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 their multi-year downward trend in the first half of 2016, with shipments decreasing 4.5% to 970 units and billings falling 11% to $9.3 billion.
- The decline was broad-based, affecting all categories, with rotorcraft experiencing the most significant drop in shipments at 16.7%, alongside declines in piston aircraft, turboprops, and business jets.
- GAMA's CEO highlighted manufacturers' efforts to innovate and regain momentum but criticized Congress for failing to reform the "outdated and overly prescriptive" aircraft certification process.
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