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Aerospace News, June 2019

AREOSPACE

Despite a difficult global market, aircraft deliveries in the first four months of 2019 have kept pace with the same period last year, with 93 aircraft delivered in April. This brings the total deliveries for the year to date to 404, just three aircraft behind 2018. An increase in wide-body planes has compensated for a 3.6% fall in single-aisle aircraft. These wide-body planes have added greater value to the UK, with deliveries worth up to £8.5bn in the year to date to Britain.

While, the backlog of orders has fallen as customers delay decisions because of global challenges, it remains above 14,000 aircraft for the 17th consecutive month. Challenges in the global aerospace industry have included trade disputes and political uncertainty, which means the original forecast of nearly 1,800 deliveries in 2019, could be revised in the next few months. In the UK, the aerospace sector has grown by 45% since 2010, with an annual turnover of £35.9bn last year. Productivity growth also rose in the same period by 25% in Britain.

This matches the international aviation sector’s growth, which has shown a large increase in aircraft deliveries between 2010 and 2018, from 972 aircraft made a year to 1,618 in the same period.

Sharing in Growth’s competitiveness programme has helped UK aerospace manufacturers secure more than £4bn in contracts.  Over 60 companies have benefited from Sharing in Growth across the UK, with the project helping British aerospace suppliers gain more than £4bn in deals and create 7,000 jobs.

Set up in 2013, sharing in Growth enables firms to take part in a bespoke and intense training and business transformation programme.

“An integral part of the UK’s Industrial Strategy, sharing in Growth is helping to boost the UK’s aerospace export drive. We are the UK’s largest productivity programme, having delivered more than three million hours of transformation support,” says Sharing in Growth CEO Andy Page.