Following the Government's announcement that it will delay the expected Parliamentary vote on the Withdrawal Agreement negotiated with the European Union, ADS has responded.
The UK Aerospace industry welcomes today’s announcement of a new Aerospace Sector Deal, following the completion of negotiations announced the Prime Minister Theresa May at the 2018 Farnborough International Airshow in July.
2018 is the best year for deliveries to date, with a total of 1221 aircraft delivered by the end of October, worth up to £23 billion to the UK.
The withdrawal agreement published this week and the political declaration on the UK’s future relationship with the European Union (EU) offer businesses the certainty they need.
Today ADS has launched a new Brexit Hub on its website to give members a single authoritative source of information on the potential impact of Brexit on the Aerospace, Defence, Security and Space sectors, and on how to prepare.
The third quarter of 2018 was the best on record for aircraft production, with 390 aircraft delivered, a 10 per cent rise worth up to £7 billion of the UK economy.
In today’s Budget statement the Chancellor took important steps to help industry sustain investment and productivity improvements as they face uncertainty over the UK’s economic future after our departure from the European Union.
Securing a withdrawal agreement and a transition period remains the highest priority for our industries. Further delay and uncertainty increases the damage to our economy, with investments on hold and contingency measures being implemented.
Technical notices published by the Government today on aviation, chemicals and road haulage show a no deal scenario could generate substantial disruption to air travel and aerospace manufacturing after the UK leaves the European Union (EU) in March 2019.
Global aerospace manufacturers on track to achieve new production record, with 41 more aircraft delivered in 2018 than in the first eight months of 2017.