The UK's aerospace industry sees soaring figures in its first quarter

 
Georgina Varley
TOPSHOT-INDIA-AVIATION
Aircraft deliveries are up £1bn from the first quarter of 2016 (Source: Getty)

The value of aircraft deliveries to the UK reached an unprecedented £6.5bn in the first quarter of 2017, up £1bn from the first quarter of 2016, determined by a 10 per cent rise in wide-body aircraft deliveries.

Orders have risen over 40 per cent for the first quarter year-on-year, and delivery rates are 15 per cent higher than five years ago.

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The number of aircraft deliveries in the first three months of the year reached 307, pushing performance to date ahead of the first quarter of 2016, a year that set new records for aircraft distribution.

Paul Everitt, chief executive of ADS, the trade Organisation for companies in the UK aerospace, defence, security and space sectors, said: “Global demand is driving production rates higher and UK expertise is delivering essential components and technologies. Despite the uncertainties associated with the decision to leave the EU, aerospace innovation and productivity is helping to sustain the high value, long-term jobs our economy needs."

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A total of 242 orders for new aircraft in the quarter has kept the backlog of orders at its third highest level, with nearly 13,500 aircraft remaining on global order books, worth a potential £220bn to UK industry.

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