United Kingdom seeks to allay Brexit fears at Farnborough air show

Signage for Boeing is seen on a trade pavilion at Farnborough International Airshow in Farnborough

Signage for Boeing is seen on a trade pavilion at Farnborough International Airshow in Farnborough

Boeing has started the annual Farnborough Airshow with an order for 14 freight aircraft valued of $4.7 billion.

Speaking at the Farnborough Airshow in England on Monday, Boeing CEO Dennis Muilenburg said such trade restrictions could cause real problems for his industry.

Airbus announced a mix of orders - some firm, some promised - that would be worth tens of billions of dollars at list prices.

By protecting the supply chains that companies such as Bombardier, Rolls-Royce and Airbus rely on, she will say the plan will cement the UK's position as a leading aerospace nation.

InterConnect makes high-end cables for big aircraft makers including Bell Helicopter, BAE Systems and Airbus and believes his customers will keep coming back because the company offers the best service possible.

Two of the planes were eventually sold to the USA government at bargain prices and are destined to become the new Air Force One fleet in 2024.

Chicago-headquartered Boeing could signal plans for its new midsize airplane (NMA), but reports suggest this could be derailed by the festering global trade war spearheaded by US President Donald Trump.

Mrs May's speech will follow a tour of the Farnborough site where she will see examples of the latest plane models, meet key industry figures, and watch a flypast including Spitfires and Red Arrows. But, perhaps unsurprisingly, Brexit was a major them of the network's coverage.

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"Our worst case scenario is genuinely - and it is not alarmist or scare mongering - that aircraft will not fly", said Farnborough International chairman Paul Everitt, who is also head of aerospace, defence and space trade body ADS. He insists that any failure to agree a good deal on Brexit will hurt the sector.

Sensitive UK choices over global partnerships are also expected to loom large in the defence side of the show.

But Farnborough is taking place in the shadow of a trade war between China and the United States as well as Britain's stalled negotiations to exit the European Union.

The result should be a fierce contest for sales in the 100-150-seat sector even before Boeing closes its Embraer deal. But could there be a hitch? The stock has been moving broadly higher in the past week or so, despite uncertainty surrounding the ongoing US-China trade disagreements.

The 2018 Farnborough Airshow runs from July 16 to July 22.

"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.

"Airbus has missed a number of deadlines for deliveries, forcing airline customers to find alternatives, change routes or cancel flights".

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