Belfast Telegraph

Aircraft deliveries 'worth £14.5bn to industry in UK'

Deliveries of aircraft around the world were worth £14.5bn to the industry in the UK during the first half of the year, according to a report today. (stock photo)
Deliveries of aircraft around the world were worth £14.5bn to the industry in the UK during the first half of the year, according to a report today. (stock photo)

By Staff Reporter

Deliveries of aircraft around the world were worth £14.5bn to the industry in the UK during the first half of the year, according to a report today.

But industry body ADS said challenges in global aerospace meant that at 1,489, the forecast for aircraft deliveries over the year had been revised down by 300.

Problems include the grounding of Boeing's 737-Max after two crashes claimed the lives of 346 people in October and March.

However, deliveries of widebody aircraft had reached 200 for the year to date, a new half-year record.

That growth had helped reach a total number of deliveries of 628 in the first half, making a contribution to the industry in the UK of £14.5bn.

However, the difficulties facing the industry meant the backlog of aircraft orders had fallen to 13,866. But engine orders were still strong, with an increase in the backlog over the first half to 26,578.

Paul Everitt, chief executive of ADS, said: "The global aerospace industry continues to set new records, with 200 widebody deliveries during the first six months of 2019.

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"This is positive news for UK industry, helping to push the value of global aircraft deliveries to the UK to £14.5bn.

"The outlook for the second half of the year has been revised down to reflect some specific market conditions and wider concerns about international trade economic disruption."

He added: "Aerospace is a UK success story and a strong partnership between industry and Government will be essential to maximise the industrial opportunities from meeting the environmental challenges associated with the global growth in aviation demand."

Mr Everitt last week welcomed the appointment of Boris Johnson as Prime Minister but warned the threat of a no-deal Brexit was "holding back growth and constraining investment".

"Businesses are looking to the Government to act quickly to find a pragmatic way forward on Brexit that puts jobs, investment and prosperity first," he said.

Belfast Telegraph

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