Sat, May 01, 2004
It Ain't ALL Bad News...
GAMA helped perk up an
otherwise troubling day with the announcement that both billings
and shipments of general aviation planes rose in the first quarter
of 2004 compared to the same period last year.
Billings were up 21.1 percent while shipments
increased 9.7 percent. Significantly, the industry
posted gains in all three model
segments—piston-engine, turboprops, and business
jets.
“The recovery that began last year in the piston market is
not only continuing but spreading to the other model
segments,” said GAMA President & CEO Ed Bolen (right).
“Bonus depreciation and a strong economy are clearly having a
positive impact on general aviation. We need Congress to quickly
extend bonus depreciation to ensure we keep this momentum going
through the end of the year and into 2005.”
In 2003, Congress accelerated the depreciation schedule for
capital assets, including general aviation aircraft, purchased and
placed in service before January 1, 2005. GAMA is working to extend
the placed-in-service requirement for GA airplanes because of their
long production times.
First quarter shipments of piston-powered airplanes manufactured
worldwide increased 33 units in 2004, up from last year’s
361. Turboprop shipments increased from 31 airplanes in the first
quarter of 2003 to 32 this year.
Business jets were also up with first quarter shipments
increasing 13.9 percent, from 101 units last year to 115 units this
year.
First Quarter Shipments Of
Airplanes Manufactured Worldwide
|
|
|
2003
|
2004
|
Change
|
| Pistons |
361
|
394
|
+9.1%
|
| Turboprops |
31
|
32
|
+3.2%
|
| Business Jets |
101
|
115
|
+13.9%
|
| Total Shipments |
493
|
541
|
+9.7%
|
| Total Billings |
$1.97B
|
$2.38B
|
+21.1%
|
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