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Aerospace

Orders for widebody aircraft take off

Figures released today by aerospace trade body ADS Group show that the first five months of 2015 has seen strong demand for widebody aircraft, with year-to-date orders up by nearly 50% on last year, with these orders worth up to £6bn to UK business.

Deliveries rates for widebody aircraft have increased by 20% on 2014 levels, equating to around £9bn in value. Engine orders for the aircraft have also risen and are up by more than a quarter on 2014 levels.

These figures are the first to be released by ADS since last month’s Paris International Airshow which saw £87bn in aircraft orders which means around £11bn worth of work for UK businesses.

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Paul Everitt (right), CEO of ADS Group said: “Today’s figures demonstrate the significant growth opportunity available to the UK aerospace industry. Strong productivity growth and increasing delivery rates are boosting opportunities at all levels of the UK supply chain.”

“The work of the Aerospace Growth Partnership and its focus on innovation, skills and support for fast growing smaller businesses is helping to keep the UK ahead of tough global competition.”

Deals announced at Paris included orders for more than 430 A320neos, which could be worth up to £4bn to the UK’s Aerospace industry. Boeing also announced a major order for the freighter version of the 747-8 ‘Jumbo Jet’, with UK companies contributing parts ranging from passenger windows, galleys and flight deck interiors.

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One of the most significant orders for UK industry, came from Ethiopian Airlines who confirmed the purchase of six Boeing 787-8 Dreamliners.

The deal could be worth up to £250m to UK industry with British companies making up about 25% of Rolls-Royce powered 787s’ value; this includes Rolls-Royce Trent engines, business class seating, landing gear, and fuel pumps and valves.


 

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