The General Aviation Manufacturers Association released its quarterly aircraft shipment report showing a mix of ups and downs for the market. While total billings dropped by 12 percent, from $4.63 billion in the first quarter of 2016 to $4.09 billion this year, the report was far from bleak.
GAMA Shows Mixed Results in Q1 Aircraft Shipment Report
Key Takeaways:
- The General Aviation Manufacturers Association (GAMA) reported mixed results for Q1, with total billings dropping by 12% despite an overall increase in aircraft deliveries from 422 to 434.
- Airplane shipments saw increases in piston, jet, and single-engine turboprop segments, but twin turboprops nearly halved. The helicopter segment's billings decreased by 17% due to lower-valued sales, even as deliveries increased.
- GAMA's CEO emphasized the critical need for certification reform legislation to streamline processes, facilitate new product introductions, and drive future growth in the aviation manufacturing market.
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