The Prague Post - War, trade and Air India crash cast cloud over Paris Air Show

EUR -
AED 4.243687
AFN 80.258579
ALL 97.948265
AMD 440.592197
ANG 2.067962
AOA 1058.465478
ARS 1362.804464
AUD 1.778285
AWG 2.082842
AZN 1.968988
BAM 1.955765
BBD 2.322859
BDT 140.58751
BGN 1.955765
BHD 0.433992
BIF 3425.439333
BMD 1.15553
BND 1.477574
BOB 7.949859
BRL 6.406145
BSD 1.15048
BTN 98.998247
BWP 15.463726
BYN 3.764933
BYR 22648.378878
BZD 2.310959
CAD 1.569961
CDF 3324.458889
CHF 0.938796
CLF 0.027884
CLP 1070.051049
CNY 8.298556
CNH 8.307576
COP 4778.715365
CRC 579.88973
CUC 1.15553
CUP 30.621533
CVE 110.263047
CZK 24.84493
DJF 204.866372
DKK 7.461301
DOP 67.948797
DZD 150.258339
EGP 57.438983
ERN 17.332943
ETB 155.208151
FJD 2.59792
FKP 0.850086
GBP 0.852443
GEL 3.166602
GGP 0.850086
GHS 11.84979
GIP 0.850086
GMD 81.469282
GNF 9968.823444
GTQ 8.840843
GYD 240.695737
HKD 9.070218
HNL 30.026468
HRK 7.537177
HTG 150.877328
HUF 402.707866
IDR 18834.322544
ILS 4.160155
IMP 0.850086
INR 99.50092
IQD 1507.073308
IRR 48647.793814
ISK 144.037202
JEP 0.850086
JMD 184.196738
JOD 0.819316
JPY 166.482963
KES 148.637368
KGS 101.051502
KHR 4612.918301
KMF 492.837731
KPW 1039.948197
KRW 1579.435987
KWD 0.353847
KYD 0.958683
KZT 590.089549
LAK 24822.560372
LBP 103080.774354
LKR 344.473899
LRD 230.095925
LSL 20.704233
LTL 3.411979
LVL 0.698969
LYD 6.285889
MAD 10.518914
MDL 19.701651
MGA 5194.907994
MKD 61.53391
MMK 2425.72657
MNT 4133.999506
MOP 9.301035
MRU 45.673191
MUR 52.588586
MVR 17.800977
MWK 1994.864669
MXN 21.910925
MYR 4.905805
MZN 73.89655
NAD 20.704233
NGN 1782.335411
NIO 42.33925
NOK 11.468204
NPR 158.397195
NZD 1.914238
OMR 0.444022
PAB 1.15048
PEN 4.152526
PGK 4.805915
PHP 64.814084
PKR 326.153924
PLN 4.277224
PYG 9179.837417
QAR 4.196726
RON 5.027136
RSD 117.197924
RUB 91.848373
RWF 1661.270578
SAR 4.334823
SBD 9.645657
SCR 16.420505
SDG 693.899733
SEK 10.950611
SGD 1.481278
SHP 0.908065
SLE 25.479855
SLL 24230.880068
SOS 657.488355
SRD 43.364756
STD 23917.128362
SVC 10.066822
SYP 15023.749872
SZL 20.690634
THB 37.444978
TJS 11.619594
TMT 4.044353
TND 3.40414
TOP 2.70637
TRY 45.493623
TTD 7.801862
TWD 34.111657
TZS 2973.947329
UAH 47.720955
UGX 4145.926572
USD 1.15553
UYU 47.299162
UZS 14617.741108
VES 118.057029
VND 30130.432615
VUV 138.103265
WST 3.030441
XAF 655.945383
XAG 0.031814
XAU 0.000336
XCD 3.122877
XDR 0.815786
XOF 655.945383
XPF 119.331742
YER 281.198532
ZAR 20.738243
ZMK 10401.156591
ZMW 27.812507
ZWL 372.080039
  • CMSC

