Dubai Airshow Orders £9bn Boost to UK Aerospace
Aerospace manufacturers have enjoyed a strong week of orders for new aircraft at the Dubai Airshow 2017, promising a multi-billion pound boost to UK industry.
The week saw orders, commitments and agreements for 746 aircraft announced by international manufacturers, with a global value of £63bn.
The UK’s aerospace sector will be one of the biggest beneficiaries, with orders announced this week by Airbus, Bombardier and Boeing reaching an estimated £9bn value to UK industry.
Major announcements at this week’s Dubai Airshow included:
Airbus’s largest single commercial announcement ever, a Memorandum of Understanding signed with Indigo Partners for 430 A320neo aircraft, worth $49.5bn
Flydubai signing a commitment for 175 Boeing 737 MAX aircraft and purchase rights for an additional 50, worth $27bn at list prices.
Bombardier’s letter of intent with EgyptAir for up to 24 CS300 aircraft, worth a potential $2.2bn at list prices.
ADS Chief Executive Paul Everitt said:
“Aircraft order books have received a welcome boost this week and UK companies will play a major role in delivering these orders in the years ahead.
“We are seeing there is sustained high global demand for new aircraft, as new routes are opened and more passengers take to the skies around the world.
“This week’s announcements at the Dubai Airshow are another vote of confidence in the global aerospace industry and in our world-leading industry here in the UK.”
The Dubai Airshow ran from 12 to 16 November, with the UK Pavilion, coordinated by ADS, seeing 13 UK companies exhibiting, including Cobham, Martin-Baker and Qinetiq.