- Total deals announced so far at Farnborough International Airshow 2024 are worth at least £13bn to the UK at current prices
- Overall, £81.5bn worth of deals have been agreed at the biennial Airshow this week
- 260 total firm commercial aircraft orders were made across the show’s first four days
Farnborough International Airshow (25 July 2024) – Deals announced across the first four days of the 2024 Farnborough International Airshow were worth a total of £81.5bn, according to ADS Group. The trade association for the UK’s aerospace, defence, security and space sectors highlights that the deals agreed are worth an estimated £13bn to the UK.
The 260 firm aircraft orders alone are worth £6.4bn for the UK, while 808 firm engine orders are worth at least another £1.2bn to the UK at current prices.
Aimie Stone, Chief Economist at ADS said:
“With record industry attendance at the Farnborough International Airshow, the heightened attention towards the world’s aerospace and aviation ecosystem is largely behind this mammoth show of commitment to our sector. Adding to this, the firm commitment to 260 new aircraft highlights industry’s confidence, resilience and buoyancy.
“With demand for aircraft still outpacing the amount we are able to fulfil, it’s clear that the new government’s need to address the challenges that are currently holding back our sector’s ability to deliver its full potential and impact to our economy.”
ADS recently released its Aerospace Sector Outlook, showcasing the sector’s value add of £10.9 billion to the UK economy, an increase of 16% compared to 2013 figures. The figures highlight 104,000 direct jobs in the aerospace sector, with a median salary of £48.7k – 39% higher than UK average, with the vast majority (88 percent) located outside of London and the Southeast.
