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Optimistic news for aerospace manufacturers

The Isle of Man Aerospace Cluster has been told significant growth over the next two decades will come from Asia and, in particular, China.

The cluster invited specialist consultant Clive Lewis to its 14th forum recently, and he had optimistic news for local aerospace manufacturers.

In his view, up to the year 2029, $1,600 billion worth of new orders for commercial aircraft are expected from the Asia/China region alone.

The sum represents up to 25,000 new airliners.

Marketing director for Airbus Corporate Jets David Vellupai reinforced the optimistic tone, highlighting Airbus's expected order book for the next few years.

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