ADS reports rise in aircraft deliveries
The peak in deliveries is attributable to a significant 14% year-on-year increase in September deliveries and clearly signals Industry’s commitment to increasing production rate as demand for new aircraft increases.
Overall, 2014 deliveries so far this year are tracking at 5% higher than the same period last year. It is estimated that these deliveries made could be worth around £15.5bn to the UK, a global leader in the manufacture of some of the most complicated parts of the aircraft.
Paul Everitt (right), chief executive of aerospace trade organisation, ADS Group commented: “There are currently more than 12,000 aircraft on order, which equates to around nine years’ work in hand for the aerospace industry. This puts the sector in a strong position to take a long-term view and invest in the right technology, skills and supply chains to maximise future opportunity.
“For the UK, the priority is to maintain our global position and grow the 3,000 companies and 109,100 individuals that the sector comprises. Our research demonstrates that UK aerospace output is growing 10 times faster than the rest of the economy, making it a critical sector to our nation’s future prosperity. Working with government through the Aerospace Growth Partnership, industry is accessing the support it needs to forge new partnerships, develop new technologies, explore new markets and hire new talent.”
By 2032 it is estimated that more than 29,000 new large civil airliners, 24,000 business jets, 5,800 regional aircraft and 40,000 helicopters will be required. The UK specialises in the development and manufacture of some of the most complicated and high tech parts of modern aircraft, so this requirement means a potential market share of around $600bn for the UK.
To maximise the opportunity, Industry is working closely with government through the Aerospace Growth Partnership to implement a strategy to encourage Research and Technology, accelerate innovation, drive exports and support the supply chain.
