Farnborough Airshow opens after aviation industry's stormy years


Paul Carey
  • English
  • Arabic

Global aviation's Farnborough International Airshow opened on Monday, the first in four years after a Covid-enforced hiatus.

More than 80,000 visitors from 96 countries are expected to attend this week's five-day event, with aviation bosses aiming for a display of confidence after the devastation of the pandemic.

The show will this year focus on green themes of decarbonisation and sustainability, as many carriers seek to replace ageing fleets with modern, fuel-efficient aircraft that emit less carbon dioxide.

US titan Boeing and its European arch-rival Airbus will battle for supremacy as they declare their latest multi-billion-dollar jet orders.

Airbus and Boeing will also showcase their latest twin-aisle passenger aircraft, the A350-900 and the 777X.

It comes as the sector has been aided by a modest recovery in air traffic and with Ukraine boosting defence budgets.

The show, which is held south west of London, comes as weather forecasters warn of scorching record temperatures in England. Delegates travelled in crowded trains and shuttle buses to reach the show, problems which were exacerbated by climate protesters holding a mock funeral for the Earth on the main road outside.

Farnborough visitors will be thrilled by air displays by Britain's Red Arrows and South Korea's Black Eagles, as well as the US-made F-35 stealth fighter.

Outgoing UK prime minister Boris Johnson visited on Monday morning in one of his final public appearances as prime minister, where he is meeting some of the 1,500 exhibitors.

In a speech, Mr Johnson spoke about taking a trip in a Typhoon aircraft last week, taking off like a “vertical firecracker” and experiencing barrel rolls over the English Channel.

He will later meet British astronaut Tim Peake and Dr Paul Bate, chief executive of the UK Space Agency.

He will also view an electric vertical take-off and landing aircraft.

US flying taxi firm Joby Aviation Inc. has applied for certification in the UK, backing up a previous statement that Britain is a vital market.

The start-up will apply for foreign validation of its US certification with the UK Civil Aviation Authority, according to a statement.

Joby is developing a four-passenger electric vertical take-off and landing, or eVTOL, aircraft with a maximum range of 150 miles, It has said it sees such aircraft connecting cities such as Bristol and Cambridge with London, as well as providing links between UK regions.

In focusing on the UK, Joby faces a homegrown competitor in Bristol-based Vertical Aerospace, which is also working on a four seater with the same top speed. Vertical has received more than 1,300 orders and said on Friday it had secured a commitment to pre-delivery payments and delivery slots from American Airlines Group Inc.

Farnborough Airshow through the years - in pictures

Back in the skies

Deals worth a total of £161 billion ($192bn) were agreed the last time Farnborough was held, organisers said.

"This is the first major global airshow for three years since Paris 2019," Farnborough chief executive Gareth Rogers said.

The biennial Farnborough show was cancelled in 2020 as the Covid crisis grounded aircraft and ravaged the sector.

Global air traffic is gradually recovering and in May reached more than two-thirds of its pre-pandemic level, according to estimates from the International Air Transport Association (IATA).

That recovery has however faced headwinds from rocketing inflation fuelled by historically high energy prices and higher wages, while staff shortages constrain airports and spark flight cancellations.

Meanwhile, Russia's war on Ukraine has sparked an upsurge in defence spending as nations seek to bolster armed forces.

"Anecdotally, we are certainly seeing a greater interest in the defence element of the show," said Mr Rogers.

Defence agreements are, however, not announced at Farnborough, unlike commercial civil aviation deals.

Supply issues causing delays

Demand for jets peaked in 2016 but remained buoyant until the pandemic affected air transport. Now, travel is rebounding, passengers face long lines and some jets are back in demand.

But the big-ticket orders that dominated past events are rarer as airlines repair balance sheets weakened by Covid-19 travel restrictions.

Aerospace firms came under pressure from customers at the start of the show to stabilise fractured supply chains.

Airbus expects delays in engine supplies that have been holding back aircraft deliveries to peak at mid-year, chief executive Guillaume Faury was reported on Monday as saying.

Airbus has been forced to build some narrow-body A320neo-family jets without engines to keep assembly lines running. This mirrors a smaller scale disruption seen in 2017 when Airbus was forced to build dozens of engine-less airframes nicknamed "gliders," while waiting for power plants to arrive.

"It’s going to peak probably mid-year and then we think we'll get more engines in the second half," Faury told FlightGlobal in an interview released at the opening of the Farnborough Airshow.

But the head of the body representing global airlines, IATA director general Willie Walsh, said manufacturers had wasted chances to shore up their assembly lines.

"Airlines are frustrated by the delays around delivery of aircraft; they're frustrated around issues like access to spare parts," Mr Walsh told Reuters.

"I think (manufacturers) should have taken better advantage of the lull in demand over the past two years to have been better prepared for this recovery."

Boeing hopes for clear skies

Boeing hopes the airshow will mark an end to several turbulent years following 737 MAX crashes and 787 manufacturing problems.

Boeing plans to show off several planes including the MAX 10, the latest version of its flagship model in the vital medium-haul segment, and hopes to announce a range of new orders.

