GAMA Says Exports Help GA Boom
Emerging markets in Europe, Russia, China and India are helping fuel the continuing boom in aircraft sales worldwide, according to the General Aviation Manufacturers Association's (GAMA's) report on third-quarter results for 2006. Most companies are reporting healthy sales increases both in terms of billings and in the numbers of units sold. And an increasing number of those aircraft are being shipped overseas. "Our manufacturers have seen growth in all airplane segments, part of which we attribute to strengthening sales in Europe, and into Russia, China, and India," GAMA President Pete Bunce said in a news release. "Business people and government officials are recognizing the dynamic role that general aviation plays in building a vibrant economy and, as our manufacturers continue to bring new innovations to market, we expect this trend to continue."
Sales and billings are up across the board. In the first nine months of 2006 there were 1,957 piston aircraft delivered, an 18.2-percent increase over the same period last year. Turboprop sales jumped from 228 to 256 but it was the bizjet market that really shone. There were 629 jet deliveries in the first three quarters of 2006 compared to 510 in 2005 (355 in 2003 and 391 in 2004). The total value of GA aircraft delivered in the first nine months of 2006 was $13.2 billion, up 28.6 percent from $10.3 billion.