    0.0900

    22.314

    +0.4%

  • CMSD

    0.0250

    22.285

    +0.11%

  • RBGPF

    0.0000

    69.04

    0%

  • SCS

    0.0400

    10.74

    +0.37%

  • RELX

    0.0300

    53

    +0.06%

  • RIO

    -0.1400

    59.33

    -0.24%

  • GSK

    0.1300

    41.45

    +0.31%

  • NGG

    0.2700

    71.48

    +0.38%

  • BP

    0.1750

    30.4

    +0.58%

  • BTI

    0.7150

    48.215

    +1.48%

  • BCC

    0.7900

    91.02

    +0.87%

  • JRI

    0.0200

    13.13

    +0.15%

  • VOD

    0.0100

    9.85

    +0.1%

  • BCE

    -0.0600

    22.445

    -0.27%

  • RYCEF

    0.1000

    12

    +0.83%

  • AZN

    -0.1200

    73.71

    -0.16%

War, trade and Air India crash cast cloud over Paris Air Show
War, trade and Air India crash cast cloud over Paris Air Show / Photo: Christophe ARCHAMBAULT - AFP/File

War, trade and Air India crash cast cloud over Paris Air Show

War, tariffs and the Air India crash will cast a shadow over the Paris Air Show as the aerospace industry's biggest annual gathering opens on Monday.

Text size:

More than 2,400 companies from 48 countries are showing off their hardware at the week-long event at Le Bourget airfield on the outskirts of Paris.

The sales rivalry between Airbus and Boeing usually drives the headlines as the world's top civilian planemakers announce many of their biggest orders at the air show.

But this year's event "is much more complex", said Airbus chief executive Guillaume Faury, who also chairs the board of the Gifas association of French aerospace firms that organises the biennial event.

The list of challenges is growing.

Russia's war in Ukraine is stretching into its fourth year and there are fears of a wider conflict in the Middle East after Israel launched strikes on Iran on Friday, disrupting commercial flights across the region.

The world economy is expected to slow sharply after US President Donald Trump launched his tariff blitz in April.

And Boeing is facing a new crisis after Thursday's crash of a 787 Dreamliner operated by Air India in the city of Ahmedabad, which killed at least 265 people on board and on the ground.

Boeing chief executive Kelly Ortberg cancelled plans to attend the Paris Air Show to focus on the investigation into the crash.

Prior to the tragedy, Boeing had been making progress under a new leadership as the US company sought to restore trust after a series of safety and quality lapses.

Boeing and its European rival, Airbus, have also been dealing with delays in delivering aircraft due to supply chain issues.

- Trade war -

US President Donald Trump's tariff onslaught has added to the issues facing the industry, which relies on a global supply chain.

Trump imposed 10 percent tariffs on US imports of goods from nearly every country in April, and steeper levies on dozens of countries could kick in next month.

The Trump administration is also mulling whether to impose sector-specific tariffs of between 10 and 20 percent on civil aircraft and parts.

The heads of Airbus and Boeing have both called for tariffs to return to zero as had been the case since a 1979 agreement.

"The entire Western aerospace industry considers that would be the best that could happen," said Faury.

In a recent interview with trade journal Aviation Week, Ortberg warned that that tariffs are an added cost for Boeing, which has been financially weakened in recent years by production problems.

We're "not in a position to pass those (costs) along to our customers," he told Aviation Week. "I'm hopeful that, as each of these country-by-country negotiations resolve, those tariffs will go away in the long run."

The tariff problems come as the industry has yet to fully recover from effects of the Covid pandemic on its supply chain.

Airbus is having trouble getting enough fuel-efficient engines for its top-selling A320 family of single-aisle jets, holding back the delivery of around 40 aircraft.

The main bottleneck is a lack of toilets for widebody aircraft, said Christian Scherer, the head of Airbus's commercial aircraft division.

- Fighter jets -

The Paris Air Show is also about showing off the latest military hardware, at a time of conflicts in Ukraine and the Middle East.

European countries are boosting defence budgets in the face of the Ukraine war and fears about Trump's commitment to the NATO alliance.

"The geostrategic environment has led us to bolster this aspect which was in the background in previous years," said Gifas head Frederic Parisot.

Some 75 companies related to weapons production will be participating at the show, with military jets, helicopters and drones to be displayed.

Lockheed Martin's F-35 fifth-generation stealth multirole fighter will be featured, along with the Rafale produced by France's Dassault Aviation.

Nine Israeli companies -- fewer than in the past -- are expected to have displays after a French court rejected a bid by NGOs to ban them over their alleged role in the Gaza conflict.

A.Slezak--TPP