UK aerospace industry boosted by commercial aircraft

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The UK's aerospace industry has been boosted by around £1.3 billion in January 2015 alone, according to aerospace trade organisation ADS Group.

It reported a record January for deliveries, amounting to a total of 86 commercial aircraft delivered worldwide. With the UK aerospace sector comprising 17% of the global market share, this has a significant impact on UK business.

The new figures also show that the aircraft backlog continues to grow, having increased by 14% over the last 12 months. The total backlog, which now stands at 12,848 and has been driven by increasing demand for new, fuel efficient single aisle aircraft, is worth up to £180bn to the UK alone.

Paul Everitt, chief executive of aerospace trade organisation, ADS Group, said: "The UK aerospace sector continues to go from strength to strength. These latest figures are indicative of the commitment of airlines to invest in new, more environmentally efficient aircraft. The Aerospace Growth Partnership continues to play a vital role in strengthening the sector."