The flurry of massive figure deals over the Dubai Airshow during the past week has offered UK aerospace a whole lot to celebrate, promising the industry a multi-billion pound boost.
The aerospace sector of the United Kingdom seems to be one of the biggest beneficiaries of the orders, commitments and agreements for some of the 746 aircraft revealed by international manufacturers, with a global value amounting to £63bn.
According to industry body ADS, the orders that were announced are worth an estimated £9bn to UK aerospace.
Among the announcements that were made at the Dubai Airshow, which ran from the 12th to the 16th of November, included the largest single commercial announcement ever of Airbus in the form of a memorandum of understanding for 430 aircrafts that are worth $49.5bn with Indigo Partners across four airlines.
Meanwhile, Boeing, its American rival, received a bumper tie-up with FlyDubai, with the airline signing a commitment for 175 Boeing 737 Max aircrafts, and purchase rights for an additional 50 aircrafts that are worth $27bn at list prices.
Bombardier also got in on the action, with a letter of intent from EgyptAir for up to 24 CS300 aircrafts that are worth a possible $2.2bn at list prices.
Paul Everitt, the ADS chief executive, stated: “Aircraft order books have received a welcome boost this week and UK companies will play a major role in delivering these orders in the years ahead.
“We are seeing there is sustained high global demand for new aircraft, as new routes are opened and more passengers take to the skies around the world.”
Everitt continued: “This week’s announcements at the Dubai Airshow are another vote of confidence in the global aerospace industry and in our world-leading industry here in the UK.”
In October, figures from the ADS revealed that the global aerospace industry rose to a bumper third quarter for deliveries of commercial aircraft.
The total estimated value to UK industry from the deliveries was at a maximum of £7bn, taking the total value for the year to £20bn, so far.
And the industry seems to on track to top 2016’s record year for deliveries with a final flourish anticipated to round off 2017.