FARNBOROUGH DAY THREE: Airbus has been the only manufacturer to land a firm order so far on the third day of the Farnborough Airshow, cementing the opinion of some industry watchers that airlines have pulled back on spending as they become more skittish about the global economic outlook.
PROMISES, PROMISES: The first two days of this year’s airshow were littered with headline-grabbing orders, but many of those have been commitments, including Boeing’s $9.2 billion deal with the commercial aircraft leasing and financing arm of General Electric. Most commitments do become firm in the end but uncertainties remain.
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AIRBUS’ DAY: Airbus, a subsidiary of EADS, got a firm order from the aerospace division of CIT Group. The acquisition includes 10 mid-sized long-haul A330 aircraft, in a deal that has a list value of $2.3 billion. The deal includes five that were ordered earlier this year, and deliveries are scheduled to begin in 2014.
