GA Aircraft Sales Down 10 Percent From Last Year
In the first half of this year, sales of general aviation aircraft are down 10 percent compared to the first half of last year, the General Aviation Manufacturers Association (GAMA) reported on Wednesday. Last year, 1,039 aircraft were sold in the first six months, compared to 937 this year. Billings, however, were up 0.2 percent, totaling $9.40 billion in the second quarter of 2010. This is the second consecutive quarter that industry billings have risen, GAMA said. "As general aviation manufacturers continue looking towards recovery from the economic downturn, it remains critical that pro-growth, pro-manufacturing policies like bonus depreciation that promote aircraft purchases and stimulate job creation be put in place," said GAMA CEO Pete Bunce. "As the global economic recovery picks up steam, markets outside of North America continue to hold promise for renewed growth in our industry."
Piston-powered airplane shipments totaled 425 units compared to 434 units delivered in the first half of 2009, a 2.1 percent decrease. Turboprop shipments declined 17.8 percent from 191 units in the first six months last year, to 157 units in 2010. Business jet shipments totaled 355 units, a 14.3 percent decrease over the 414 units delivered during this same period in 2009. The full shipment report can be found at GAMA's website.