"Customers have told our manufacturers that bonus
depreciation, made part of the US economic stimulus package in
February, is generating new sales within the piston segment.
Although the provision applies to both piston and turbine engine
aircraft, we believe that in light of current backlog, the piston
manufacturers will benefit more proportionately because bonus
depreciation applies to purchases made in 2008 with delivery in
2008 or 2009."
Source: Alan Klapmeier, Chairman of the General
Aviation Manufacturers Association. On Thursday, GAMA announced
first quarter shipment and billings figures. Total industry
billings were up 16.1 percent to $5.3 billion, an all-time high for
the first quarter, while total shipments were down by 7.5
percent..
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