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Value of aircraft production to hit £8bn in 2017

Value of aircraft production to hit £8bn in 2017

09 Jun 15:00 by Ian Unsworth

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Commercial aircraft deliveries in Jan-Apr this year closely match the production speed from 2016.  406 aircraft have been delivered to customers so far.
 
The estimated value of £8bn to UK industry is the largest amount ever recorded for the first four months of any year.  £5.5bn of the record value is thought to have come from the delivery of 109 wide-body aircraft and another £2.5bn from one single aisle aircraft.
 
This is a welcome boost for both the UK and worldwide aerospace industries, with 13,382 orders now in the backlog.
 
Paul Everitt, ADS Chief Executive, commented: “Aerospace industry production continues to closely match the record figures achieved in 2016 and deliveries of completed aircraft are already worth £8bn to the UK economy this year.
 
“It is vital that to achieve further increases in production rates, we see investment in new technologies and processes to support a real boost in productivity, improving the ability of supply chains to meet high global demand.
 
“There are important choices to be made by the next Government on developing industrial strategy, supporting innovation and creating a world-leading business environment that could help the UK aerospace industry play an even greater role in this global market.”