The MAX 10 offers Boeing the opportunity to show off the latest version of the aircraft and seek to recover from the deadly and costly crashes of an earlier model.

The crashes in October 2018 and March 2019 led to the aircraft being grounded for 20 months. Airlines cancelled hundreds of orders and demanded compensation.

"The most difficult of our crises is being managed effectively," Boeing's chief executive Dave Calhoun said in an interview with The Financial Times on Monday. "It's not done and that's the MAX. But we're still returning aeroplanes to service for our customers."

Since the 737 MAX was recertified and took to the skies again, Boeing has sought to make amends with US authorities, acknowledging its partial responsibility for the crashes and forking out over several billion dollars to settle probes.

"On the MAX, they've turned the corner," said Michel Merluzeau, from aviation consultancy AIR.

MATCH INFO

Uefa Champions League, semi-final result:

Liverpool 4-0 Barcelona

Liverpool win 4-3 on aggregate

Champions Legaue final: June 1, Madrid

RACE CARD

6.30pm Maiden (TB) Dh82.500 (Dirt) 1,400m

7.05pm Handicap (TB) Dh87,500 (D) 1,400m

7.40pm Handicap (TB) Dh92,500 (Turf) 2,410m

8.15pm Handicap (TB) Dh105,000 (D) 1,900m

8.50pm UAE 2000 Guineas Trial (TB) Conditions Dh183,650 (D) 1,600m

9.25pm Dubai Trophy (TB) Conditions Dh183,650 (T) 1,200m

10pm Handicap (TB) Dh102,500 (T) 1,400m

Zakat definitions

Zakat: an Arabic word meaning ‘to cleanse’ or ‘purification’.

Nisab: the minimum amount that a Muslim must have before being obliged to pay zakat. Traditionally, the nisab threshold was 87.48 grams of gold, or 612.36 grams of silver. The monetary value of the nisab therefore varies by current prices and currencies.

Zakat Al Mal: the ‘cleansing’ of wealth, as one of the five pillars of Islam; a spiritual duty for all Muslims meeting the ‘nisab’ wealth criteria in a lunar year, to pay 2.5 per cent of their wealth in alms to the deserving and needy.

Zakat Al Fitr: a donation to charity given during Ramadan, before Eid Al Fitr, in the form of food. Every adult Muslim who possesses food in excess of the needs of themselves and their family must pay two qadahs (an old measure just over 2 kilograms) of flour, wheat, barley or rice from each person in a household, as a minimum.

MATCH INFO

Uefa Champions League semi-finals, second leg:

Liverpool (0) v Barcelona (3), Tuesday, 11pm UAE

Game is on BeIN Sports

The%20Last%20White%20Man
%3Cp%3EAuthor%3A%20Mohsin%20Hamid%C2%A0%3C%2Fp%3E%0A%3Cp%3E192%20pages%C2%A0%3C%2Fp%3E%0A%3Cp%3EPublished%20by%3A%20Hamish%20Hamilton%20(UK)%2C%20Riverhead%20Books%20(US)%3C%2Fp%3E%0A%3Cp%3ERelease%20date%3A%20out%20now%20in%20the%20US%2C%20August%2011%20(UK)%3C%2Fp%3E%0A
EA Sports FC 26

