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UK Budget 2024 - Impact on Aerospace at a glance (apologies I meant to publish this last week) 1) Allocated £1 billion to the aerospace sector to support innovation and growth. This investment is part of a broader strategy to boost high-tech industries and create high-quality jobs. 2) Air Passenger Duty (APD) Increase: The budget included an increase in Air Passenger Duty, particularly affecting private jets. This rise is part of the government’s effort to promote sustainability in aviation. 3) Research and Development (R&D) Funding: Nearly £200 million in joint government and industry funding was announced for aerospace R&D projects3. This funding aims to drive innovation and maintain the UK’s competitive edge in aerospace manufacturing.

General Dynamics' aerospace sector reported a year-over-year profit decline to $268 million, down from $312 million. Despite this, the operating margin remained stable at around 13.2%, showing resilience amidst challenging market conditions.

Join us tomorrow, April 10th at 11AM ET as widely respected aviation industry expert Richard Aboulafia examines current aerospace markets and what to expect as aerospace firms report their first-quarter results. • Have the aerospace original equipment manufacturers (OEMs) kept up with their production rate plans? • What adjustments are the OEMs making this year? • How has the economy affected forecasts for this year and next? Register now to learn answers to these questions and for Aboulafia’s insights on where aerospace markets have been, where they’re headed, and the broader trends impacting the industry. Register now!! https://lnkd.in/exTn5DP4

Recently, MAA Chief Executive Andrew Mair hosted an industry update session which covered current trends in global #aviation and #aerospace, government support, and how this election year may impact the competitiveness of the industry. Some of the key headlines were… ✈️ The active commercial airline fleet is now around 30k globally. Airlines are actively pushing for more aircraft to boost their profitability and order books hit a peak of over 12 years at the end of 2023. During the session we covered the aircraft programme breakdowns, what is driving performance, the key challenges and future predictions. ✈️ The recovery of the aviation market has generated big increases in aftermarket work at the major engine makers which is good news for suppliers involved with MRO activity. During the session we highlighted the top challenges and opportunities in this area. ✈️ This year is set to be a big one for Farnborough Airshow and it’s not to be missed if you’re operating in the aerospace industry. We shared the latest news from the leading companies in the Midlands, insights into reorganisation activity and how opportunities are being created for suppliers. Plus, there were many more insights around the big engine makers; the supply chain; opportunities in sectors that are complementary to aerospace like #defence, #space and advanced air mobility; the importance of picking up the pace on sustainable technologies; and the need for greater government support for industrial strategy and innovation. We were delighted to receive so many comments after the session about how useful and informative members found it, with calls for more frequent online events like these. So, we will be holding another in July that will again be free for all members. We will announce the details soon. To find out about membership and all the great benefits, visit: https://lnkd.in/dxp_2sxp #aerospaceindustry #aerospaceindustries #aerospacemanufacturing #aerospaceengineering #advancedmanufacturing #advancedengineering #ukmanufacturing #ukengineering #manufacturingindustry #manufacturinguk #ukmfg

🚨 BREAKING NEWS: UK Government Announces £975m Boost for Aerospace Industry Over Next Five Years In a boost for aerospace centres in places like Broughton, Filton and Derby, the Government has extended the Aerospace Technology Institute (ATI) Programme to help strengthen the UK’s global lead in wings and engine #manufacturing, while working to deliver zero-emission flights #Aerospace is expected to be at the heart of the upcoming #IndustrialStrategy, while also having an important global role in achieving #NetZero targets and defence, with the RAF and Royal Navy both relying on its technology. Bidding for the funding will open in January, with projects expected to begin from next Autumn. #ukmfg #ukmanufacturing #ukaerospace #shoutaboutukmfg #supportukmfg #backingbritain

Extends partnership with Airbus Canada by five years to 2035 from 2030 in a deal valued at C$1.65 billion (Airbus, which holds 75% of shares C$1.2 billion, Investissement Québec , 25% shares, C$413 million; USD total $1.2 billion, $900 million Airbus, $300 million Investissement Québec ). As the report notes: “Quebec Premier François Legault said his government got a guarantee from Airbus that two-thirds of the jobs needed to produce the A220 would remain in Mirabel at a news conference Tuesday.” #aerospace #aerospaceindustry #aerospaceengineering #airlines #airlinesandairplanes #airtravel #aircraft #aircraftleasing #aircraftmanagement #assets #assetfinance #finance #avgeek #aviation #business #businessnews #canada

Aerospace Soars: UK Witnesses Record-Breaking Year in Deliveries and Orders Good 👏 Good news and prospects for Sky Hunters' activities in the UK. 🛫 The UK aerospace sector is experiencing a robust recovery, with aircraft deliveries at their highest since 2018—1,265 in 2023, marking an 11% increase from 2022. Record-breaking orders of 3,850 and a 78% surge in single-aisle airliner sales showcase the industry's resilience. Wide-body sales, including the A350 and 787, also rose by an impressive 168%. The 16% year-on-year growth in the backlog, totaling 15,753 aircraft, reflects sustained demand. Minister Nusrat Ghani is optimistic, citing a 91% year-on-year increase in orders as the aerospace sector supports economic growth and high-skilled employment. Notably, 2023 recorded the lowest order cancellations in years, with just 352.

We are excited to announce the release of our latest report, developed in collaboration with COGES EVENTS , to support Eurosatory 2024. This report provides an in-depth look at the top 10 helicopter procurement programmes globally. Key insights include: - Approximately 7,000 multirole helicopter airframes will need modernisation or replacement in the next 20 years. - Significant procurement decisions are expected in the latter half of the 2020s. Download the report to explore these market trends and procurement opportunities. https://bit.ly/3KiJwQ2

Aviation industry expert Richard Aboulafia examines current aerospace markets and what to expect as aerospace firms report their first-quarter results!! Register NOW to learn answers to these questions and for Aboulafia’s insights on where aerospace markets have been, where they’re headed, and the broader trends impacting the industry!!! https://buff.ly/3xxuAu9