UK aerospace industry profits from commercial aircraft delivery increases
Data from aerospace trade organisation ADS Group shows that this has been a record January for deliveries, amounting to a total of 86 commercial aircraft delivered worldwide. With the UK aerospace sector comprising 17% of the global market share, this has a significant impact on UK business.
The new figures also show that the aircraft backlog continues to grow, having increased by 14% over the last 12 months. The total backlog, which now stands at 12,848 and has been driven by increasing demand for new, fuel efficient Single Aisle Aircraft, is worth up to £180bn to the UK alone.
Annual figures released by ADS Group last month showed that the backlog represents more than nine years work in hand to the UK aerospace industry.
Paul Everitt (right), chief executive of aerospace trade organisation, ADS Group, commented: “The UK aerospace sector continues to go from strength to strength. These latest figures are indicative of the commitment of airlines to invest in new, more environmentally efficient aircraft.
“The Aerospace Growth Partnership continues to play a vital role in strengthening the sector. As outlined in our manifesto launched by ADS Group last month, we hope that the next Government continues to invest in growth by focusing on innovation, skills and supply chains. This will allow the UK to have the technology, people and growth that will continue to strengthen its competitive advantage in fast-growing global markets.”
Data summary:
• Aircraft deliveries up 2% to 86 compared to January 2014 (65 Single Aisle and 21 Widebody)
• Engine deliveries up 4% to 179 compared to January 2014
• Aircraft backlog up by 14% over the last 12 months – adding over 1,500 aircraft to make a total backlog of 12,848
• Value of record January delivery figures worth around £1.3bn to UK’s Aerospace Industry
• The data reflects the expected slowdown in orders given the overall size of aircraft backlog