Publisher: EA Sports

Consoles: PC, PlayStation 4/5, Xbox Series X/S

Rating: 3/5

KEY%20DATES%20IN%20AMAZON'S%20HISTORY
%3Cp%3E%3Cstrong%3EJuly%205%2C%201994%3A%3C%2Fstrong%3E%20Jeff%20Bezos%20founds%20Cadabra%20Inc%2C%20which%20would%20later%20be%20renamed%20to%20Amazon.com%2C%20because%20his%20lawyer%20misheard%20the%20name%20as%20'cadaver'.%20In%20its%20earliest%20days%2C%20the%20bookstore%20operated%20out%20of%20a%20rented%20garage%20in%20Bellevue%2C%20Washington%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EJuly%2016%2C%201995%3A%3C%2Fstrong%3E%20Amazon%20formally%20opens%20as%20an%20online%20bookseller.%20%3Cem%3EFluid%20Concepts%20and%20Creative%20Analogies%3A%20Computer%20Models%20of%20the%20Fundamental%20Mechanisms%20of%20Thought%3C%2Fem%3E%20becomes%20the%20first%20item%20sold%20on%20Amazon%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3E1997%3A%3C%2Fstrong%3E%20Amazon%20goes%20public%20at%20%2418%20a%20share%2C%20which%20has%20grown%20about%201%2C000%20per%20cent%20at%20present.%20Its%20highest%20closing%20price%20was%20%24197.85%20on%20June%2027%2C%202024%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3E1998%3A%3C%2Fstrong%3E%20Amazon%20acquires%20IMDb%2C%20its%20first%20major%20acquisition.%20It%20also%20starts%20selling%20CDs%20and%20DVDs%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3E2000%3A%3C%2Fstrong%3E%20Amazon%20Marketplace%20opens%2C%20allowing%20people%20to%20sell%20items%20on%20the%20website%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3E2002%3A%3C%2Fstrong%3E%20Amazon%20forms%20what%20would%20become%20Amazon%20Web%20Services%2C%20opening%20the%20Amazon.com%20platform%20to%20all%20developers.%20The%20cloud%20unit%20would%20follow%20in%202006%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3E2003%3A%3C%2Fstrong%3E%20Amazon%20turns%20in%20an%20annual%20profit%20of%20%2475%20million%2C%20the%20first%20time%20it%20ended%20a%20year%20in%20the%20black%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3E2005%3A%3C%2Fstrong%3E%20Amazon%20Prime%20is%20introduced%2C%20its%20first-ever%20subscription%20service%20that%20offered%20US%20customers%20free%20two-day%20shipping%20for%20%2479%20a%20year%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3E2006%3A%3C%2Fstrong%3E%20Amazon%20Unbox%20is%20unveiled%2C%20the%20company's%20video%20service%20that%20would%20later%20morph%20into%20Amazon%20Instant%20Video%20and%2C%20ultimately%2C%20Amazon%20Video%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3E2007%3A%3C%2Fstrong%3E%20Amazon's%20first%20hardware%20product%2C%20the%20Kindle%20e-reader%2C%20is%20introduced%3B%20the%20Fire%20TV%20and%20Fire%20Phone%20would%20come%20in%202014.%20Grocery%20service%20Amazon%20Fresh%20is%20also%20started%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3E2009%3A%3C%2Fstrong%3E%20Amazon%20introduces%20Amazon%20Basics%2C%20its%20in-house%20label%20for%20a%20variety%20of%20products%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3E2010%3A%3C%2Fstrong%3E%20The%20foundations%20for%20Amazon%20Studios%20were%20laid.%20Its%20first%20original%20streaming%20content%20debuted%20in%202013%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3E2011%3A%3C%2Fstrong%3E%20The%20Amazon%20Appstore%20for%20Google's%20Android%20is%20launched.%20It%20is%20still%20unavailable%20on%20Apple's%20iOS%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3E2014%3A%3C%2Fstrong%3E%20The%20Amazon%20Echo%20is%20launched%2C%20a%20speaker%20that%20acts%20as%20a%20personal%20digital%20assistant%20powered%20by%20Alexa%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3E2017%3A%3C%2Fstrong%3E%20Amazon%20acquires%20Whole%20Foods%20for%20%2413.7%20billion%2C%20its%20biggest%20acquisition%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3E2018%3A%3C%2Fstrong%3E%20Amazon's%20market%20cap%20briefly%20crosses%20the%20%241%20trillion%20mark%2C%20making%20it%2C%20at%20the%20time%2C%20only%20the%20third%20company%20to%20achieve%20that%20milestone%3C%2Fp%3E%0A
Five famous companies founded by teens

There are numerous success stories of teen businesses that were created in college dorm rooms and other modest circumstances. Below are some of the most recognisable names in the industry:

  1. Facebook: Mark Zuckerberg and his friends started Facebook when he was a 19-year-old Harvard undergraduate. 
  2. Dell: When Michael Dell was an undergraduate student at Texas University in 1984, he started upgrading computers for profit. He starting working full-time on his business when he was 19. Eventually, his company became the Dell Computer Corporation and then Dell Inc. 
  3. Subway: Fred DeLuca opened the first Subway restaurant when he was 17. In 1965, Mr DeLuca needed extra money for college, so he decided to open his own business. Peter Buck, a family friend, lent him $1,000 and together, they opened Pete’s Super Submarines. A few years later, the company was rebranded and called Subway. 
  4. Mashable: In 2005, Pete Cashmore created Mashable in Scotland when he was a teenager. The site was then a technology blog. Over the next few decades, Mr Cashmore has turned Mashable into a global media company.
  5. Oculus VR: Palmer Luckey founded Oculus VR in June 2012, when he was 19. In August that year, Oculus launched its Kickstarter campaign and raised more than $1 million in three days. Facebook bought Oculus for $2 billion two years later.
RESULTS

5pm: Maiden (PA) Dh80,000 1,200m
Winner: Ferdous, Szczepan Mazur (jockey), Ibrahim Al Hadhrami (trainer)
5.30pm: Arabian Triple Crown Round-3 Group 3 (PA) Dh300,000 2,400m
Winner: Basmah, Fabrice Veron, Eric Lemartinel
6pm: UAE Arabian Derby Prestige (PA) Dh150,000 2,200m
Winner: Ihtesham, Szczepan Mazur, Ibrahim Al Hadhrami
6.30pm: Emirates Championship Group 1 (PA) Dh1,000,000 2,200m
Winner: Somoud, Patrick Cosgrave, Ahmed Al Mehairbi
7pm: Abu Dhabi Championship Group 3 (TB) Dh380,000 2,200m
Winner: GM Hopkins, Patrick Cosgrave, Jaber Ramadhan
7.30pm: Wathba Stallions Cup Conditions (PA) Dh70,000 1,600m
Winner: AF Al Bairaq, Tadhg O’Shea, Ernst Oertel

Updated: May 19, 2023, 4:18 PM