Aerospace industry sees strong early demand in 2016

Aerospace industry receives highest January order levels since 2013

January saw a significant rise in orders for new aircraft, according to statistics from aerospace trade organisation ADS Group.

The statistics revealed that the industry received 83 new aircraft orders in the month – compared with just 10 in January 2015 – worth up to £1.3 billion. It was the highest January order levels achieved since 2013, and boosted orders increases backlog to 13,380, which represents more than 9.5 years’ of work in hand. Delivery rates are expected to grow by 4% on 2015 levels.

Paul Everitt, chief executive of ADS Group, said: “January saw a strong start to the year and a welcome uptick in new orders. Despite some uncertainties in the global economy, demand for air travel and new aircraft remains strong.”

“In 2016, ADS expects new aircraft deliveries to increase and the main challenges will continue to be on capacity and productivity. The Aerospace Growth Partnership is focused on maintaining UK market share and helping businesses stay ahead of intense global competition,” he added.