Aerospace Industry Eyes Full Recovery by 2025

A combination of soaring demand for travel and supply chain delays saw a record-breaking backlog of airplanes on order in November, according to new aviation industry figures. The global aircraft order backlog reached nearly 15,000 last month, a 354 percent year-on-year increase and marking a fourth consecutive record high, according to the aerospace sector’s UK trade body, the ADS Group. It estimates the total value of aircraft on order to be worth around £234bn. Some 2,657 aircraft orders have been placed so far this year. Single-aisle…