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Plane orders pile up at Farnborough

Plane orders pile up at Farnborough
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There is little sign of a slowdown in the aviation industry as orders worth more than nine billion euros were announced on the third day of Britain’s Farnborough Airshow.

A big chunk of those orders came from RBS Aviation Capital, part of Royal Bank of Scotland and one of the world’s largest aircraft leasing firms, which is counting on growth in emerging markets.

It confirmed that it is buying 52 Airbus A320s and 43 Boeing 737s.

With orders revealed also from American Airlines, Garuda, Thai Air, Qantas and Qatar Airways, both Boeing and Airbus said they were thinking of raising their forecasts for orders for this year.

The news was less good for military planemakers with European governments particularly slashing defence spending; during the show Italy reduced its order for Eurofighters and Britain’s defence secretary Liam Fox said the industry should cut its prices.