Large aircraft orders keep UK industry buoyant
This October, 94 new aircraft orders were placed worth up to £2.7bn for the UK’s aerospace industry. In total, 1,476 new aircraft have been ordered throughout 2015 reflecting the continuing trend by airlines to replace old aircraft with cleaner, greener and more efficient fleets.
To meet this rising demand, aircraft production rates continue to grow having risen by 40 per cent over the past five years. This year has seen 1,133 aircraft delivered worth £19bn to the industry, and a healthy order book of 13,000 aircraft represents nine years work-in-hand.
Chief Executive of ADS Group, Paul Everitt (right), commented: “The UK aerospace industry is a global success story and a major contributor to our economy.
"October was another strong month for orders and deliveries.
"The strong support from UK Government for aerospace R&D is helping secure high value, long-term jobs in the UK and ensuring we maintain our global competitiveness.
“The work of the Aerospace Growth Partnership is encouraging investment in skills, R&D and productivity to help keep the UK ahead of its competitors and deliver benefits to companies across the sector.”