Glynn Bellamy, Partner in KPMG’s Aerospace and Defence practice comments on Boeing’s 787 Dreamliner and its benefits to the UK supply chain:
“The B787 heralds a wave of new aircraft launches expected over the next 10 years as Boeing and Airbus seek to launch the next generation of more efficient aircraft.
“More notably, the delivery of the Boeing 787 Dreamliner to All Nippon Airways (ANA) marks good news for the fluctuating UK aerospace and engineering sector, in particular UK based suppliers.
“The B787 will clearly boost UK original equipment manufacturers and Tier 1 suppliers such as Rolls-Royce and GKN but its benefits are also expected to filter down the supply chain to the SME sector which provides a variety of components and engineering support on the B787 including machining, casting and treatment.
“In today’s volatile economic climate, oil prices are becoming more accepted as a structural rather than cyclical trend, airlines are seeking ways of reducing their operating cost through more fuel efficient aircraft.
“We must not forget that the UK supply chain is well positioned to benefit from new fuel efficient aircraft. Therefore, as the demand for more efficient aircraft increases, this will benefit the likes of UK suppliers such as GKN and Umeco.”
Ends
For further information please contact:
Arti Mohan, Corporate Communications
Tel: 020 7694 8735
Mobile: 07768 858 085
Email: arti.mohan@kpmg.co.uk
KPMG Press Office: 020 7694 8773
About KPMG
KPMG LLP, a UK limited liability partnership, is a subsidiary of KPMG Europe LLP and operates from 22 offices across the UK with nearly 11,000 partners and staff. The UK firm recorded a turnover of £1.6 billion in the year ended September 2010. KPMG is a global network of professional firms providing Audit, Tax, and Advisory services. We operate in 150 countries and have more than 138,000 professionals working in member firms around the world. The independent member firms of the KPMG network are affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity. KPMG International provides no client services.
