Global aerospace growth presents Midlands supply chain with challenges and opportunities says MAA
THE global growth of the civil aerospace sector presents the Midlands supply chain with both opportunities and challenges, the Midlands Aerospace Alliance has said.
Dr Andrew Mair, MAA Chief Executive, said the opportunities were coming from the booming market in passenger aircraft.
OEMs such as Airbus and Boeing now have orders stretching back seven years with backlogs estimated at around 10,000 aircraft, worth a combined $1 trillion. This is enough to sustain the entire Midlands economy for three years.