Farnborough Air Show Preview: Up to 500 Orders Potentially Coming Home

Research evidence excerpt

Farnborough Air Show Preview: Up to 500 Orders Potentially Coming Home

USA | Aerospace & Defense Electronics EquityJulyResearch13, 2026

Exhibit 2 - We Identify ~500 Potential OrdersFarnborough Air Show Preview: Up to 500

Across Seven Carriers Or ~2% of the Active

Passenger & Cargo FleetOrders Potentially Coming Home Operator Narrowbody Widebody Total Fleet Potential Orders % of Fleet Firm Orderbook % of Fleet

1 American Airlines 893 137 1,030 50 5% 283 27%

2 Turkish Airlines 244 169 413 150 36% 344 83%

3 Cathay Pacific 17 163 180 50 28% 95 53%

4 Saudia 68 107 175 150 86% 151 86%

5 Singapore Airlines 24 142 166 50 30% 43 26%

Qantas 86 54 140 20 14% 86 61%The Farnborough Air Show 2026 is home to 28% of all air show aircraft 67 Etihad Airways 46 85 131 10 8% 113 86%

8 Philippine Airlines 26 25 51 20 39% 20 39%

Subtotal 1,404 882 2,286 500 22% 1,135 50%

Other Operators 20,818 5,992 26,810 14,883 56%orders since 2010, averaging 577 orders per event, including the record of . Total Fleet 22,222 6,874 29,096 500 2% 16,018 55%

1,109 in 2018. We tally nearly 500 potential orders this year across Singapore Source:estimatesCompany data, Cirium® Hosted Service, Jefferies

Airlines, Qantas, Philippine Airlines, American Airlines, Saudia, Cathay Pacific

Exhibit 3 - Farnborough Air Show Orders

and Turkish Airlines. Average 577 per Year Since 2010

Farnborough Air Show

Backlogs Into the 2030s. Cumulative commercial backlogs across Airbus (58% share) and Boeing Orders and Commitments

(42% share) total ~16,000 aircraft (Ex 5), representing ~50% of the in-service passenger and cargo Airbus BA Total

2010 307 248 555

fleet. JEFe average industry deliveries of 1,887/yr in '26-'28 would represent ~9 years of backlog

coverage into the early 2030s.