in Aerospace

Latest figures keep aerospace on track

Posted 28 May 2018 · Add Comment

April saw 96 aircraft deliveries worth up to £2 billion to UK industry, taking the total deliveries for 2018 so far to 406, with a total value to the UK of up to £7.5 billion.



Industry forecasts put the aerospace sector on track to deliver more than 1700 aircraft this year, well ahead of 2017’s record total of 1498, which was worth £29bn to the UK companies who are vital to this global industry.

April saw 146 orders placed, pushing the 2018 total to 469, the largest number at this point in the year since 2014. Widebody aircraft have seen 127 orders in the year to date, an especially strong performance that promised a future economic boost to the UK of £6 billion as the orders are fulfilled.



ADS Chief Executive Paul Everitt said: “The global aerospace industry continues to grow to meet strong international demand for modern, efficient and technologically advanced aircraft. We expect 2018 will see a new record for deliveries, bringing billions of pounds in economic benefit to the UK.

“As production continues to be stepped up in the years to come, we must make sure we maximise our ability to compete for new investment in capacity to produce more of the wings, engines, avionics and other critical components we make so successfully today.

“April’s aircraft deliveries were worth up to £2 billion to UK industry but creating new burdens for business under a 'maximum facilitation' customs arrangement could cost our four sectors up to a combined £2.3bn a year.

“It is vital for the UK and EU to reach an agreement on a customs deal that preserves friction-free cross-border trade and imposes no new burdens that could threaten future growth.”

 


 

* required field

Post a comment

Other Stories
Advertisement
Latest News

Bombardierís Global 7500 reaching completion

Bombardier has announced that Global 7500 aircraft started arriving at the companyís Montreal facilities last month, where high-precision completion work is now being carried out.

Direct flights from DSA to Belfast take off

Doncaster Sheffield Airport (DSA) saw the start of a new Flybe route direct to Belfast jetting off from today.

Gatwick launches Summer Festival

London Gatwick has launched its first ever airport-wide festival to celebrate the start of the British summer.

Cardiff Airport enjoys 15 months consecutive growth

The national airport for Wales is continuing on its positive journey of transformation and this week announced 15 months of consecutive passenger growth, with over 1.51 million flying from Cardiff.

Cobham launches new X-Band coaxial limiter

Cobham Advanced Electronic Solutions has announced the launch of the ACLM5022C110, a new 8 to 12 GHz X-band coaxial limiter, providing high performance in a compact package.

Sigma's New Product Introduction and R&D team set to drive innovation

Aerospace manufacturer Sigma Components is working in partnership with OEMs and Tier 1 suppliers on new technologies to drive innovation and environmental performance in the aerospace sector, via its New Product Introduction and

Air & Ground SK1704230718
See us at
AdvancedEngin BT1406011118DVD18BT3105200918SMI GMSCBT3005081118FIL18 BT111017220718SMIFAVSBT151118