Decline Slows in GA Deliveries
November 8, 2011 – Worldwide GA airplane deliveries are still down – they dropped 9.8 percent after three quarters as compared to the same period last year – but the rate of decline has slowed from earlier this year according to figures released by the General Aviation Manufacturers Association (GAMA) this week. In the first nine months of 2011 deliveries totaled 1,227 units compared to 1,362 in 2010, and billings fell from $13.5 billion to $12.1 billion over the same period, or 10.2 percent.
“These shipments and billings numbers show some improvement over the sharper decline experienced in first half of 2011,” said Pete Bunce, GAMA’s president/CEO. “However, considering the fragility of the economies in the traditional markets of North America and Europe, this is not the time for new, undue government burdens to be imposed on general aviation. Misguided tax policies that single out our industry unquestionably endanger jobs. Policymakers should be focused on initiatives that encourage investment in our industry and grow jobs.”
Piston shipments in 2011 totaled 577 versus 633 in 2010 - down 8.8 percent – while turboprops fell 5.9 percent from 237 to 223. Business jets shipments dropped from 491 to 427 units, or 13 percent.
Cessna, Piper report increases
Cessna Aircraft’s third quarter results showed a considerable turnaround from 2010 with 165 overall deliveries compared to 103 a year ago, a 60 percent increase. Year-to-date deliveries total 424 compared to 347, or 22 percent. Billings rose 58 percent for the quarter, from $286.4 million to $451.2 million, and 24 percent YTD, from $869.3 million to $1.09 billion.
Piper Aircraft reported its year-to-date new aircraft sales revenue grew to $92.5 million at the end of the third quarter of 2011 compared to $77.6 million during the same period in 2010, a 19 percent increase. According to GAMA figures, Piper had 34 aircraft deliveries and $35.3 million in revenue in the third quarter compared to 32 aircraft and $28.1 million last year, up 25 percent and driven largely by an increase of M-Class aircraft deliveries from 17 to 21. Overall deliveries dipped from 107 at this point in 2010 to 93 this year.
Although GAMA figures show a decrease in Cirrus Aircraft deliveries (61 to 48), the company reported this week it had completed 68 aircraft, with 20 currently in transit from Duluth, Minnesota, to the Civil Aviation Flight University of China (CAFUC) in Luoyang, China. Total third quarter Cirrus billings reported by GAMA show a 4 percent decrease in the third quarter, from $35.1 million in 2010 to $33.6 million, and a 3 percent drop YTD from $105.9 million to $103 million.
For complete third quarter results from GAMA, click here.