Transport & Distribution
Management & Strategy

UK on course for aerospace boom

Britain's aerospace industry will benefit from an expected 80% surge in the number of passengers flying by 2034 as UK-domiciled airlines renew fleets of aircraft, according to analysis for industry lobby group ADS produced by Ascend Flight Global. The study calculates that UK-based airlines will need to invest $75bn (£50bn) in new fleets by 2034 to meet demand. This is likely to provide a major boost for British companies supplying component parts, technology and services. Britain's aerospace and defence industry contributed £29bn of sales to GDP last year, according to ADS. Companies in the sector directly employ 110,600 workers with a further 125,600 of indirect jobs supported.

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