Airline firms are offering their luxurious jet planes to lethal drones for sales during the back to back air shows in Britain this week. They are doing this with the hope that trade tensions due to Brexit will not prevent airlines from buying jetliners even if the uncertainty revolving around the geopolitical world, allow them to sell off more weapons.
The Royal International Air Tattoo, where VIPs view fighters fight over the picturesque villages of Cotswolds, will give way on Monday to the Airshow in Farnborough, where business deals would be done in the $800 billion aerospace and defense sector.
A lengthy industry, the boom has been hardly affected neither due to the trade tensions that exist between China and Europe with the United States nor because of the disputes as a result of Britain’s exit from the European Union along with the increasing global protectionist rhetoric.
The analyst of Teal Group, Richard Aboulafia said that the large-scale environment would reflect the current health of the industry in spite of the uncertainties hovering from Brexit as well as other trade setbacks at a global level in the background.
He expects to see a scenario in which people have been seeing for many years, wherein the aviation sector has remained a protected segment amidst the turbulence which the world is experiencing currently.
It is expected that Boeing would confirm, that the air transport demand is on the rise after Airbus had taken off their forecasts last week, giving reasons of strong economic growth in emerging markets along with the necessity of getting older planes replaced in Western markets.
Boeing along with Airbus would add to record level orders for narrow-body jets, set a benchmark, with their waiting lists undermining their shares prices touching a record level while aiming for a recovery bigger jets’ sales.
Sources said that Boeing is in the discussion for an eye-catch deal with Saudi Arabia. On the other hand, Airbus would also hope for Air Asia’s support for their A330neo jet after prices showdown, thereby putting an end to the uncertainty.
