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GAMA Report: Aircraft Sales Way Down in First Half of 2011

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Key Takeaways:

  • General aviation aircraft manufacturers faced significant economic hardship in the first half of 2011, with worldwide airplane shipments dropping 15.5% and total billings decreasing 22.3% compared to the previous year.
  • This decline was most pronounced in business jet shipments, which fell by 26.5%, while piston-powered and turboprop aircraft also saw decreases of 8.7% and 8.9% respectively.
  • GAMA criticized President Obama for proposing to extend the depreciation period for business aircraft, arguing that such policies harm the industry and jeopardize manufacturing jobs.
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Economic hardship continues to challenge general aviation aircraft manufacturers, and a disappointing first six months of 2011 underscored that point.

According to aircraft shipment and billing figures recently released by the General Aviation Manufacturers Association (GAMA), airplane shipments worldwide dropped 15.5 percent during the first half of 2011 compared to the same time frame last year, while total billings dropped 22.3 percent.

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