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A record quarter has lifted aircraft production levels higher than 2015, putting the industry on track to deliver another record year of production.

The figures have been driven by record single aisle delivery production, an area that has risen 32% over five years. Current figures show that the industry has contributed some £7Bn to the economy this year, with some 353 new aircraft rolling off the global production line.

With a change in manufacturing processes and the introduction of new aircraft types, production had a slow start in 2016, however this had been overturned in Quarters two and three, and the industry is on track to guarantee a sixth consecutive year of record-breaking delivery rates.

Paul Everitt, Chief Executive of ADS Group, commented: “Year-on-year aerospace increases its contribution to the UK’s economy, demonstrating the value of investment in R&D, skills and productivity improvements delivered through the Aerospace Growth Partnership.

“The UK’s aerospace industry is seeing demand for new aircraft with 13,235 orders on the books worth more than £200bn to the UK’s national economy. International competition for this high-skill work is fierce; however the resilience shown by the industry this year sends a strong signal about the ability of UK companies throughout the supply chain to compete globally.”

“It is hoped this year’s Autumn Statement will deliver a boost to funding for a key AGP initiative, the Aerospace Technology Institute.”

 

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ADS ADS Group Chief Executive Paul Everitt aircraft Aviation industry production UK

Post written by: Vicky Maggiani

Vicky has worked in media for over 20 years and has a wealth of experience in editing and creating copy for a variety of sectors.


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