By 2024, China will eclipse the USA as the world’s largest aerospace market based upon passenger numbers and sales of new aircraft.
This will not only change the regional customer base, but also the industrial landscape. With China investing heavily in its own aircraft programmes to rival Airbus and Boeing, there are opportunities for UK suppliers ranging from structures and systems through to interiors and services.
In association with the North West Aerospace Alliance (NWAA), the Aerospace Sector Team from the Department for International Trade (DIT) brought a group of specialists with experience of the Chinese aerospace sector to Lancashire and the North West in A China Aerospace Road Show.
David Bailey, NWAA’s Chief Executive, highlighted “that this is part of a wider programme of initiatives, supported by the Lancashire Local Enterprise Partnership. It is aimed at ensuring local companies are well positioned to make informed choices about a range of international aerospace market developments”.
The event provided help for companies to understand the China market, the opportunities and challenges and various market entry strategies. In addition to DIT sector insight, participants heard directly from UK companies involved in the market, and the China-Britain Business Council (CBBC), which has a wealth of multi-sector in-country experience. Guidance was also given as to how to best utilise the range of promotional, financial and in-country support available from the UK government.
For more information, contact NWAA at www.aerospace.co.uk and Lynne Gillen International Trade Team Leader, Department for International Trade Tel: +44 (0)7966 560642 E-mail: firstname.lastname@example.org