The fear that the Brexit would lead to a declining British share in the global industry for the aerospace industry became reality on Monday, when official figures showed a 3.9 percent drop in output, only the second drop for the British aerospace sector since the 2008 recession. The annual decline in aircraft production was even steeper by 4.5 percent, according to data published by the UK Office for National Statistics, and overshadowed growth in maintenance, repair and overhaul activities, representing a smaller share of the sector as a whole. In the previous seven years up to 2017, the growth of aircraft construction in the UK averaged 4.8 percent per year, as the sector benefited from strong global demand and rising production figures.
"The real impact of Brexit uncertainty is already becoming too clear: the declining production of UK aerospace, despite the increasing worldwide demand and a very supportive national industrial strategy," says Paul Everitt, CEO of the British Air Force. and space group ADS. The major international aircraft manufacturers achieved a new annual record in 2018 for the eighth consecutive year by delivering 1,618 aircraft for an increase of 120 units, or 8 percent compared to the previous year, ADS noted.
"Many companies are clearly choosing to postpone investment until our future relationship with the EU is agreed," Everitt said. He called on the British government and the parliament to "act now" to prevent a Brexit without agreement and start the process of restoring confidence in the UK as an attractive location for domestic and international production investments.
Last month, departing Airbus CEO Tom Enders issued its strongest warning about the potentially damaging effect of a hard-Brexit and the continuing lack of clarity about the conditions for the UK exit from the European Union. "It is a shame that companies, more than two years after the outcome of the 2016 referendum, are still unable to plan well for the future," Enders said in a video message on the company's website.
Great Britain Britain, the aviation sector, a world leader for a century, is "on an abyss," he warned. Airbus can not immediately pick up and move its large British factories to other parts of the world, recognizes Enders, emphasizing the long-term characteristics of the aviation industry. "We could be forced to reverse future investments in the event of a no-deal Brexit," he said. "And make no mistake, there are plenty of countries that would like to build the wings for Airbus planes."