US aerospace giant Boeing delivered a record number of commercial jets in 2018, reaching 806 planes compared to the previous record of 763 in 2017. In addition, the group booked nearly 900 net orders valued at US$143.7Bn, adding to its backlog which stands at seven years. Most orders last year were for the 737 single-aisle aircraft.
Meanwhile, European leader Airbus achieved 800 commercial jet deliveries and booked 747 net orders in 2018. Although deliveries were a record for the group, up from 718 in 2017, net orders were down from 1,109 the previous year.
Results from the two major airframe manufacturers confirm that commercial aerospace markets remained strong in 2018, with demand for aerospace materials such as titanium metal also benefitting from record jet build rates.
High inventories for titanium sponge, which affected the market in recent years, have now been drawn down and producers of titanium ingot and slab are also thought to be operating at high utilisation rates. The delivery time for titanium alloy sheet, widely used in aerospace applications, is also reported to be in excess of 52 weeks at present.
Roskill’s Titanium: Global Industry, Markets & Outlook report was published in August 2018. Click here for more information.