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2 minute read - 3rd October 2022

Aerospace sector recovery makes steady progress

Following the Farnborough International Airshow, which supported the strong orders seen in July (526 single-aisle and five wide-body aircraft ordered), global aircraft orders for August 2022 saw a slower month, with 13 single-aisle and 17 wide-body aircraft ordered, according to figures from ADS.

Manufacturers maintained production rates, delivering 74 aircraft during the month, taking the total number of deliveries this year to 659 aircraft, a 12% increase on August 2021 year to date. Despite supply chain pressures and the rising cost of energy and raw materials, ADS says global aircraft deliveries remain on track to make the forecast of 997 deliveries by calendar year end.

Aerospace sector recovery continues to make steady progress with year-to-date aircraft orders the largest for the first months of the year since 2014. The backlog of aircraft orders is 4% higher than August 2021 at 13,393 aircraft and is worth £207bn to the UK.

The aerospace sector recovery continues to make steady progress with deliveries remaining on track for the 2022 forecast. The order backlog remains above 13,000 for the ninth consecutive month / Picture: Getty/iStock

During August, across Europe, flight departures and arrival numbers stood around 11% lower than pre-pandemic levels, while UK numbers were around 15% lower during the month.

ADS chief executive, Kevin Craven, said: “With year-to-date figures in line with expectations, overall figures for 2022 remain encouraging, but a reminder that full recovery from the pandemic impact is a long way off. The International Civil Aviation Organization (ICAO) General Assembly taking place through September and October is a very important opportunity for the global aerospace industry to come together and press ahead with our net zero aviation ambitions. It would be good to see the Assembly build upon the Paris Agreement and its commitment to net zero by 2050 and the work to develop global policy that matches industry’s decarbonisation ambitions.”

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