Aerospace deal worth nearly £1bn to UK signed during Indonesian President visit
Tuesday April 19th, 2016
On the first day of Indonesian President Jokowi’s visit to Britain, a deal worth almost £1 billion to UK manufacturing has been signed.
UK manufacturing received a boost worth nearly £1 billion on the first day of Indonesian President Jokowi’s visit to Britain.
The deal signed at Downing Street will secure jobs at Airbus facilities in Filton, near Bristol, and Broughton, in North Wales, as well as the extended supply chain across the UK.
Garuda Indonesia, Indonesia’s national carrier, has signed agreements with Airbus and Rolls-Royce for a £4 billion deal to upgrade the airline’s 14 A330s to the newer A330neo, which will be worth nearly £1 billion to the UK economy.
Rolls-Royce has signed an agreement for the provision and aftercare of Rolls-Royce engines.
The deal was signed on the first day of a 2-day visit to the UK by Indonesian President Jokowi, who met Prime Minister David Cameron this morning to discuss the strengthening of economic and security ties between the 2 nations.
Prime Minister David Cameron said:
“This deal underlines the increasing importance of our ties with Indonesia – a fast growing economy and set to become the seventh largest in the world by 2030.
We are the fifth biggest investor in Indonesia and our relationship has more untapped potential. We want to encourage more British businesses to seize on these opportunities and we will continue to support them by banging the drum for British skills and expertise.”
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