Billings Down 16.5 Percent Over The Same Period In 2015
GAMA has released its third-quarter shipment and billing numbers for the general aviation manufacturing industry. Worldwide, general aviation airplane shipments declined 3.5 percent, from the same period last year, with 1,504 units shipped in the first nine months of 2016 compared to 1,558 units in 2015. Rotorcraft shipments declined 16.0 percent to 615 units compared to 732 units in the same period last year. Combined airplane and rotorcraft billings were $15.9 billion year-to-date in 2016 compared to last year's $19.1 billion, a contraction of 16.5 percent.