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Recovering From 2020

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Key Takeaways:

  • General aviation aircraft deliveries in 2020 dropped significantly in value to $22.8 billion, a sharp decline from $27.8 billion in 2019, primarily due to the COVID-19 pandemic.
  • Unlike other categories, piston airplane deliveries remained surprisingly steady, declining by less than one percent, with specific manufacturers like Cirrus, Piper, and Diamond showing strong performance.
  • Turboprop, business jet, and helicopter deliveries, however, experienced substantial declines, falling between 15 and 20 percent compared to the previous year.
  • Despite global headwinds, there is strong demand for general aviation products and services, with some industry segments showing a solid rebound in the fourth quarter of 2020, although supply chain issues and travel barriers remain challenges.
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Life is what happens to you while you’re busy making other plans,” a quote attributed to Allen Saunders and popularized by John Lennon, might be thought of as a pithy summary of 2020, a year that started with great promise and ended, at best, with uncertainty. Along the way, we all learned new things we would have preferred not to, and likely were unable to do things we had long planned. What 2021 will end up like is anyone’s guess but—as far as general aviation is concerned—we at least have data on how it’s starting.

The numbers come courtesy of the General Aviation Manufacturers Association (GAMA), which in February announced its 2020 year-end aircraft billing and shipment numbers. According to the organization, aircraft deliveries during the year were valued at $22.8 billion, a sharp drop when compared to $27.8 billion in 2019. Somewhat surprisingly, at least to us, piston airplane deliveries turned out to be relatively steady, with a decline of less than one percent, while turboprop, business jet and helicopter deliveries declined between 15 and 20 percent when compared to 2019.

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