Paris Air Show: UK Pavilion Roundup - Day 3
Across the show today, 160 orders were announced totalling £15bn - which could be worth around £1.5bn to UK industry. This brings the total so far for the Paris Airshow up to £70bn, worth around £9.5bn to the UK.
A significant order came from Ethiopian Airlines who confirmed the purchase of six Boeing 787-8 Dreamliners. The deal could be worth up to £250m to UK industry with British companies making up about 25 per cent of Rolls-Royce powered 787s’ value, this includes Rolls-Royce Trent engines; the business class seating; landing gear, and fuel pumps and valves.
The UK’s aerospace sector has grown by 35 per cent in the past five years and has seen a productivity increase of 50 per cent since 2009, vastly out-pacing the UK economy which grew by just four per cent over the same period.
Breakdown
- Regional Aircraft = 5 deals – worth between £8 –£ 10m to UK industry
- Single Aisle = 129 deals – worth between £700 – £850m to UK industry
- Widebody = 26 deals – worth between £500 – £650m to UK Industry.
Total Breakdown for Monday – Wednesday
- Regional Aircraft = 207 deals – worth between £300 – 450m to UK industry
- Single Aisle = 613 deals – worth between £3.5 – 4bn to UK industry
- Widebody = 132 deals – worth between £4.5 – 5bn to UK industry.
Paul Everitt, CEO of aerospace trade organisation ADS Group says: “UK industry can celebrate a great Paris Airshow, there has been a number of headline deals that will translate into lucrative opportunities for companies throughout the supply chain.
“The UK Pavilion has seen an intense amount of business with 80 midcaps and SMEs working hard to seize the global opportunities on offer here, strengthening Britain’s fast-growing aerospace sector by securing long-term work that translates into high-skill, high-value employment.”
Detail on UK supply chain opportunities:
- Deals for 240 Boeing 737-Max’s were announced across the three days. The UK is a significant supplier into the platform – with GKN producing the advanced technology winglet for the 737-MAX, and other UK companies supplying engine sensors, flight control actuators, thrust reverse actuators, and heat exchangers.
- Deals for more than 230 A320neos were announced by Airbus, which could be worth up to £1.8bn to the UK’s Aerospace industry. Over £100m is being invested in the A320 wing assembly line at Airbus in Broughton, North Wales in order to equip the factory with new, semi-automated pulse line technology systems to improve efficiency and ensure readiness for a ramp-up in production levels.
- On day three, a major order for the freighter version of the 747-8 ‘Jumbo Jet’ was announced by Boeing. This deal will help to maintain on-going production of the 747-8, with UK companies contributing parts ranging from passenger windows to galleys, and flight deck interiors.
Background
- The UK’s aerospace sector is the largest in Europe with an annual turnover of £29.2bn
- The UK’s has a 17 per cent share of the global market, with £26.3bn generated last year through exports
- Locations the UK exports to include North America, the Middle East and Asia.