The General Aviation Manufacturers Association (GAMA) reported today that in the first quarter of 2010, worldwide general aviation airplane deliveries totaled 390 aircraft, a 15% drop from the same period last year. However, this is an improvement over the dramatic decline experienced in first quarter 2009 deliveries, as compared to first quarter 2008, GAMA officials note. Total industry billings grew 7.1% in the first three months of the year to $4.64 billion due to international deliveries of large cabin, long-range airplanes where customers rely less on third party financing than the remainder of the industry. First quarter billings in 2010 are still 12.6% below this same period in 2008.
“These numbers are being released on the heels of Europe’s premier business aviation show, the European Business Aviation Conference and Exhibition, where many of our manufacturers noted that the market seems to be stabilizing,” said GAMA President and CEO Pete Bunce. “Reported flight activity from the FAA and EUROCONTROL is on an upward trend and the used aircraft inventory is slowly decreasing. However, these first quarter figures reveal that our industry is far from a recovery.”
GAMA says that the continuation of bonus depreciation will be crucial to allow the GA industry to increase production and bring back lost jobs. Bunce added, “We join with the rest of the manufacturing sector in calling upon the U.S. Congress to approve bonus depreciation for products ordered in 2010. Our industry appreciates the administration’s strong support for this initiative.”
The piston airplane segment was down 7.3% in the first quarter, with 166 delivered as compared to 179 airplanes in the first three months of 2009. The turboprop segment delivered 60, down from 89 during the same period in 2009 for a 32.6% decrease. Business jet shipments fell 14.1% in the first quarter with 164 airplanes delivered, as compared to 191 business jets in the first quarter of 2009.
For more information: GAMA.aero