Aerospace Struggles in the Spotlight: Challenges at the Farnborough Airshow

The upcoming Farnborough Airshow, traditionally a venue for major aviation deals, faces significant challenges due to supply chain issues and factory performance concerns. Major planemakers like Boeing and Airbus, hampered by production setbacks and quality issues, are expected to focus more on improvements rather than announcing large orders.

The aerospace industry is set to meet next week for its annual Farnborough Airshow, grappling with a crisis within its plants.

Historically, this event has been a stage for planemakers such as Airbus and Boeing to flaunt substantial orders. However, this year's show from July 22-26 is likely to be dominated by airline frustration over plane shortages and delays. Amid some deals, issues like supply chain disruptions and factory performance are anticipated to overshadow the usual triumphalism.

Boeing is expected to adopt a quieter tone due to ongoing corporate crises, while Airbus aims to cut costs by reducing its presence. The industry, hit hard by the pandemic, is struggling to resolve labor and parts shortages as air travel demands rebound sharply. Analysts warn that by the time recovery is achieved, the peak business period may have passed.

(With inputs from agencies.)