16th February 2021 8:03 am 16th February 2021 8:03 am
Paul Everitt, Chief Executive of ADS calls on the government to set out a plan that recognises the strategic role that the aerospace sector will play in the UK’s economic recovery.
The pandemic has had a severe impact on international air travel, and the tight restrictions now in operation will increase uncertainty for industry and consumers. Daily flights in the UK are now more than 80 per cent below their pre-crisis levels, and around 65 per cent lower across Europe.
Aerospace companies of all sizes across are anxiously watching the news and hoping they have done enough to sustain themselves until better times begin. Delayed deliveries to customers and production cuts by the major manufacturers made 2020 the worst year for global aircraft deliveries in more than 10 years. While the Job Retention Scheme has helped employers to protect their highly skilled workforces, we have seen 15,000 job losses directly attri
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Industry participants fear UK aviation may face insurmountable challenges, with new projects completely shelved.
In January 2020, 296 new aircraft were ordered – the highest record ever seen for the first month of the year, amounting for more than five times higher than in January 2019. Confident that demand would continue to surge, the ADS Group had forecasted a rise to 1408 deliveries at the time, in which airline manufacturers responded by rising production rates.
Source: ADS Group
Today, that once-optimistic manufacturing aerospace industry is struggling to remain resilient due to the damaging impact of coronavirus on aircraft demand, explains Paul Everitt, chief executive at ADS Group.
By Reuters Staff
2 Min Read
FILE PHOTO: A British Airways Boeing 747 G-CIVD leaves London Heathrow airport on it s final flight, the first of 31 jumbo jets to be retired early by the airline due to the coronavirus disease (COVID-19) pandemic, in London, Britain August 18, 2020. REUTERS/John Sibley/File Photo
LONDON (Reuters) - Britain’s airlines, airports and aviation manufacturers pleaded for immediate financial support from the government and a longer-term recovery plan after COVID-19 stopped travel and new testing requirements dashed bounce-back hopes.
Three trade bodies said they wrote to British Prime Minister Boris Johnson on Wednesday to ask for a package of measures including temporarily suspending business rates and a tax on flying, extra loans for airlines and access to funds for the aerospace supply chain.