The business jet market has continued its spectacular rise, while turboprop shipments grew modestly and piston deliveries dropped sharply, according to first-quarter aircraft delivery stats released today by the General Aviation Manufacturers Association. Industry billings increased 16.1 percent, to $5.3 billion, an all-time high for the first quarter, though overall shipments were down by 7.5 percent. “The trend of increasing market share occurring outside North America continues for most manufacturers. It is apparent, however, that current uncertainty in the U.S. economy is having an effect on some of the offerings in the piston spectrum,” said GAMA president and CEO Pete Bunce. In fact, piston shipments in the quarter fell year-over-year from 554 to 399 units, a 28-percent decrease. Turboprop shipments in the quarter climbed slightly to 85 aircraft, up six from the same period last year. But it was the 40.8-percent rise in business jet shipments that steals the show in the report–297 jets were delivered in the quarter, compared with 211 in the same period last year.
GAMA: Bizjet Deliveries Climbed 40 Percent in 1Q
- May 8, 2008, 12:15 PM