Aerospace News – Early July 2024
Estimated reading time 1 minute
79% fewer aircraft orders were placed in May 2024 than in May 2023, meaning year-to-date orders are now 14% behind the same point last year, the latest figures from ADS Group show.
This contrasts with orders in the first four months of the year, which were tracking 16% above the same period in 2023.
Figures from the trade association show that confidence in the sector remains strong, with a healthy order backlog of 15,694 – 17% ahead of the equivalent period in 2023.
Aircraft manufacturer, Airbus, has announced a deal for the potential acquisition of various production functions related to its operations at a range of locations around the world.
The group has major plants in Broughton, near Chester, where it employs 5,000 staff making wings for its commercial aircraft, and Filton, in Bristol, where the workforce numbers 3,000 staff.
Last week it issued a revised, reduced, forecast for its 2024 financial year in which it admitted that its commercial aircraft business is being impacted by “persistent specific supply chain issues,” mainly in engines, aerostructures and cabin equipment.