Aerospace industry: Highest October on record for aircraft orders

A220
A220

The global aerospace industry achieved the highest October on record for aircraft orders – more than three times the amount year-on-year.


The record-breaking 425 orders for the month was led by strong demand in Asian markets, as well as 404 single-aisle aircraft.

The increase in aircraft orders has contributed to the aircraft order backlog rising to above 14,000 for the first time since May 2019. This marks a recovery for the backlog which had declined from a peak reached in January this year.

As the full backlog of orders are fulfilled they are estimated to be worth up to £215 billion to the UK.

Factors including an ongoing trade war between the US and EU, and a global economic slowdown affecting industry, are continuing to affect aircraft deliveries in the aerospace industry.

Only 97 aircraft were delivered in October, down 30% on the same month last year. The total aircraft delivered this year, 970, are worth up to £24 billion to UK industry.

Due to a run of slow deliveries, last month ADS revised its forecast down to 1164 aircraft deliveries in 2019.

ADS chief executive Paul Everitt said: “The big increase in orders seen in October signals a return of confidence to the market as airlines invest in modern, technologically advanced and fuel-efficient aircraft.

“While deliveries this year remain behind original predictions, we expect a return to record production rates in years ahead as manufacturers work to fulfil the more than 14,000 aircraft orders now placed.

“The global aviation market is continuing to grow and there is an opportunity for industry to continue raising the prosperity it generates around the UK. Ahead of December’s General Election, we have asked political parties to build on the successful Aerospace Industrial Strategy, secure a close relationship with the European Union, and invest in long-term innovation to secure the economic benefits from new technology and create a more sustainable future.”

ADS www.adsgroup.org.uk

Company

ADS Group

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