The aerospace industry received a significant boost in July as aircraft deliveries soared, with manufacturers Boeing and Airbus delivering an impressive 120 passenger jets despite ongoing supply chain challenges. According to ADS Group, the trade association for the aerospace, defence, security and space sectors in Britain, this marks the best July for aircraft deliveries on record and the strongest month so far this year.
July also saw a flurry of orders, with 131 confirmed, largely attributed to announcements made at the Farnborough International Airshow for both Airbus and its American competitor, Boeing. This figure represents a 17 per cent increase compared to the same month in 2023. Single-aisle aircraft orders experienced a 46 per cent surge, reaching 89, while wide-body aircraft orders dipped by 18 per cent to 42.
The backlog of aircraft orders reached 15,675, an 8 per cent increase from the previous year, equating to more than a decade’s worth of work at the current production rates. ADS estimates that this backlog is worth at least £245 billion to Britain’s aerospace sector, which comprises 1,300 member businesses, with small firms accounting for over 90 per cent.
Airbus’s facilities in Filton and Broughton play a crucial role in designing, testing, and manufacturing wings for the company’s A320 family, A330, and A350 commercial aircraft, directly supporting more than 8,000 full-time positions. The wings for the A220 family are designed and built by Spirit AeroSystems in Belfast.
Guillaume Faury, chief executive of Airbus, acknowledged the challenges of balancing the resurgent demand from airlines with a supply chain that is a “world of bottlenecks” and fraught with complexity. Aimie Stone, chief economist at ADS, emphasised the need for the UK government to reaffirm its commitment to a coherent industrial strategy to support the ecosystem and unlock the significant potential contribution to the UK economy.
Deals announced at this year’s Farnborough International Airshow in July totalled £81.5 billion, translating to at least £13 billion for the UK economy at current prices. Notable agreements included Flynas, a Saudi Arabian low-cost carrier, signing a memorandum of understanding for 160 Airbus jets, and Abra Group, the majority investor in Avianca and Gol, purchasing five A350-900s.
VietJet Air, a Vietnamese low-cost carrier, also signed an agreement with Airbus for 20 new-generation, wide-body A330neo aircraft, valued at $7.4 billion at the manufacturer’s list price, marking one of the largest deals at the event.
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