While total industry billings increased by nearly 25 percent during the first three quarters of the year compared with the same period last year, business jet deliveries overall continued to slide, according to numbers released today by the General Aviation Manufacturers Association (GAMA).
“The strong level of energy and positive mood of customers at NBAA’s convention this month reflects the industry’s continued recovery from the recession and gives GAMA members good reason to feel optimistic about the future,” said Pete Bunce, GAMA president and CEO. “While our members enjoyed another strong quarter of billings, not all of the news is good; the industry still faces significant challenges, particularly in the small and midsize jet markets.”
Billings during the first three quarters rose by more than $3 billion from $12.4 billion during the same time frame last year, while the number of private jets handed over declined from 430 in the same period to 421 in the first three quarters of this year, a decrease of 2.1 percent.
The news for the pressurized turboprop segment was positive, with manufacturers delivering 166 aircraft in the first nine months of this year, 27 more than in the same period in 2012, for a 19.4-percent increase. This does not include input from Piaggio, which will report its delivery totals at year-end.