March delivery rates show UK aerospace back on track
Above:
Commercial Aircraft Deliveries (Cumulative year-to-date delivery totals, end of month).
While delivery rates for the first quarter of 2016 are down by 5% compared with the same quarter last year, the initial slowdown reflected a shift by manufacturers to the production of new aircraft types.
However, with delivery rates having recovered in March, there is clear optimism that the UK’s aerospace industry will meet the challenge of a backlog which is currently 3% higher compared with the first quarter of 2015.
Paul Everitt (right), Chief Executive of ADS Group, commented: “March’s delivery data demonstrates that the UK’s Aerospace industry continues to gain from its commitment to increasing productivity.
"The impacts of a slow start to the year, as a result of a move by manufacturers to start producing new aircraft, look set to be absorbed and 2016 promises to be a strong year for aircraft deliveries.
“By taking a modern approach to industrial partnerships through the Aerospace Growth Partnership, there exists a climate in which industry can respond to challenges effectively, benefiting from the investment in innovation which drives up productivity, enabling it to compete successfully.”