Paris Air Show: Aircraft orders give UK £8bn boost
The second day of the Paris Air Show saw orders and commitments for new aircraft worth £40bn globally and an expected £4.3bn to UK industry.
Boeing’s 737 MAX family won more than 200 orders and commitments, signalling good news for UK suppliers of major components for the model.
A successful second day has put the combined total of orders, commitments and options at a value of around £85bn globally, with up to £8.2bn in expected benefit for UK industry.
The second day of the Paris Air Show saw 468 aircraft orders and commitments announced by the global aerospace industry, putting the total for the first two days of the show at more than 900.
The biggest component of the orders and commitments announced today as the global aerospace industry gathered in Le Bourget was for Boeing’s 737 MAX family.
UK companies are set to benefit directly from more than 200 orders and commitments announced for the 737 Max, producing crucial components including GKN’s fuel-saving advanced technology winglets, as well as emergency lighting systems, engine sensors and flight control actuators.
ADS Chief Executive Paul Everitt said:
“This week’s Paris Air Show is seeing major new business announced by airlines and manufacturers, worth £8.2bn to the UK’s globally competitive aerospace sector.
“Right across the UK there are aerospace companies supplying critical systems and components that will ultimately fly in hundreds of the aircraft manufactured as a result of orders and commitments made so far this week.
“Manufacturers like Airbus, Boeing and Bombardier rely on our aerospace sector to deliver high-quality advanced products for their aircraft, and our industry’s innovation and productivity growth are contributing to a positive outlook for the sector right around the world.”
The second day of the Paris Air Show also saw Trade Minister Mark Garnier visit the UK Pavilion in support of the more than 80 companies exhibiting there, following BEIS Minister Richard Harrington’s visit to the Pavilion on Day 1.
The UK has the largest aerospace sector in Europe, with an annual turnover of £31.8bn. In the first four months of this year, deliveries of new aircraft were worth up to £8bn to the UK, and the global backlog of orders remains close to record highs.
Notes to Editors
1. ADS Group is the UK trade organisation representing the aerospace, defence, security and space sectors.
2. The Paris Air Show at Le Bourget runs from Monday 19 to Sunday 25 June. There are 88 UK companies exhibiting in the UK Pavilion, coordinated by ADS.
3. The UK Aerospace Outlook 2017 report was published by ADS last week and is available at: https://www.adsgroup.org.uk/facts/uk-aerospace-outlook-report-2017/