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#Paris Airshow 2023

Paris Air Show Returns with Renewed Focus on Defense Aircraft and Drones

The Paris Air Show makes a triumphant return, known as the “recovery airshow,” after being canceled in 2021 due to the devastating impact of the Covid-19 pandemic on the industry. The show is taking place at Le Bourget airport near Paris and has become a bustling hub, with aircraft manufacturers receiving a multitude of orders and airlines preparing for a record number of passengers this year after the pandemic. With 125,000 square meters of exhibition space, equivalent to nearly 18 soccer pitches, the week-long event is expected to attract around 320,000 visitors. The Paris Air Show, along with England’s Farnborough airshow, which occurs in even-numbered years, is a crucial sales event for the civil and defense industries.

Credits: CNBC

The recent conflict between Russia and Ukraine has led countries to increase their military spending, which could potentially benefit aerospace defense firms. Le Bourget offers a platform for approximately 2,500 companies to announce deals and showcase their latest airplanes, drones, helicopters, and prototypes such as flying taxis.

Credits :Europrop International GmbH at the Paris Air Show (europrop-int.com)

Competing fiercely, Airbus and Boeing have announced orders worth billions of dollars for their aircraft. Over 158 planes, helicopters, and drones will be on display, ranging from the latest long-haul commercial jets to the F-35, the newest US stealth fighter. The United States will have a strong presence with 425 exhibitors, reflecting renewed interest in military equipment following Russia’s invasion of Ukraine. Companies from 46 other nations will also participate, with the exception of Russia due to sanctions. China, having recently lifted Covid restrictions, will also be represented.

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