The bi-annual Farnborough International Airshow has started and traditionally the Paris Air Show, Farnborough International Airshow and Dubai Airshow are used as a stage to announce big orders. In this article I will have a look at the order inflow on Day 1 of the air show and notable news items. In the coming days I will be covering news and orders for Boeing ( NYSE: BA ), Airbus ( OTCPK:EADSF ), COMAC, Embraer ( ERJ ) and Bombardier ( OTCQX:BDRAF ). Boeing Besides order news, Boeing announced it will be stretching the Boeing 737 MAX 7 on customer request. Although this could have played a role, I am certain that it has to do with the competitive pressure Boeing is facing for its narrow body family. The firm orders have a catalog value of $960 million, the market value will be closer to $465 million. The Memorandum of Understandings and LoIs (Letter of Intent) carry a catalog value of $7.5B and market value of $3.6B.