Flying high for engineering
The Farnborough International Airshow (FIA) is a showcase to display some of the UK’s most advanced manufacturing. Ed Hill hears how the organisers are helping the industry to generate new business.
Aircraft delivered in 2019 worth £14.5bn to UK industry so far
The global aerospace industry remained strong in the first half of 2019 – 628 aircraft were delivered worth up to £14.5 billion to UK industry.
Widebody aircraft deliveries reached a new record of 200 delivered over the six months.
Challenges in the global aerospace industry have seen deliveries fall behind the pace set in a record 2018, while orders also fell as the backlog of aircraft orders fell to 13,866.
Taking account of the headwinds facing the global aerospace industry for the remainder of 2019, ADS Group has revised down its forecast for 2019 aircraft deliveries by 300 to 1,489 aircraft.
Engines orders remain strong as the backlog increased in the first half of 2019 to 26,578, following a 50% increase in single-aisle engines chosen for single-aisle aircraft in the backlog.
ADS chief executive Paul Everitt said: “The Global aerospace industry continues to set new records, with 200 widebody deliveries during the first 6 months of 2019. This is positive news for UK industry, helping to push the value of global aircraft deliveries to the UK to £14.5 billion.
“The outlook for the second half of the year has been revised down to reflect some specific market conditions and wider concerns about international trade economic disruption.
“Aerospace is a UK success and a strong partnership between industry and Government will be essential to maximise the industrial opportunities from meeting the environmental challenges associated with the global growth in aviation demand.”
ADS Group www.adsgroup.co.uk
Company
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