Organisers are celebrating after selling the bulk of exhibition space for the biennial show
Farnborough International Airshow organisers are celebrating after announcing exhibition space at next year’s event is two-thirds sold.
More than half of the exhibitors are overseas businesses, airshow organisers Farnborough International Ltd (FIL) confirmed.
The company said next year’s biennial show, which will run from July 14-20, will see representation from European countries including France, Germany, Italy, Denmark and Austria, with an exceptionally strong presence from American companies, as well as Japanese, Middle Eastern, Canadian and South American participation.
FIL said it has also been working to strengthen ties with China and is looking forward to an increased participation from this important growth market.
Amanda Stainer, FIL commercial director, said: “The growth in international exhibitors over the last few shows is a real indication of the importance placed on the business opportunities at the Farnborough International Airshow. It’s an opportunity for UK companies to increase business in the global landscape.
"Working with ADS (the trade organisation for UK aerospace, defence, security and space companies) we understand that effective, competitive supply chains are a key ingredient in maintaining global marketing share in the future.”
The event has been held at the Farnborough site since 1948 and is the oldest, and most widely recognised, airshow in the world. It is also a significant source of local employment, with many companies having a long-standing role providing services to exhibitors and visitors alike.
It is estimated the show, which attracted 209,000 visitors and generated more than £46 billion worth of orders in 2012, contributes about £20m to the local economy around Farnborough.
The news comes hard on the heels of a £25 million upgrade announced for the airshow’s facilities.
The first phase of a two-stage masterplan will involve the construction of 40 permanent business and hospitality chalets which offer on-site parking, mains power, water, and waste facilities.
Currently, the chalets are erected on a temporary basis for the airshow. Building work is all set to start so it can be completed before next year’s show and has already received £2.5m of funding from Enterprise M3.
The second stage will see the building of a conference centre at an estimated cost of just over £20m after the 2014 airshow.
Welcoming the news, Aldershot MP Sir Gerald Howarth said: “FIA is a real asset to both the UK and the region.
“It is a major contributor to the local economy and showcase for the UK aerospace business which continues to be a world leader. The development plans for the site will not only enhance the venue for all visitors but also create an excellent exhibition and venue space for the wider business community – a real plus for the region.”