Airbus and Boeing aircraft orders dry up

Airbus and Boeing racked up their lowest tally of aircraft orders in six years at the aviation industry’s annual showcase, as a slowing global economy and concern about the impact of Britain’s decision to quit the EU curbed demand.

At the Farnborough Air Show this week, deals for about 400 jets were worth $50bn (€45bn), less than half the value of the contracts unveiled at last year’s marquee event in Paris.

Orders were propped up by aggressive buying from Asian upstarts, while major American, European and Gulf carriers were all but absent.