Aerospace sector: Aircraft delivered in 2019 worth £8.5bn to UK economy

The global aerospace industry delivered 93 aircraft in April, helping the running total for the year keep pace with 2018's new production record.

An increase in wide-body deliveries has compensated for a 3.6% fall in single-aisle deliveries. Increased wide-body deliveries have seen a greater value to the UK with deliveries being worth up to £8.5 billion to the UK economy in the year to date.

Challenges in the global aerospace industry, including trade disputes and political uncertainty, mean original forecasts of nearly 1800 deliveries in 2019 may face revision in the coming months.

Year to date aircraft orders reached 162 aircraft after only five new orders were placed in April, but the backlog remains at more than 14,000 aircraft.

ADS Chief Executive Paul Everitt said: “Aircraft deliveries this year are matching the pace set in a record 2018, despite challenges in the global aerospace industry, from trade disputes and protectionism to political uncertainty.

“While the month of April saw new orders delayed as customers take stock, long-term demand for modern, fuel efficient aircraft remains at historic highs, offering UK industry a valuable opportunity for the coming years.

“Aerospace manufacturers are continuing to raise productivity and invest in their own competitiveness to meet strong international demand. They are looking to political leaders to reach solutions to challenges like Brexit and the rising threat of protectionism to help bring confidence back to the market.”

ADS Group www.adsgroup.org.uk