GAMA Reports 3Q Shipments For GA Airplanes
/Yesterday, the General Aviation Manufacturers Association (GAMA) announced 3Q shipment and billings figures. GAMA reported world's aircraft manufacturers delivered 1,357 general aviation aircraft (634 pistons; 232 turboprops; 491 business jets) worth $13.5b in January-Sept 2010 vs 1,588 (679; 293; 616) worth $13.8b a year ago.
"Despite another drop in total shipments and billings, we believe that the longer-term outlook for general aviation is positive. Our industry is coming off of a successful National Business Aviation Association (NBAA) convention and we are encouraged by the sales announcements and a more positive outlook overall as discretionary spending starts to pick back up on a global level," said Pete Bunce, GAMA’s president and CEO.
“I am especially encouraged by the resources general aviation manufacturers are expending on the research and development of new products,” said Bunce. “Recovery indicators continue to fluctuate, but one positive indicator - the investment in new airplanes and technology – is solid. GA manufacturers are clearly looking toward the future and will be poised for a strong return when the economy fully recovers.”