Aircraft production down 24% globally after Boeing 737 Max crashes

Global aircraft production has fallen by a quarter after the grounding of Boeing’s 737 Max jet following 2 fatal accidents. ADS, the British aerospace lobby group, said 88 aircraft were delivered in July, down 24% on the same month a year ago, with the fall largely due to the slump in production of single-aisled planes such as the 737. The number of aircraft delivered in the year to date has now reached 716 but that is more than 11% lower than in 2018. The ADS recently slashed its forecast for 2019 global aircraft deliveries from 1,789 to 1,489. ADS CE, Paul Everitt, said the prospect of a no-deal Brexit was making the situation worse for British companies in the aerospace sector. Firms spent about GBP600m preparing for the March 29 deadline, and that figure is expected to rise ahead of the new Oct 31 deadline. <br/>