Airbus and Boeing make July bumper month for aircraft orders
- Airbus and Boeing announced aircraft orders at Farnborough Airshow.
- The deals were valued at least £13 billion, benefiting the UK economy.
- The orders signify a positive impact on the aviation industry and economic growth.
In a significant boost for the UK aerospace industry, July 2023 saw a remarkable surge in aircraft deliveries, with 120 passenger jets delivered by Boeing and Airbus. This achievement marks the highest number of deliveries recorded for the month of July, according to the ADS Group, the trade association representing the aerospace, defence, security, and space sectors in Britain. Despite ongoing challenges in the global supply chain, the performance in July stands out as the best month of the year so far. The month also witnessed a total of 131 confirmed aircraft orders, primarily stemming from announcements made during the Farnborough International Airshow. This figure represents a 17 percent increase compared to the same period in 2023, highlighting a robust recovery in the aviation sector. The demand for single-aisle aircraft was particularly strong, with 89 orders placed, reflecting a substantial 46 percent rise from July 2022. However, the orders for wide-body aircraft saw a decline, with only 42 units ordered, which is an 18 percent decrease compared to the previous year. This disparity in demand between single-aisle and wide-body aircraft may indicate shifting market preferences as airlines adapt to post-pandemic travel patterns. Overall, the July performance underscores a positive trend for the UK aerospace industry, showcasing resilience and growth amid broader economic challenges. The continued recovery in aircraft deliveries and orders signals optimism for the future of aviation in Britain.