The first quarter of 2023 has seen a stable start to the year with 276 global aircraft orders placed. The order book overall is 34% lower than in Q1 2022, but orders for wide-body aircraft increased a significant 95% indicating strong market confidence in the return of international travel, according to data released by aerospace trade body ADS.
Aircraft manufacturers delivered 257 aircraft in the first quarter of this year, the largest Q1 for deliveries since 2019, with deliveries of single-aisle aircraft dominating the market recovery. Deliveries for single-aisle aircraft increased by 11%, with wide-body deliveries declining 10% in Q1 2023. ADS highlighted that global aircraft deliveries for Q1 2023 represent a significant value of £4bn to the UK as the advanced aerospace manufacturing sector looks towards blue skies.
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