Business Bites: Air industry executives descend on Farnborough
Aerospace and defence industry executives from around the world are attending the Farnborough Airshow in the UK this week.
Analysts say some 15-20% of each year's total commercial aircraft orders are typically announced in just a single week at the Farnborough and Le Bourget airshows, so orders placed here are seen as a good indicator of the overall state of the air industry.
Boeing has already announced an order worth $7.2bn (£4.6bn; 5.9bn euros) for 75 of its forthcoming fuel-saving 737 Max planes from Air Lease Corporation.
But how will more defence-orientated air businesses fare as governments around the world make cuts to their defence budgets?
The BBC's Philip Hampsheir discusses one of the key financial stories of the day.
10 Jul 2012