-T / T / +T | Comment(s)

Friday, May 2, 2014

Business Jet Deliveries Climb 19 Percent

Woodrow Bellamy III 

[Aviation Today May 2, 2014] Sales of business jets increased by 19 percent in the first quarter of 2014 with all of the major OEMs seeing year-over-year increases, according to the first quarter delivery report issued by the General Aviation Manufacturers Association (GAMA). 

 
There were a total of 154 business jet deliveries during the first three months of the year, up from 129 during the first quarter of 2013. Embraer was the leader early in the year with 11 additional Phenom 300 deliveries leading to a 67 percent increase in business jet deliveries. Gulfstream and Bombardier also made delivery increases. 
 
Total billings for the overall General Aviation (GA) aircraft manufacturing industry were up 9 percent to $5.1 billion, with the largest gain coming in the piston aircraft segment. There were a total of 221 deliveries in the piston category, with 221 deliveries compared to 182 a year ago. 
 
"The GA manufacturing industry’s first-quarter numbers in 2014, especially the strong showing in the piston segment, are encouraging and show that we continue to climb our way out of the recession," said GAMA President and CEO Pete Bunce.
 
North America accounted for the largest share of overall GA aircraft shipments with 392, followed by Europe with 90. Despite analyst reports and manufacturer forecasts anticipating increased demand in emerging markets such as China and Brazil, South America only accounted for 11 total shipments. Embraer recently released a forecast projecting to sell 295 business jets worth $13.5 billion over the next decade. 
 
Regions outside of North America, South America and Europe accounted for a combined 17 shipments. 
 
However, if 2014 ends up similar to last year's numbers, OEMs will make the majority of their deliveries in the fourth quarter, which is typically the busiest time of the year for the industry.
Live chat by BoldChat