Aircraft production fell sharply in July, largely due to the grounding of Boeing's accident-prone 737 Max model. Now the industry association is cutting its forecasts for the full year, writes The Guardian.

According to the British industry association ADS, 88 aircraft were delivered in July, a decrease of 24 percent compared to the same month last year.

According to the organization, the decrease is due to the decline in production of Boeing's 737 Max plane, which has suffered two accidents in the past year that caused a total of 346 deaths.

ADS has recently lowered its full-year forecast by 300 planes and now expects that just under 1,800 planes will be delivered during the year.

So far this year, 716 aircraft have been delivered, which is 11 percent lower than during the same period last year.

The decline in production has hit the British aviation industry hard. The industry has a turnover of 36 billion pounds, equivalent to 425 billion kronor, and ADS chief Paul Everitt has warned that a no-deal Brexit could make the situation even worse. Europe's largest aircraft manufacturer Airbus has warned that the company will consider closing factories in the country if the UK crashes out of the EU on the last of October.

Source: di.se