Boeing scores opening win with Farnborough orders

Boeing starts air show with order for jets worth $4.7B

Plane makers plot course through trade, Brexit worries to air show deals

FARNBOROUGH, England, July 16 (Reuters) - Aerospace firms are setting out wares from luxury jets to lethal drones at back-to-back British air shows this week, hoping trade tensions will not deter airlines from buying jetliners even as geopolitical uncertainty allows them to sell more weapons. So what could possibly go wrong? The U.S. has also put tariffs on steel and aluminum from China, the European Union and several other countries, which responded in kind.

While meeting a resulting increase in demand for related logistics services, the company said it would nonetheless lower its Carbon dioxide emissions by 18 percent with the new and more efficient Boeing 777F planes.

The second day of the Farnborough Airshow did not see quite as much ordering action as Monday's first day, but both Boeing Co.

Boeing's upbeat sales forecast underlined the importance of China to the aircraft industry. The order is worth $2.3 billion at list prices.

Airbus and Boeing are undergoing an unprecedented order boom for single-aisle aircraft driven by fuel-saving planes and growth in air travel, especially in Asia.

Boeing shares closed higher in the US Friday ahead of the Farnborough air show held just outside of London this week.

The A220 program received an important vote of confidence from Air Lease Corp founder Steven Udvar-Hazy, who told reporters that the A220 is "a more attractive prospect" under Airbus.

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Dawson said the cost of steel and aluminum, which were hit by the first round of USA tariffs, has risen by 10 percent to 15 percent in the last few months, which translates into higher manufacturing costs.

"There's already been an impact with raw materials, with the costs of production and lead times", she said. "I think this is behind us now".

Dawson said that while she appreciates Trump's desire to help USA companies, some global customers are concerned about his comments on trade.

"We're leaving the European Union and forging a new future for our country and, as we do so, want to ensure that the United Kingdom remains one of the best places in the world for aerospace companies to do business", she told participants.

Asked if European rival Airbus might benefit from the tensions, he said "it's a concern we have", although there are unlikely to be any sudden shifts in the order backlog or delivery pattern. The $23bn AirAsia deal would give a boost to Airbus's slow-selling A330neo wide-body, while adding to the order pile for the popular A320neo narrowbody family. "I'm believing in our president".

"But business was brisk on the first day of the July 16-22 air show, though analysts will be watching closely to see how numerous deals are new, and how many involve adjusting earlier business or switching models - something not always easy to spot at first".

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