While the number of business jet deliveries and overall industry billings continued to slide in the first quarter of 2012, there was a minor retrenchment for the turboprop segment, according to numbers released by the General Aviation Manufacturers Association (GAMA).
For the first quarter of the year, OEMs handed over 122 business jets, a 4.7 percent decrease from the 128 it delivered in same period last year. However, the number of turboprop deliveries rose by two to 63, representing 3.3-percent gain year-over-year. With a decrease from $3.68 billion to $3.39 billion, billings for the industry saw an 8 percent drop from the first three months of last year.
“The first-quarter shipment data shows mixed performance across the segments,” said GAMA president and CEO Pete Bunce, who views a global lack of available financing as a continuing concern for the industry. “An important step forward would be for the U.S. Congress to quickly reauthorize the Export-Import Bank. The lending authority of the bank spurs sales, which are essential to revitalizing the manufacturing sector.”