|General Aviation Manufacturers See Growth Recovery
GENERAL AVIATION MANUFACTURERS SEE STRENGTH AND CONTINUED RECOVERY IN FIRST
(Source: General Aviation Manufacturers Association)
OSHKOSH, WI, July 28, 2005 ─ Today, the General Aviation Manufacturers
Association (GAMA) announced that billings for general aviation airplanes rose
in the first half of 2005—up 31.6 percent compared to the same period last year
while shipments were up 38.1 percent.
“We are seeing the influence of industry innovation, a continued healthy
economy and the effects of accelerated depreciation,” said GAMA President &
CEO Pete Bunce. “All segments of the industry are pointing up which is
generating optimism for a continuation of the industry’s recovery.”
Shipments of piston-powered airplanes manufactured worldwide in the first
half of ‘05 were up 309 units from last years 773 to 1,082. Turboprop shipments
increased from 110 airplanes in the first half of 2004 to 141 this year.
Business jets were also up with first half shipments increasing 36.6 percent,
from 238 units last year to 325 units this year.
Bunce added, “More and more corporations are taking advantage of the
efficiencies of private travel in business turbine aircraft and we are seeing a
similar trend in the piston market where company employees are choosing to fly
themselves to their business destination. We are also seeing the influence of
safety enhancing advanced avionics becoming standard equipment on more and more