Airbus Expands Saudi Fleet with A330 Purchase

Airbus remains optimistic despite signs of decline in airline yields, aiming to surpass its reduced delivery target of 770 planes for the year. The company is deeply engaging with its supply chain to stabilize component providers, indicating a proactive approach to production network challenges. Despite a 71% drop in aircraft orders in the first half of 2024 compared to the previous year, the UK aerospace sector shows long-term resilience and growth potential, with a substantial order backlog and increased economic contribution. At the Farnborough Air Show, Airbus showcases new aircraft technologies while Boeing, facing reputation challenges, focuses on safety and quality, reducing its presence and limiting media access at the event.