Cirrus Aircraft saw shipments of its SR22T increase in the second quarter of 2023. [Credit: Cirrus Aircraft]
Key Takeaways:
The general aviation market experienced strong growth in the first half of 2023, with consistent orders and easing supply chain constraints leading to increased shipments across all segments.
Rotorcraft shipments and billings showed particularly significant progress, with total helicopter billings increasing by nearly 30% over the first six months of the year.
Despite the positive trends, industry leaders caution that continued growth and U.S. aerospace leadership are contingent on stable FAA leadership and the successful passage of the FAA reauthorization bill.
The general aviation market rode through the second quarter of 2023 on a tide of consistent orders, with the clear relaxation of supply chain constraints adding to a nice bump in the numbers over Q1 and Q2 a year ago.
The net gain through the first half of 2023 puts the industry on even footing for measured growth year over year.
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