Farnborough reveals multi-billion euro plane deals

File photo of Boeing employees crowding the tarmac as the company's 787 Dreamliner taxies down the runway Reuters

Aerospace industry rivals Boeing and Airbus announced multi-billion euro deals on Monday at one of the world's biggest aviation trade events in Farnborough outside London.

Dubai’s Emirates put in an order for 30 Boeing long-range 777 aircraft worth a combined seven billion euros.

Airbus meanwhile won a 3.3-billion-dollar order from US group Air Lease Corporation [ALC] for 51 single-aisle A320 jets.

The orders for US aerospace giant Boeing and its fierce European rival Airbus come as the aviation industry recovers from the economic downturn and amid rising demand for air travel in the Middle East and Asia.

The Farnborough show near London  is renowned for being an arena for major deal announcements.