GAMA Numbers Show Continuing Health of General Aviation Market

The general aviation manufacturing industry saw more than 10 percent growth year over year through third quarter 2023, with pistons and turboprops the biggest winners.

Julie Boatman

Wednesday, November 22, 2023 at 01:58 PM ET

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Jet deliveries rose only slightly through the first nine months of 2023, but Embraer posted significant gains, even ahead of the NBAA-BACE debut of its Phenom 100EX. [Julie Boatman]

Key Takeaways:

The general aviation market continued its upward trend through Q3 2023, with total aircraft shipments increasing 10.1% year-over-year and billings also on track to surpass 2022.
This growth was primarily driven by strong performances in the piston and turboprop segments, which saw shipment increases of 11.9% and 14.6% respectively.
The business jet segment experienced a modest 2% increase, partly impacted by certification delays for new aircraft models.
Despite challenges like supply chain issues and global instability, the industry demonstrated resilience and looks forward to improved regulatory processes with a new permanent FAA administrator.

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The general aviation market continues its upward trend following the pandemic, according to the latest update from the General Aviation Manufacturers Association. GAMA released its report catching up on the year through the third quarter late Tuesday. Overall, aircraft shipments increased 10.1 percent year over year from 2022. The growth further claws back ground over 2021 and 2020, and continues to gain over 2019 levels.

Total billings are on track to surpass 2022 as well, with $14.478 billion in airplane billings through the third quarter, and $2.695 billion in helicopter billings thus far. Totals through Q3 2022 were $14.117 billion and $2.557 billion, respectively.