Global demand for aeroplanes continues to grow, with manufacturers expected to deliver 1,722 aircraft in 2018 (15% more than the volume delivered in 2017). January alone saw delivery of 71 aircraft, worth c.£1.3 billion to the UK industry. If the 2018 target is achieved, it would mark the eighth consecutive record for deliveries.
The commercial aerospace sector continues to be underpinned by strong order levels and production backlog - supported further by good global airline profitability. ADS Group have reported that rising production forecasts have been driven by manufacturers’ plans to accelerate delivery rates of major single-aisle aircraft like the Airbus A320 family, Boeing’s 737 series and Bombardier’s CSeries.
The industry is one of the largest employers of skilled labour in the UK, and with continued growth across the last five years, the outlook remains positive. ADS Chief Executive Paul Everitt has said that UK manufacturers continue to step up to meet the demand for cleaner and more fuel-efficient planes, which has continued to help drive both regional and national growth.
Aircraft manufacturers are aiming to set a new production record in 2018, targeting the delivery of more than 1700 wide-body and single-aisle aircraft this year. A new production record would make this year the eighth consecutive annual record for aircraft deliveries.