Fri, Oct 29, 2004
GAMA has announced that the general
aviation industry continued a strong recovery through the third
quarter of 2004. Industry billings were up 15.9 percent to $7.8
billion for the first nine months of 2004, while total units rose
7.7 percent to 1,928.
“Recovery of the U.S. economy and accelerated depreciation
enacted by Congress for operators of new airplanes stimulated every
segment of our industry,” said Ron Swanda, interim president
of GAMA. “But the growing, worldwide attraction of using
general aviation airplanes for safe and efficient air travel is a
fundamental growth factor that should not be overlooked.”
Congress responded to the success of accelerated depreciation by
extending the placed-in-service date for an aircraft until December
31, 2005.
Shipments of piston-powered airplanes manufactured worldwide in
the first nine months of 2004 were up 70 units, 1342 from last
year’s 1,272. Turboprop shipments increased from 163
airplanes in the first nine months of 2003 to 194 this year.
Business jets were also up with first nine months shipments
increasing 10.4 percent, from 355 units last year to 392 units this
year.
First Nine Months 2004 Versus 2003
Shipments
Of Airplanes Manufactured Worldwide
|
|
2003
|
2004
|
CHANGE
|
| Pistons |
1,272
|
1,342
|
+5.5%
|
| Turboprops |
163
|
194
|
+19.0%
|
| Business Jets |
355
|
392
|
+10.4%
|
| Total Shipments |
1,790
|
1,928
|
+7.7%
|
| Total Billings |
$6.74B
|
$7.81B
|
+15.9%
|
GAMA is an international trade association headquartered in
Washington, DC representing over 50 of the world's leading
manufacturers of general aviation aircraft, engines, avionics and
related equipment. GAMA's members also operate fleets of aircraft,
fixed based operations, and pilot training and maintenance training
facilities.
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