Aircraft deliveries at record levels
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More commercial aircraft were delivered globally during Q3 2014 than in any other corresponding period on record, according to aerospace trade organisation, ADS Group.
Between July and September 2014, 326 aircraft delivered and the aircraft order book is the strongest it has ever been with 12,140 aircraft on order.
Overall, 2014 deliveries so far this year are 5% higher than the same period last year. These deliveries could be worth around £15.5 billion to the UK.
Paul Everitt, chief executive ADS Group, said: "For the UK, the priority is to maintain our global position and grow the 3,000 companies and 109,100 individuals that the sector comprises. Our research demonstrates that UK aerospace output is growing 10 times faster than the rest of the economy, making it a critical sector to our nation's future prosperity. Working with government through the Aerospace Growth Partnership, Industry is accessing the support it needs to forge new partnerships, develop new technologies, explore new markets and hire new talent."
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.
The UK specialises in the development and manufacture of some of the most complicated and high tech parts of modern aircraft, so this requirement means a potential market share of around $600bn for the UK. To maximise the opportunity, Industry is working with government through the Aerospace Growth Partnership to implement a strategy to encourage research and technology, accelerate innovation, drive exports and support the supply chain.
