Extract from Lords statement on Bombardier - Nov 22
Friday, 23 November 2018 08:01
Baroness Vere of Norbiton (Con):...The Government firmly believe
that the aerospace sector is one that we really need to be involved
in. Wings are manufactured by Airbus and Bombardier, as we have
heard. We have engines from Rolls-Royce, aerostructures from
Spirit, Bombardier, GKN and Melrose, and advanced systems
from Safran, UTC, Thales and GE Aviation. The total turnover of the
aerospace sector is £33.5 billion. It supports direct employment of
124,000 people and indirect...Request free trial
(Con):...The Government firmly believe that the aerospace
sector is one that we really need to be involved in. Wings are
manufactured by Airbus and Bombardier, as we have heard. We have
engines from Rolls-Royce, aerostructures from Spirit,
Bombardier, GKN and Melrose, and advanced systems from
Safran, UTC, Thales and GE Aviation. The total turnover of the
aerospace sector is £33.5 billion. It supports direct employment of
124,000 people and indirect employment of 167,000 people. The
average salary is £41,000 a year. We know that growth is coming in
the sector. It is estimated that we will need 35,000 new large
passenger aircraft over the next 20 years. They will be greener,
quieter and more efficient. It is very important that the
Government involve themselves in the sector and put their money
into the right projects that need research, so that we can be a
major part of creating those new aircraft...
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