The General Aviation Manufacturers Association (GAMA) released the industry’s shipment and billings figures for the first quarter. In the first three months of 2012, total worldwide general aviation (GA) airplane shipments fell 2.1%, from 377 units in 2011 to 369 units this year. Billings for general aviation airplanes totaled $3.39 billion in the first three months, down 8.0%.
Business jet shipments totaled 122 units, a 4.7% decrease over the 128 units delivered during this same period in 2011.
Piston-powered airplane shipments totaled 184 units in the first three months of 2012 compared to 188 units delivered during the same time period in 2011, a 2.1% decrease. Turboprop shipments were up 3.3% from 61 units in 2011 to 63 units in 2012.
“The first quarter shipment data shows mixed performance across the segments,” said GAMA's President and CEO, Pete Bunce. “One continuing concern is the lack of available financing around the world. An important step forward would be for the U.S. Congress to quickly reauthorize the Export-Import Bank. The lending authority of the bank spurs sales which are essential to revitalizing the manufacturing sector. The House passed their version of the legislation yesterday and we urge the Senate to quickly follow-suit."
Read the full GAMA press release.