GAMA Q3 Shipment Report Mixed

Pia Bergqvist

Tuesday, November 10, 2015 at 09:59 PM ET

Verified

Key Takeaways:

The General Aviation Manufacturers Association (GAMA) reported an overall $600 million decline in billings for the first three quarters of 2015, dropping to $18.5 billion from $19.1 billion in 2014, following the U.S. Export-Import Bank's fund freeze.
Shipments for piston airplanes, turboprops, and turbine rotorcraft were particularly hard hit, all declining around 10 percent compared to the previous year's first nine months.
Conversely, the bizjet market showed strength with a 4.3 percent increase in shipments, while piston rotorcraft shipments remained largely stable.
GAMA's CEO called for quick reauthorization of the U.S. Export-Import Bank and extension of critical tax policies to provide greater market certainty.

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With the U.S. Export-Import Bank’s freezing its funds on July 1, the results of the General Aviation Manufacturers Association’s third quarter shipment and billing report was mixed. There was an overall loss over last year’s report for billings during the first three quarters of $600 million, from $19.1 billion in 2014 to $18.5 billion this year.

Particularly hard hit were the piston and turboprop airplane manufacturers as well as those of turbine rotorcraft, all of which declined around 10 percent. Compared with 2014, the combined numbers for the first nine months of the year showed a decline in shipments for piston airplanes of nearly 11 percent, from 806 in 2014 to 719 this year. Turboprops declined from 413 to 374 while turbine rotorcraft dropped from 525 to 480, a decline of 8.6 percent.