Aircraft orders began 2020 with a strong start, as customers ordered 296 new aircraft, a January record that is five times higher than the first month of 2019.
The strong volume of orders was driven by a surge in single-aisle orders, which at 285 made up almost all of the total. Following 2019’s fall in aircraft deliveries, which fo
llowed eight years of record highs, ADS is forecasting a rise to 1,408 deliveries as manufacturers continue to work to step up production to meet buoyant international demand. While January 2020 has seen a record low with only 44 aircraft delivered in total, stronger delivery figures are expected in the coming months.
The aircraft backlog in January increased to more than 14,000 on the order books, demonstrating a significant amount of work-in-hand for the global aerospace industry. This backlog can bring optimism in the coming years and this confidence is matched by manufacturers’ intentions to increase their production rates as work-in-hand continues to grow.
ADS Chief Executive Paul Everitt said:
Global demand for advanced, modern and increasingly fuel-efficient aircraft remains strong, and manufacturers are working hard to raise production rates and meet customers’ expectations. While volatility and international headwinds remain in the aerospace market at the outset of 2020, manufacturers are expecting a return to growth in deliveries, which are worth billions of pounds to UK industry annually.
