§ 13. Mr. WilkinsonTo ask the Secretary of State for Trade and Industry if she will make a statement on the prospects for the aerospace component manufacturing industry in 2002. [33804]
§ Mr. WilsonAs the hon. Member will be aware, the severe downturn in air travel following 11 September has resulted in a reduction in orders for new aircraft and a lower demand for aircraft repair and maintenance. This is inevitably having an adverse effect on the aerospace component manufacturing industry, which is likely to persist throughout 2002. However, all possible steps are being taken to restore passenger confidence and there are signs that this is starting to return. The Government believe that the long-term prospects for the industry remain good, and that market growth will return to its former level.