UK aerospace sector relatively upbeat as global demand stays healthy, says KPMG

Airbus revealed at its annual press conference that it took in a record number of orders for new commercial aircraft last year, Glynn Bellamy, Head of Aerospace and Defence at KPMG, said: "Recent order pronouncements from significant airframe manufacturers clearly illustrate that global conditions are currently favourable for the aerospace supply-chain in the UK. On the whole, UK suppliers to civil aerospace programmes are experiencing increased demand driven by a combination of capacity expansion amongst Far-Eastern airlines and renewal of ageing fleets of Western airlines." 

"The major risk to this upbeat trend is whether the western airlines, in light of recessionary conditions and high oil prices, have the financial strength to fund the forecast of aircraft deliveries. Despite the note of caution, unlike in many other sectors, the overriding sentiment in the aerospace sector continues to be positive, and with good reason."

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