Global aircraft orders for July 2022 saw a very strong month, with deals for 526 single-aisle and five wide-body aircraft signed.
The strong order numbers were driven by announcements made at Farnborough International Airshow, the UK’s largest tradeshow and the first major European Airshow to return since 2019.
During the airshow week 277 aircraft were ordered and later in July, one East Asia country placed a large order which accounts for circa 80 per cent of the July order book. The high order numbers are a significant indication of the continued global aviation sector recovery in market demand and confidence.
72 aircraft delivered
Manufacturers delivered 72 aircraft during the month, taking total deliveries this year to 585 aircraft.
While deliveries showed a slight 4 per cent decline compared to the month of July 2021, this was attributed to summer shutdowns, holidays, and altered working patterns following recent rate ramp up announcements.
With year-to-date aircraft orders the largest for the first seven months of the year since 2014, the backlog of aircraft orders remains above 13,000. The current backlog of 13,460 aircraft in July 2022 could be worth up to £209 billion to the UK aerospace industry.
UK departures and arrivals level off
UK flight departures and arrivals have levelled off at 15 per cent down on pre-pandemic statistics.
ADS chief executive Kevin Craven said: “July saw the more than 500 aircraft orders, the highest since 2014 as the market continues to recover from the challenges of the last two years and ongoing supply chain disruption.
“Many of these orders were announced at Farnborough International Airshow, where the UK welcomed the world’s aerospace, defence, and space industries to meet, discuss and lay out plans to address the pressing issues of industry, including net zero by 2050.
“There is opportunity for the global ambition of trans-Atlantic net zero flight to be spearheaded by the UK, accelerating sector recovery and net zero by 2050. Government and industry must work together to ensure the UK’s net zero services, technologies, and capabilities are fully realised.”
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