Mon, May 10, 2010
More Airplanes Going Out To Buyers, But Still Below The Same
Period In 2009
The General Aviation Manufacturers
Association (GAMA) reported Monday that in the first quarter of
2010, worldwide general aviation airplane deliveries totaled 390
units, a 15 percent 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.
Total industry billings grew 7.1 percent 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 percent 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 our 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 percent in the first
quarter, with 166 units delivered as compared to 179 airplanes in
the first three months of 2009. The turboprop segment
delivered 60 units, down from 89 units during the same period in
2009 for a 32.6 percent decrease. Business jet shipments fell
14.1 percent in the first quarter with 164 airplanes delivered, as
compared to 191 business jets in the first quarter of
2009.
FIRST QUARTER SHIPMENTS OF AIRPLANES MANUFACTURED
WORLDWIDE
| |
2009 |
2010 |
% CHANGE |
| Pistons |
179 |
166 |
-7.3 |
| Turboprops |
89 |
60 |
-32.6 |
| Business Jets |
191 |
164 |
-14.1 |
| Total Shipments |
459 |
390 |
-15.0 |
| Total Billings |
$4.33B |
$4.64B |
+7.1 |
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