World's largest air show takes off

The Farnborough Air Show will see high profile orders for Boeing and Airbus. FlyDubai has already ordered 50 Boeing 737-800 for USD 3.74 billion.

Other possible buyers may be Etihad Airways, Qatar Airways, All Nippon Airways, British Airways and International Lease Finance Corporation.

Akanksha Banerji caught up with Vijay Mallya, Founder, Kingfisher Airlines aboard the brand new A330 flight, "In about six weeks we are going to start our India to London Heathrow services. So it’s an exciting time, it’s also challenging because of what is happening in the world with the oil prices. I can also fly the Kingfisher narrow bodies to the Middle East and to the South East Asia, where yields are better and fuel is cheaper. So all in all, we are looking forward to commencing international operations, I think that it will significantly improve our operating economics as well."

"We have 10 wide body aircrafts due for delivery over the next eight weeks. We have none in 2009, the tax on the Aviation Turbine Fuel (ATF) is just killing the whole industry including us," he added.