Global aircraft orders and deliveries remain on steady track
- Aerospace sector recovery remains on a steady track with August a steady month for global aircraft orders and deliveries.
- A total of 30 commercial aircraft orders were placed and 74 aircraft were delivered during the month of August.
- Demand for single-aisle aircraft continues to outstrip wide-body demand as single-aisle market recovers from the pandemic faster.
Following the Farnborough International Airshow in July 2022, global aircraft orders for August 2022 saw a slower month, with 13 single-aisle and 17 wide-body aircraft ordered highlighting the long road to full recovery from the pandemic impact.
Manufacturers delivered 74 aircraft during the month, taking the total the number of deliveries this year to 659 aircraft, a 12 per cent increase on August 2021 year to date. Despite supply chain pressures and the rising cost of energy and raw materials, global aircraft deliveries remain on track to make the ADS Forecast of 997 deliveries by calendar year end.
Aerospace sector recovery continues to make steady progress with year-to-date aircraft orders the largest for the first months of the year since 2014. The backlog of aircraft orders is 4 per cent higher than August 2021 at 13,393 aircraft and is worth £207 billion to the United Kingdom.
During August, across Europe flight departures and arrival numbers stood around 11 per cent lower than pre-pandemic levels, while UK numbers were around 15 per cent lower during the month. Flight numbers relative to pre-pandemic figures have been consistent and stable for a period of several months from late Spring into levels holiday season.
ADS Chief Executive, Kevin Craven said:
“With year-to-date figures in line with expectations, overall figures for 2022 remain encouraging, but a reminder that full recovery from the pandemic impact is a long way off.
“The International Civil Aviation Organization (ICAO) General Assembly taking place through September and October is a very important opportunity for the global aerospace industry to come together and press ahead with our net zero aviation ambitions.
“It would be good to see the Assembly build upon the Paris Agreement and its commitment to net zero by 2050 and the work to develop global policy that matches industry’s decarbonisation ambitions.”