Second quarter data released Friday by the General Aviation Manufacturers Association (GAMA) showed aircraft billing figures continuing their downward, across-the-board slide, a trend that began in 2014. Aircraft shipments in the first half of 2016 declined 4.5 percent to 970 units, while billings fell 11 percent from $10.4 billion to $9.3 billion. By comparison, the second quarter 2015 numbers showed a drop in aircraft shipments of 9.1 percent to 1,015 units, with billings declining 4.6 percent to $10.4 billion.
GAMA Numbers Show Aircraft Deliveries Still Sliding
Key Takeaways:
- General aviation aircraft shipments and billings continued a downward trend in the first half of 2016, with shipments falling 4.5 percent to 970 units and billings declining 11 percent to $9.3 billion.
- All segments of the industry experienced declines, with rotorcraft shipments plummeting 16.7 percent, piston aircraft down 4.5 percent, turboprops nearly 5 percent, and business jets down 4.3 percent.
- GAMA's CEO highlighted manufacturers' efforts to innovate but criticized Congress for its "collective failure" to reform the "outdated and overly prescriptive certification process."
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