The UK’s aircraft order backlog reached a record high of 15,867 in Q3, following strong September orders.
The backlog is 8% higher than after Q3 last year and is worth approximately £241 billion to the UK economy, according to a report by ADS, the UK’s aerospace, defence, security and space trade association.
295 aircraft were delivered this quarter, more than during any other post-pandemic Q3. Yet commercial deliveries year-to-date fell 7.5% compared to the same period last year.
Monthly aircraft orders increased sharply to 300 in September but decreased overall by 55% measured against the first nine months of 2023.
Chief Economist at ADS Group Amie Stone commented:
Issues across the supply chain, regulatory hurdles, and workforce challenges in 2024 have impacted production rates and meant ADS has reduced its aircraft delivery forecast for the year.
Stone added:
Whilst the reflected confidence in the industry is promising, the figures present a reminder that industry requires increased Government support to meet this demand and reach its full potential.
What’s causing aircraft delivery delays?
Supply chain issues, certification delays and worker shortages have slowed global aircraft production.
Authorities have limited Boeing’s 737 Max production because of safety concerns, Boeing factory workers have been striking since September 13, and in-service A320neo family aircraft engines are undergoing additional safety inspections.
As a result, aviation analytics provider Cirium predicts a short-term drop in aircraft deliveries to 2027. In the long term, however, Cirium forecasts that 45,900 aircraft worth a total of $3.3 trillion will be delivered globally by 2043.
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