2 minute read - 23rd August 2024
Aerospace sector records record breaking deliveries in July
Aircraft deliveries in July 2024 represent the best month so far this year, with 120 aircraft delivered by manufacturers. According to ADS, the trade association for the aerospace, defence, security and space sectors, this represents the best July for aircraft deliveries on record.
A total of 131 orders were confirmed in July 2024, largely announced at the Farnborough International Airshow. Those orders are 17% ahead of 2023, with 89 single-aisle aircraft ordered, a 46% increase on July 2023. The 42 wide-body aircraft ordered is 18% fewer than the previous July.
Current year-to-date aircraft orders sit at 620, which is two-thirds below the same period in 2023, however, the number of aircraft on backlog order is 8% ahead of the same time a year ago with 15,675 aircraft, equivalent to more than 10 years’ worth of work at current production rates. ADS estimates that the work contained is worth at least £245bn to the UK aerospace sector.
The aerospace sector saw the best July for aircraft deliveries on record – there are currently 15,675 aircraft in the backlog, worth at least £245bn to the UK / Picture: Getty/iStock|Ricky Deacon
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Aimie Stone, chief economist at ADS Group, said: “Complications within the supply chain, coupled with regulatory uncertainty, continue to impact appetite for new aircraft. Despite this, and a healthy order backlog, it is reassuring to see industry continue to ramp up production to reach record breaking delivery heights in July. To combat these difficulties within our supply chain, the UK government must reconfirm its commitment to a coherent industrial strategy in order to better support our ecosystem to untap this significant potential addition to the UK economy.”
