GAMA: 1H Numbers Show Signs of Recovery

 - August 9, 2012, 4:01 PM

The long anticipated business aviation recovery might truly be under way, according to the General Aviation Manufacturers Association (GAMA), which released its first-half aircraft delivery numbers this afternoon.

“We are starting to see positive signs in the 2012 shipment data,” said GAMA president and CEO Pete Bunce. “When coupled with the positive trend we are seeing in the used market, we may finally be seeing the start of our recovery.”

During the first six months of the year, both aircraft shipments and industry billings rose over the first half of 2011. For the first half of 2012, OEMs handed over 294 business jets, an increase of more than 13 percent over the previous year as manufacturers continue to ride the momentum established in the second half of 2011. Turboprop deliveries increased overall from 220 in the first half of 2011 to 243 in the same period this year, while the industry’s total billings rose by nearly a billion dollars year-over-year to more than $8.2 billion.