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GAMA Report: Aircraft Sales Way Down in First Half of 2011

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Key Takeaways:

  • The general aviation manufacturing industry experienced significant economic hardship in the first half of 2011, with worldwide airplane shipments dropping 15.5% and total billings decreasing 22.3%.
  • All aircraft sectors were impacted, with business jet shipments falling 26.5%, and piston-powered airplanes and turboprops also seeing decreases of 8.7% and 8.9% respectively.
  • The General Aviation Manufacturers Association (GAMA) criticized President Obama, accusing his administration of "political demagoguery" for proposing to extend the depreciation period for business aircraft, arguing it further harms the struggling industry.
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Economic hardship continues to challenge general aviation aircraft manufacturers, and a disappointing first six months of 2011 underscored that point.

According to aircraft shipment and billing figures recently released by the General Aviation Manufacturers Association (GAMA), airplane shipments worldwide dropped 15.5 percent during the first half of 2011 compared to the same time frame last year, while total billings dropped 22.3 percent.

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