Accelerating aircraft production delivers £2 billion boost to UK economy
Deliveries of 87 single aisle and 33 wide-body aircraft in October set a new record for the month and took year-to-date deliveries to a total of 1138, the latest analysis from ADS reveals. These deliveries are worth up to £2.4 billion to UK industry.
Deliveries for the first 10 months of the year are worth up to £22 billion, according to the analysis, as the UK continues to benefit from rising global production.
The "encouraging" delivery figures come in the wake of a record-breaking Dubai Airshow, which saw new orders and commitments worth for up to 746 aircraft announced by manufacturers.
Before November’s orders are taken into account, the commercial aircraft backlog stands at 13,365, which will be worth around £210 billion to UK industry as they are built and delivered in the coming years.
On the up
ADS Chief Executive, Paul Everitt, said: “The global aerospace industry is on an upward trajectory and companies in the UK are an integral part of its ongoing success. With £22 billion in value to the UK from more than 1100 aircraft delivered this year, aerospace is making an ever greater contribution to our national prosperity.”
He added: “Our aerospace industry is the envy of our global competitors, which is why the Government must act now to help UK companies drive forward further productivity improvements, making sure the UK aerospace sector can continue to grow and compete despite Brexit uncertainties.”