Talk of turbulence in aviation supply chains at British international airshow
Marketplace All-in-One
Marketplace
4.5 • 1.4K Ratings
🗓️ 24 July 2024
⏱️ 8 minutes
🧾️ Download transcript
Summary
From the BBC World Service: Some of the world’s biggest civilian and defense aviation businesses are gathered at this year’s Farnborough Airshow, a trade expo in the south of England. But with deals on the table, it’s clear that plane makers are struggling to keep up with demand. Also: a look at the the realities of Venezuela’s struggling economy as citizens head to the polls on Sunday.
Transcript
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| 0:00.0 | With turbulence in the supply chains aviation deals are flying under the radar. |
| 0:06.0 | Live from the UK, this is the Marketplace Morning Report from the BBC World Service. |
| 0:10.0 | I'm Leanna Byrne and a very good morning to you. |
| 0:12.0 | Let's start with a nice problem to have. |
| 0:14.3 | Planmakers have got far more buyers than they can cater for and right now the world's top |
| 0:18.9 | airlines and plane manufacturers are gathered at Farnborough in the south of England for its air show and the BBC's Theollegate is there. |
| 0:26.0 | Hello? |
| 0:27.0 | Early Anna. |
| 0:28.0 | Take us there. What's going on around you? |
| 0:29.0 | Well, this is one of the biggest aerospace events of the year and a normally relatively |
| 0:34.8 | sleepy airfield that focuses on private jets about an hour's drive south of London |
| 0:39.7 | suddenly becomes the center of the global aerospace industry. |
| 0:43.6 | So just looking out in front of me, I can see the US Air Force and Navy stand, military |
| 0:48.6 | planes. |
| 0:49.6 | There's an anti-submarine aircraft, there's a couple of fighters, a little bit further down, there's an A350 jet that belongs to Air India, British Airways has got a jet here, there's basically aircraft as far as the eye can see. It's a Nav Geek's dream. But also, obviously behind the scenes |
| 1:05.7 | there's an awful lot of business going on and this is an industry where business is measured, |
| 1:10.4 | not in millions, not even in hundreds of millions but in billions. I mean that show it's really |
| 1:15.7 | well known for announcing major deals isn't it? Has there been many of both this |
| 1:20.1 | year? This year it's been a little bit more low-key on the commercial side and that's largely |
| 1:24.2 | because of events that have preceded it so we know that Boeing has other issues to deal with. |
| 1:29.8 | It's going through a safety and quality control crisis. |
| 1:32.6 | So Boeing hasn't brought any commercial aircraft to the show. |
... |
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