Aircraft production value to UK hits £8bn for 2017
Commercial aircraft deliveries in the first four months of the year continue to closely match the production pace set in 2016, with 406 aircraft delivered to airlines so far. Commercial Aircraft Deliveries (Cumulative year-to-date delivery totals, end of month):
An estimated value of £8bn to UK industry is the highest figure on record for January to April, with £5.5bn attributed to deliveries of 109 wide-body aircraft and a further £2.5bn to single aisle aircraft.
The figures maintain a positive outlook for the aerospace sector in the UK and around the world, with the backlog of orders standing at 13,382.
ADS Chief Executive Paul Everitt said: “Aerospace industry production continues to closely match the record figures achieved in 2016 and deliveries of completed aircraft are already worth £8bn to the UK economy this year.
“It is vital that to achieve further increases in production rates, we see investment in new technologies and processes to support a real boost in productivity, improving the ability of supply chains to meet high global demand.
“There are important choices to be made by the next Government on developing industrial strategy, supporting innovation and creating a world-leading business environment that could help the UK aerospace industry play an even greater role in this global market.”