Progress in aerospace sector as takeover beds in and new testing facility planned

[belfasttelegraph]( 22 November 2022 Spirit AeroSystems has won new work including a partnership with Airbus on wings for the CityAirbus Next Gen. [Margaret Canning] [Margaret Canning]( Welcome to this week's Business Telegraph. There's news in our aerospace industry, as [Spirit AeroSystems slashes its losses from $500m to $76m]( while in Co Down, Thompson Aero announces it's pouring money into a [£5.7m digital test facility](. There's a [gloomy outlook on the UK economy from the OECD]( as business leaders here argue that Swiss-style links with the EU are the best way to move forward - while the government bats off reports that such an arrangement is on the cards. We talk to [Nuala Murphy of Diversity Mark NI]( her mission to increase diversity in companies here. And Karen Bonner of the Ulster University looks at the [rates of business failures](. And finally, we're looking back on a great night at the [Belfast Telegraph IT Awards]( in partnership with Telefonica Tech UK&I. Thank you, and see you next week. Margaret Top stories [UK economy to have fastest contraction of top nations: OECD]( [Premium] [Aerospace giant reduces 2020’s $500m loss to $77m]( [New low-cost airline to operate transatlantic flights from Northern Ireland]( [Software company Decision Time wins IFA deal]( [Thompson Aero pours £5.7m into testing facility]( Interview [Premium] [Nuala Murphy: How diversity and inclusion in business can power us to a brighter future]( Opinion [Premium] [Karen Bonner: Business failures could soon mount up as firms cite challenges including material costs and economic uncertainty]( What do you think of this email? [Positive]( [Positive]( [Negative]( [Negative]( [belfasttelegraph]( [Follow us on Twitter]( [Follow us on Facebook]( ABOUT THIS EMAIL This email is from Belfast Telegraph part of Mediahuis UK Ltd. You received this email because you have signed up for the Belfast Telegraph Business Newsletter. [Contact Us]( | [Privacy Statement]( | [Cookie Policy]( | | [Unsubscribe]( Copyright - 2022 All Rights Reserved