it is now under way in the u.k., and boeing and airbus have taken the occasion to announce new orders worth more than $15 billion. the deals have been seen as a sign the aviation industry is on its way back up after a fire two-year slump. -- dire two-year slump. >> the first day is then full flow now with expectations but by the end of this week about 400 new planes will see orders here curator -- orders here. many are flying for the first time. with us is the leading u.s. leader. what do you think is going to happen in terms of orders and general affairs? >> what a difference a year makes. last year was a very bleak time. now we are seeing surging travel levels. gross is happening throughout the world. last year we have interest asia travel surpass north america for the first time. it is broad spread. it is not just the middle east. latin america have been very strong. turkey has been strong. >> the new move is music to the ears of airplane makers like boeing. >> i think from airbus and boeing, you are going to see a lot of orders announced. i think we are starting to see the of swin

bbc news. >> the air show, the biggest of its kind is under way in britain and the biggest aircraft makers, boeing and airbus have announced orders worth over $15 billion. they're seen as a sign the aviation industry is on the way back up after a dire two-year slump. from a the air show, nigel cassidy sends this report. >> welcome to the first detroit day is in full flood now with expectations that maybe by the end of this week about 400 new planes will be ordered here. a lot of interest for example in the airbus a-400 and the military transporter from airbus finally here and flying for the first time. with me now here is rom wayneshill. what do you think the mood is going to be in terms of orders and the general feel of things? >> what a difference a year makes. last year was a very bleak period. now we're seeing resurgence, travel levels above the peak in 2008, growth is happening throughout the world particularly from the developing economies, in fact, last year we had intraasia traffic eclipse north american travel for the first type. 2k3457bd is not just the middle east, coming out of lat up american pe

contract to supply the two planes to an indonesian carry off the air show has also featured airbus and boeingsales worth around twenty three billion dollars. that's it for me you can always find more stories on our website at r.t. dot com slash business. culture is that so much of the taxpayers' money i mean i says the real mystery has been a it's been fighting a deadly virus with the endless funding of big pharma how much consensus is. not let. me. love my son. in law. for the full. face to face with the new.

signing a contract to supply the two planes to an indonesian carrier the asia has also featured airbus and boeing sales worth around twenty three billion dollars. that's it for me you can always find more stories on our web site at r.t. dot com slash business. that may. be. the blood. bath. wealthy british style. sometimes gets credit. card. find out what's really happening to the global economy with. global financial headlines. first.

contract to supply the two planes to an indonesian carry off the air show has also featured airbus and boeing sales worth around twenty three billion dollars. that's it for me you can always find more stories on our web site at r.t. dot com slash business. the term that started off toward noon and lasted for almost a food's ias jewel of two superpowers and two million grains. a bottle of the contents to life forms to live the spoons congress on t.v. . every month we give you the future we help you understand how we'll get there and what tomorrow brings the best in science and technology from across russia and around the world. join us for technology update on our g. i've. got to back here with you here's a look at the top stories and.

and the euro going for 1.2942 u.s. cents. if you watching the executives from boeing and airbus this week, you would probably think things are looking up for the aviation industry, and you are right. on monday both aircraft makers racked up billions of dollars of deals at the international air show. we have more. >> farnborough off to another impressive start with the airbus circling among investors. down below the cboe was signing off on deals with american client. two american leasing companies ordered a total of 111 airbus airliners. together with aeflot deal, some $10 billion. u.s. rival boeing got a firm boost when a $9 billion deal was confirmed the with the by-based emirates, 30 long-haul 777's. but boeing's main hopes are riding on the new 787 dreamliner which made its european date -- debut. this test version is packed with sophisticated and the spirit it is collecting the test flight data needed for analysis before it goes into cereal production, a full two years behind schedule. >> the boeing company is always accompanied that innovate. it is always pushing technology. maybe we took a little more risk on this airp

and special effects. coming away with done away. welcome to business the former international air show has opened with a flurry of orders the two biggest manufacturers boeing and airbus have taken the law and share but there's also been plenty of business for russian companies our correspondent reports. airplanes of all shapes and sizes are taking to the skies over the south of england this week as farm bray international ash brings technology to life russia's biggest aviation industry players are represented at farnborough not just aeroflot and sukhoi superjet but also titanium make. the russian defense super corp defense important export company but on export and russian helicopters it was a successful beginning to the show for russian helicopters which sold four machines to an indian company a new direction this was a commercial market for us it's a perk that the new market with care of several commercial critical. but it's not a big quantity for such big confusion canonically developed ontario's india so we are putting additional forces on this market among the russian related deal scientists so far aeroflot placed an order for eleven airbus planes for around a b

last for short medium and long range airliners at this point in the united aircraft corporation cannot alone for air flow planes that would be able to compete against boeing or airbus should just be so in the future we would like to share more civil points to offer but to date with your forty's our strategic partner for regional class planes . they should choose what's made this medium range sukhoi superjet project nor successful event. tuple if t u three thirty four if i got its name right there no one particular well that's because we design our plane for the future is not for today and another thing when you launch a new project you have to keep it short well you can take ten years to design a new plane or they will have to keep it short. some say is because two people have did everything on its own up while saeco used for in technology. from the very outset and so we decided that we wanted our products to have international certificates we wanted to have an airplane that we would be able to offer to both domestic and foreign customers consequently we had to impose strict requirements on our contractors before they had to provide international certificates for t

boeing is at a three and a half week high after today's 5% jump. it added 103 new plane orders from the farnborough international air show in the u.k. this week. competitor airbusraised its new-order target for the year. bringing up the rear for the index was travelers insurance. midwest storms last quarter hurt its financial performance. profits were a penny light as bad weather took its toll. travelers also brought down the high end of its yearly forecast as commercial policy renewal premiums are not meeting expectations. shares saw heavier volume on today's weakness. the stock has traded between 48 and 52 since late april. three other dow components turned in their financial report cards today. 3m beat the street and raised its guidance again. shares were up 3%. at&t's results were better than expected. wireless subscriber growth continued, but it slowed from previous quarters. at&t was up 2%, and caterpillar was up more than 1% after much better than predicted profits. cat also raised its yearly guidance. pardon the pun, but transportation was moving with earnings from airlines, a railroad and u.p.s. a higher volume of packages at u.p.s. helped it easily be