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£13 billion boost to UK industry from Paris Air Show orders
The UK has seen a boost of around £13 billion from aircraft orders and commitments announced at the Paris Air Show 2017.
The international aerospace industry’s keynote event saw orders, commitments and agreements for more than 1,400 aircraft announced by manufacturers, with a global value of £130 billion. The UK’s aerospace sector, the largest in Europe, will be one of the biggest beneficiaries.
Orders, commitments and agreements were announced at the show for 1,220 Single Aisle Aircraft, worth £109 billion globally and £9.7 billion to UK industry; 79 Widebody Aircraft, worth £17 billion globally and £3 billion to UK industry; 128 Regional Aircraft, worth £1.8 billion globally and £160 million to UK industry.
ADS chief executive Paul Everitt said: “Aircraft orders announced at Paris Air Show will be worth £13 billion to the UK’s globally competitive aerospace sector. This welcome news represents a real vote of confidence in the industry around the world and especially in the UK.
“Manufacturers choose our highly skilled, innovative and productive aerospace industry to deliver components and systems for the most technologically advanced and popular models of commercial aircraft.
“The 88 companies exhibiting in the UK Pavilion have shown the world why the UK aerospace sector continues to be so successful and is such an attractive destination for international investment.”
Business Minister Richard Harrington said: “I met many innovative UK aerospace companies at the Paris Air Show. The new aircraft orders and business secured demonstrates why the UK is a leading civil aerospace nation, second only to the US.
“Working through the Aerospace Growth Partnership, which delivers our industrial strategy for the sector, government is committed to securing its continuing global competitiveness and export success.”