What Happened
Global Demand Fuels £388bn UK Aerospace Pipeline
Commercial aircraft deliveries reached a record high in May, driven by strong global demand, according to new figures from ADS. The trade association reported 142 commercial aircraft deliveries, a 45% increase compared to the same month last year. The global commercial aircraft backlog now stands at a record 16,909 aircraft, representing around 12 years of work at current production rates and an estimated value of between £336.5bn and £388bn for the UK aerospace sector. This growth was first reported by The Manufacturer.