28 Oct 2020 -
 General

Brovid double-whammy is glum news for aerospace sector

What will the combined effect of Covid and Brexit – Brovid – have on the A&D market?

The Guardian reports the “global aerospace industry has endured its worst quarter ever with record low orders for new aircraft and 12,000 UK jobs already lost or at risk because of the collapse in travel caused by the coronavirus pandemic.”

It continues by reporting that more than a 10th of the jobs in the UK’s aerospace industry could go as the plane manufacturers Airbus and Boeing and their suppliers adjust to lower demand, according to separate figures shown to the Guardian.

Meanwhile, The FT is reporting comments from ADS president and Meggitt CEO, Tony Wood, that the Government’s failure to prioritise agreement on aircraft certification standards in Brexit negotiations is threatening the future of the UK’s £34bn-a-year aerospace sector.

According to the report, Wood said, “It is time to choose. The aerospace and defence industries underpin 375,000 jobs in the UK and they are some of the best-paid jobs in engineering and advanced manufacturing.”

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