Sat, Jul 26, 2003
Face It... 2003 Is NOT Our Year
Shipments of general
aviation airplanes for the first half of 2003 totaled 1,031 units,
a drop of 13.8 percent from the same period last year according
to GAMA. Industry billings for the first six months were $4.05
billion, down 32.3 percent from 2002.
“The shipment numbers are largely in line with the
production schedules our manufacturers announced for the year and
they reflect the continued weakness in the economy,” said
GAMA President and CEO Ed Bolen.
“The positive news is that single-engine piston shipments
are holding steady and we are beginning to see some indications
that the accelerated depreciation GAMA pushed to have included in
the recent tax bill is stimulating some new orders.”
Although shipments of multi-engine airplanes fell in the first
half of 2003, shipments of single-engine piston airplanes were up
1.4 percent over the same period last year—from 663 units to
672 units.
Shipments of turboprop airplanes declined 10.8 percent from 111
units in the first half of last year to 99 units this year.
Business jet shipments decreased from 352 units in the first six
months of last year to 222 during the same period this year.
2Q SHIPMENTS OF AIRPLANES - MANUFACTURED
WORLDWIDE
|
|
YTD 2002
|
YTD 2003
|
CHANGE
|
Pistons
|
733
|
710
|
-3.1%
|
Turboprops
|
111
|
99
|
-10.8%
|
Business Jets
|
352
|
222
|
-36.9%1
|
Total Shipments
|
1,196
|
1,031
|
-13.8%
|
Total Billings
|
$5.97B
|
$4.05B
|
-32.3%
|
2Q SHIPMENTS OF AIRPLANES - MANUFACTURED IN THE
US
|
|
YTD 2002
|
YTD 2003
|
CHANGE
|
Pistons
|
680
|
664
|
-2.4%
|
Turboprops
|
74
|
68
|
-8.1%
|
Business Jets
|
264
|
184
|
-30.3%1
|
Total Shipments
|
1,018
|
916
|
-10.0%
|
Total Billings
|
$3.66B
|
2.83B
|
-22.6%
|
| |
|
|
|
|
1 Due to changes in accounting policies,
Bombardier Aerospace is not reporting Learjet deliveries for second
quarter 2003.
|
GAMA is a national trade association headquartered in
Washington, DC representing over 50 manufacturers of general
aviation aircraft, engines, avionics and related equipment. GAMA's
members also operate fleets of aircraft, fixed based operations at
many airports, and pilot training and maintenance training
facilities.
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