This article is from the source 'bbc' and was first published or seen on . It will not be checked again for changes.
You can find the current article at its original source at http://news.bbc.co.uk/go/rss/-/1/hi/england/7516006.stm
The article has changed 3 times. There is an RSS feed of changes available.
Version 1 | Version 2 |
---|---|
Airshow profits West businesses | Airshow profits West businesses |
(2 days later) | |
Dave Harvey BBC West Business Correspondent | Dave Harvey BBC West Business Correspondent |
The figures are staggering - 256 aircraft were ordered at the Farnborough International Airshow, worth a total of $40.5bn to the European plane maker Airbus. | The figures are staggering - 256 aircraft were ordered at the Farnborough International Airshow, worth a total of $40.5bn to the European plane maker Airbus. |
Behind the headline figure lies an intricate web of suppliers who will spread this money to the corners of Somerset, Gloucestershire and Wiltshire. | |
Mr Hitchings traded business cards with more than 100 potential customers | Mr Hitchings traded business cards with more than 100 potential customers |
One of those suppliers is Tom Hitchings, of Tods Aerospace in Somerset. | One of those suppliers is Tom Hitchings, of Tods Aerospace in Somerset. |
"One hundred and fifty people working in Crewkerne, Somerset, making parts for Airbus, Boeing, Bombardier," Mr Hitchings explains to a potential customer. | "One hundred and fifty people working in Crewkerne, Somerset, making parts for Airbus, Boeing, Bombardier," Mr Hitchings explains to a potential customer. |
"Almost every time you get on a plane you're walking on something we made." | "Almost every time you get on a plane you're walking on something we made." |
He brandishes pieces of carbon fibre taken from a Cathay Pacific 777, and shows me a flap used on the new Airbus military transport plane, the A400M. | He brandishes pieces of carbon fibre taken from a Cathay Pacific 777, and shows me a flap used on the new Airbus military transport plane, the A400M. |
He has been doing this all week and he has traded more than 100 business cards with potential buyers. | He has been doing this all week and he has traded more than 100 business cards with potential buyers. |
Next door is a man holding a very shiny steel ball. It looks like chrome, but chrome is so 20th Century. | Next door is a man holding a very shiny steel ball. It looks like chrome, but chrome is so 20th Century. |
"This is a new cobalt alloy we use which is longer lasting, cleaner and kinder on the environment than chrome", explains Phil Hillinger, sales manager for Deloro Stellite. | "This is a new cobalt alloy we use which is longer lasting, cleaner and kinder on the environment than chrome", explains Phil Hillinger, sales manager for Deloro Stellite. |
"There are four of these bearings on the A380, and they're all covered in this unique finish. And we make it from scratch in Swindon." | "There are four of these bearings on the A380, and they're all covered in this unique finish. And we make it from scratch in Swindon." |
Meeting these men makes me understand something new. | Meeting these men makes me understand something new. |
Every time Airbus sell a plane, people in Swindon, Crewkerne and across the West Country punch the air. | Every time Airbus sell a plane, people in Swindon, Crewkerne and across the West Country punch the air. |
Airbus sold 10 passenger jets to the Gulf airline Etihad | Airbus sold 10 passenger jets to the Gulf airline Etihad |
These are tough times for industry. Oil is soaring, China and India are stealing work, the credit crunch is damping down spending - so who is buying all the planes? | These are tough times for industry. Oil is soaring, China and India are stealing work, the credit crunch is damping down spending - so who is buying all the planes? |
Airbus sold 10 of the giant A380 passenger jets at Farnborough, to the Gulf airline Etihad. | Airbus sold 10 of the giant A380 passenger jets at Farnborough, to the Gulf airline Etihad. |
Of the 256 orders, 155 went either to Etihad or another Gulf firm, Dubai Aerospace Enterprise. As the price of oil soars, it pays to sell to Arabs. | Of the 256 orders, 155 went either to Etihad or another Gulf firm, Dubai Aerospace Enterprise. As the price of oil soars, it pays to sell to Arabs. |
The other big customers at Farnborough this year were Indian and Chinese airlines. | The other big customers at Farnborough this year were Indian and Chinese airlines. |
The explosion of these two countries' economies is causing most British firms grief, but not Airbus. | The explosion of these two countries' economies is causing most British firms grief, but not Airbus. |
"We can't sit here in Western Europe and say these countries shouldn't develop", insists John Leahy, Airbus' chief commercial officer. | "We can't sit here in Western Europe and say these countries shouldn't develop", insists John Leahy, Airbus' chief commercial officer. |
"They're going to develop anyway, and over the next decade air travel will double." | "They're going to develop anyway, and over the next decade air travel will double." |
So Airbus profits from the two factors giving UK Plc a headache at the moment: rising oil prices and 'ChIndia'. | So Airbus profits from the two factors giving UK Plc a headache at the moment: rising oil prices and 'ChIndia'. |
And in a small industrial unit in Crewkerne, they will be raising a glass of Somerset Cider to that. | And in a small industrial unit in Crewkerne, they will be raising a glass of Somerset Cider to that. |
"Whenever Airbus sells a plane, we all benefit," smiles Mr Tom Hitchings, "we don't mind who they sell them to." | "Whenever Airbus sells a plane, we all benefit," smiles Mr Tom Hitchings, "we don't mind who they sell them to." |