Manufacturers of general aviation (GA) aircraft experienced segmented gains in sales and deliveries of new jets through the first six months of the year, according to a second quarter earnings report released by the General Aviation Manufacturer's ASsociation (GAMA) Monday.
Worldwide deliveries of GA aircraft increased by 8.9 percent during the first two quarters of the year to 1,014, up from 931 during the same period a year ago. Sales reached $10.4 billion, a 26.4 percent increase over the same period in 2012, and the first time since 2008 that GA aircraft sales have broken the $10 billion barrier.
Deliveries of business jets declined though, from 295 in 2012 to 283 during the same period this year, an indication that demonstrates GA manufacturers "still face some strong headwinds as the global economy recovers," according to GAMA President and CEO Pete Bunce.
"This part of the general aviation product segment still relies on third party financing, which is much tighter now compared to prior to the recession, and also small business jets are also less common in emerging markets, which means that the United States needs to get back to full speed to get this segment of the GA market moving again," said Jens Hennig, vice president of operations at GAMA, said in an emailed statement.
Multiengine turboprops experienced the highest gain of any segment within the industry, as deliveries increased to 58, up 70 percent from just 34 a year ago. Deliveries of single-engine turboprops and piston aircraft were also up through the first half of the year.
North American GA manufacturers had the highest number of airplane deliveries, with a total of 821 aircraft delivers for the first two quarters of the year.
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