New data reveals the aviation industry performed strongly during April and the UK is well placed to capitalise on this growth.
Trade organisation ADS Group says there was a six per cent year-on-year rise in deliveries during the month, while orders grew by ten per cent. This builds on robust growth during the first quarter of the year and provides a solid platform for the rest of the year.
As the UK specialises in the development and manufacture of some of the most complicated and high tech parts of modern aircraft, it stands to benefit significantly from the growth.
Commercial aviation contributes £24 billion to the UK economy each year and experts are predicting a requirement for 29,000 new large civil airliners, 24,000 business jets, 5,800 regional aircraft and 40,000 helicopters by 2032. The UK could obtain a market share of $600 billion.
Paul Everitt, chief executive of aerospace trade organisation, ADS Group said the UK is in a good position to capitalise on rising passenger demand.