Aircraft orders the highest since 2014
Recovery in the UK’s aerospace sector continues with year-to-date global aircraft orders the highest since 2014 at 2,188.
A new report from trade association ADS Group highlights that orders for single-aisle aircraft dominate market recovery and account for almost 80 per cent of orders in 2023.
Global deliveries are just below 2019 trends with 860 deliveries year-to-date, a 12 per cent increase on the same period in 2022. Deliveries for single-aisle and wide-body aircraft increased by 10 per cent and 24 per cent respectively at the end of Q3.
The backlog of orders sits at 14,690 aircraft, which is up 10 per cent on Q3 2022. At current rates the aircraft on backlog order are estimated to be worth £229bn to the UK’s aerospace sector. Year-to-date, 144 aircraft orders have been cancelled, which ADS reported as below trends seen in the last few years.
Ahead of the Autumn Statement on 22 November, ADS has written to the chancellor and is urging the government to develop and implement a new industrial strategy.
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