon aircraft with important functions.
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Everyone has experienced it, and no one enjoys it: the airport delay. But there are some airports where you might decide that a longer-than-expected layover is not such a bad thing.
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To mark the 2011 Dubai Air Show, we've picked 12 aircraft whose design and construction make them key players in almost a century of innovation.
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Here, we take a look at the evolution of air travel: the good, the bad and the inbetween — they're all "firsts" that changed the industry.
Videos
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Domhnal Slattery, CEO of Avolon, told CNBC "Airlines all over the world are looking for more fuel efficient aircrafts and the Boeing 737 MAX really delivers that for airlines so we have a very strong conviction that this aircraft is going to be in big demand on a global basis."
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Siegfried Russwurm, the CEO of Siemens Industry, told CNBC that despite the China slowdown, weakening demand for technology and the global economic crisis, there is longevity in the aeronautical industry. "We strongly believe that the aerospace industry is a growing vertical in the long-run. It may be bumpy every now and then but in the long-run, growth potential is there."
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Eric Connor, CEO of NetJets Europe, told CNBC that the "private jet market has been hit less by the global economic difficulties than other areas in aviation. We make long and medium term commitments with our owners, which gives us more solidity," he said.