Image Source: Air Shows
Well, a lot of time has passed. However, this week will see the biggest names in the worldwide aerospace and defense business attend the Farnborough airshow in Hampshire that is typically relatively quiet.
The Farnborough Airshow, which is taking place for the first time in four years, is anticipated to draw more than 80,000 attendees and 1,200 exhibitors from 42 countries. It will be boisterous and vibrant, with the Red Arrows, the Black Eagles Display Team from South Korea, an RAF Typhoon, and a US Air Force F-35 all making appearances throughout the flying displays.
The Covid epidemic has significantly impacted commercial aviation since the last show in 2018, while the war in Ukraine has significantly altered the picture for the defense industry. As a result, the event this year provides a chance to evaluate how businesses are faring in a drastically altered global environment.
The need to reduce emissions and harm the environment is greater than ever, and “sustainability” is expected to be one of the key keywords in the large exhibition halls and opulent chalets.
The most renowned annual aircraft industry event typically alternates between Farnborough and the Salon du Bourget in Paris. In the shadow of machinery costing billions of pounds, businessmen in crisp suits mix with military personnel wearing gold braids and heavy glasses.
Before Covid, it was a chance for theatrics, where huge new orders were bragged about. All predictions indicated that the airline industry would continue to expand quickly. But the good times came to an abrupt end due to the pandemic. Few airlines were operating in numerous areas. Both factories and aircraft were grounded.
The Airshow Business makes a Post-Pandemic Return
The people behind the show are certain that confidence is returning now that recovery is visibly in progress. The two industry giants, Airbus and Boeing, will unavoidably receive attention. The US manufacturer struggled the hardest out of the two during the past few years.
The business will exhibit its 737 Max 10 during the Farnborough airshow. This is the newest and largest 737 Max model; it is a close relative of the planes that crashed fatally twice, once in Indonesia and once in Ethiopia. The aircraft, a highly effective long-range variant, is expected to enable Boeing to compete with Airbus’ A321neo and aid in the resuscitation of the Max brand.
However, issues are on the horizon. First, it appears improbable that the plane will receive regulatory approval before the year is over. If not, it will be governed by new safety regulations for cockpit alarms. Due to these, Boeing would have to modify the flight deck, necessitating additional training for pilots coming from older 737 Max models. This would increase expenses for carriers and potentially make the aircraft less appealing.
The corporation has requested a dispensation from the new regulations, and chief executive Dave Calhoun has issued a warning that the program may be scrapped if that doesn’t happen. Additionally, the aerospace industry titan has yet to resume 787 Dreamliner deliveries. These have been put on hold for more than a year due to a long list of production and quality control issues, but regulator approval is soon anticipated.
For Boeing and Dave Calhoun to inspire confidence and placate irate investors, they need a strong performance backed by solid orders.
In contrast, Airbus is optimistic as he approaches the performance. Earlier this month, the business predicted that demand for passenger air traffic would rise by 3.6 percent a year for the following 20 years and that pressure to cut emissions would boost demand for fuel-efficient aircraft.
It thinks that its own fleet, which includes the A320neo, A350, and A321XLR, will profit. In fact, reducing carbon emissions is likely to be one of the main subjects of conversation as CEOs toil in what is expected to be an uncharacteristically hot British summer.
Sustainable aviation fuels, electrification, and long-term plans for a new generation of hydrogen-powered aircraft are anticipated to be the main topics of these conversations.
Many businesses, like the British startup Vertical Aerospace, the German company Lilium Aerospace, and the Californian company Joby Aviation, will promote their electric air taxi plans.