Britain’s continuing success in the global aerospace market depends on a customs deal that preserves friction-free cross-border trade.
Commenting on UK aerospace deliveries for April 2018, ADS chief executive Paul Everitt added that it is vital for the UK and EU to reach an agreement on a customs deal with no new burdens that could threaten future growth.
According ADS, April 2018 saw 96 aircraft deliveries worth up to £2bn to UK industry. Total deliveries for 2018 currently stand at 406, with a total value to the UK of up to £7.5bn.
ADS added that industry forecasts put the aerospace sector on track to deliver over 1700 aircraft this year, which is ahead of 2017’s total of 1498, which was worth £29bn to the UK companies.
April saw 146 orders placed, pushing the 2018 total to 469, the largest number at this point in the year since 2014. Widebody aircraft have seen 127 orders in the year to date, an especially strong performance that promised a future economic boost to the UK of £6bn as the orders are fulfilled.
Everitt said: “The global aerospace industry continues to grow to meet strong international demand for modern, efficient and technologically advanced aircraft. We expect 2018 will see a new record for deliveries, bringing billions of pounds in economic benefit to the UK.
“As production continues to be stepped up in the years to come, we must make sure we maximise our ability to compete for new investment in capacity to produce more of the wings, engines, avionics and other critical components we make so successfully today.
“April’s aircraft deliveries were worth up to £2bn to UK industry, but creating new burdens for business under a “maximum facilitation” customs arrangement could cost our four sectors up to a combined £2.3bn a year.”
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I'd like to know where these are operating in the UK. The report is notably light on this. I wonder why?