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

EUR -
AED 4.327184
AFN 81.300312
ALL 97.089294
AMD 451.417189
ANG 2.10957
AOA 1080.469334
ARS 1727.359565
AUD 1.766968
AWG 2.120878
AZN 2.010404
BAM 1.960076
BBD 2.372276
BDT 143.371588
BGN 1.956969
BHD 0.444261
BIF 3469.992518
BMD 1.178266
BND 1.509493
BOB 8.156796
BRL 6.265426
BSD 1.17787
BTN 103.808487
BWP 16.639303
BYN 3.988302
BYR 23094.00793
BZD 2.368868
CAD 1.622177
CDF 3367.483704
CHF 0.934602
CLF 0.02858
CLP 1121.202271
CNY 8.388065
CNH 8.380645
COP 4604.744876
CRC 593.294435
CUC 1.178266
CUP 31.224041
CVE 111.022116
CZK 24.311184
DJF 209.401389
DKK 7.463919
DOP 74.171603
DZD 152.744834
EGP 56.779687
ERN 17.673986
ETB 169.552081
FJD 2.633654
FKP 0.865987
GBP 0.86477
GEL 3.198059
GGP 0.865987
GHS 14.410455
GIP 0.865987
GMD 83.069646
GNF 10203.781375
GTQ 9.028699
GYD 246.42765
HKD 9.16537
HNL 30.823701
HRK 7.536071
HTG 154.126269
HUF 389.518119
IDR 19310.891299
ILS 3.946778
IMP 0.865987
INR 103.742584
IQD 1543.528081
IRR 49546.072864
ISK 143.206235
JEP 0.865987
JMD 189.172732
JOD 0.835402
JPY 173.160291
KES 152.234425
KGS 103.039288
KHR 4721.311295
KMF 493.097663
KPW 1060.447831
KRW 1625.240588
KWD 0.35956
KYD 0.981542
KZT 636.558828
LAK 25533.01778
LBP 105513.694083
LKR 355.776224
LRD 209.937477
LSL 20.443006
LTL 3.479113
LVL 0.712721
LYD 6.356688
MAD 10.579354
MDL 19.593749
MGA 5272.739296
MKD 61.623162
MMK 2473.278308
MNT 4238.365816
MOP 9.43749
MRU 47.042254
MUR 53.4347
MVR 18.022151
MWK 2046.647649
MXN 21.621388
MYR 4.956376
MZN 75.288332
NAD 20.454896
NGN 1767.433574
NIO 43.254019
NOK 11.567229
NPR 166.093378
NZD 1.9731
OMR 0.45305
PAB 1.17787
PEN 4.115093
PGK 4.921031
PHP 67.096336
PKR 331.622997
PLN 4.249523
PYG 8409.347304
QAR 4.289771
RON 5.062533
RSD 117.19062
RUB 97.793179
RWF 1703.772218
SAR 4.419634
SBD 9.681828
SCR 17.473741
SDG 708.725815
SEK 10.918376
SGD 1.507084
SHP 0.925932
SLE 27.483048
SLL 24707.647138
SOS 673.378455
SRD 46.117912
STD 24387.721302
STN 24.979233
SVC 10.306399
SYP 15319.64444
SZL 20.442813
THB 37.381069
TJS 11.136598
TMT 4.12393
TND 3.413446
TOP 2.759611
TRY 48.678983
TTD 7.994442
TWD 35.43104
TZS 2899.36082
UAH 48.530471
UGX 4128.006381
USD 1.178266
UYU 47.272737
UZS 14586.929273
VES 188.813987
VND 31082.649448
VUV 140.429528
WST 3.253077
XAF 657.39128
XAG 0.027583
XAU 0.00032
XCD 3.184322
XCG 2.122832
XDR 0.819242
XOF 656.891903
XPF 119.331742
YER 282.308319
ZAR 20.432217
ZMK 10605.80429
ZMW 27.826712
ZWL 379.401078
  • RBGPF

    -1.2700

    76

    -1.67%

  • SCS

    0.0600

    16.87

    +0.36%

  • BCE

    -0.4700

    23.69

    -1.98%

  • CMSC

    -0.0400

    24.32

    -0.16%

  • BCC

    -0.5600

    85.12

    -0.66%

  • JRI

    -0.0365

    14.06

    -0.26%

  • RELX

    0.3600

    46.86

    +0.77%

  • GSK

    -0.5300

    40.3

    -1.32%

  • NGG

    0.0200

    71.62

    +0.03%

  • RIO

    1.2800

    63.72

    +2.01%

  • CMSD

    0.0500

    24.45

    +0.2%

  • RYCEF

    0.2200

    15.64

    +1.41%

  • BTI

    -0.5600

    56.03

    -1%

  • VOD

    -0.0400

    11.81

    -0.34%

  • BP

    0.3200

    34.21

    +0.94%

  • AZN

    -1.5100

    78.05

    -1.93%

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