# Skift's Farnborough Cheat Sheet: Key Aircraft Deals Explained
The Farnborough International Airshow delivered fewer aircraft orders than industry hype suggested, with most spending concentrated among cargo operators and leasing companies rather than passenger airlines. This pattern reveals shifting priorities in commercial aviation as carriers navigate post-pandemic recovery and rising fuel costs.
Major announcements at Farnborough focused heavily on freight operations and aircraft leasing firms stockpiling inventory. Companies like FedEx and cargo-focused airlines placed substantial orders, reflecting booming demand for air freight services. Traditional passenger carriers showed restraint, with many deferring large purchases until economic conditions stabilize.
The disparity between headline announcements and actual passenger airline commitments reflects broader industry caution. Airlines face persistent pressure from labor costs, jet fuel volatility, and uncertain demand forecasts. Many opted to extend leases on existing aircraft or negotiate delayed delivery schedules rather than place firm orders for new planes.
Aircraft manufacturers Boeing and Airbus still secured deals at the show, though order volumes trailed previous years. Both companies focused on sweetening financing terms and delivery schedules to attract buyers facing budget constraints. Airbus announced several A320neo family commitments, while Boeing pushed its 787 Dreamliner and 737 MAX variants.
The leasing company dominance reflects a structural shift in aircraft ownership. Firms like Air Lease Corporation and GECAS actively purchase aircraft to lease to carriers, essentially financing the industry's fleet renewal. This arrangement allows airlines to preserve cash and flexibility while still accessing modern, fuel-efficient planes.
For travelers planning trips, this means slower fleet modernization at some carriers. Airlines unable to order new aircraft will continue operating older models longer, potentially affecting cabin experience and fuel efficiency. Premium cabin travelers may notice continued delays in retrofit programs as carriers prioritize essential maintenance over cabin upgrades.
Cargo