Farnborough sees fewer firm orders this year

07/16/2012 | Globe and Mail (Toronto), The

While aircraft manufacturers reported billions of dollars worth of sales at this year's Farnborough International Airshow, the number of firm deals dipped from last year. This year saw a proliferation of memorandums of understanding and letters of intent as compared with last year's higher number of firm orders. Richard Aboulafia, a vice president at the consulting firm Teal Group Corp., attributes airline wariness to "a perpetual European crisis, sluggish U.S. numbers, and much slower emerging market growth."

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Globe and Mail (Toronto), The

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