Engineering news
Deliveries of commercial aircraft and order backlogs have hit record levels across the world, according to a new report.
UK aerospace trade group ADS said the industry was in a strong position, with around nine years of work in hand thanks to a record backlog of almost 21,000 engines and 11,300 aircraft, double digit increases on a year ago.
Paul Everitt, chief executive of ADS, said: "In the year since the Aerospace Growth Partnership (AGP) launched its industrial strategy, a record 1,290 large commercial aircraft and almost 2,700 large jet engines have been delivered. The 10% increase in deliveries recorded so far this year demonstrates the strength of the sector and the opportunities for UK industry.
"In his recent Budget, the chancellor reiterated the importance of advanced manufacturing to achieving sustainable UK economic growth and began the process of shifting the basis of the recovery towards high-value, export-led growth.
"In the past year, the AGP has already proven its ability to deliver and we expect the strategy will continue to sustain and grow thousands of high value, skilled jobs in the UK well into the future."
ADS said that by 2032 it is estimated that more than 29,000 new large civil airliners, 24,000 business jets, 5,800 regional aircraft and 40,000 helicopters will be required.
This requirement means a potential market share of about $600 billion (£361 billion) for the UK, said the report.