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Mixed Results For General Aviation Sector In 2015

by Mike Godfrey, Tax-News.com, Washington

26 November 2015


Figures published by the General Aviation Manufacturers Association (GAMA) in the United States show a mixed picture for the general aviation sector in the first nine months of 2015, with business jet deliveries increasing, but piston and turboprop aircraft deliveries declining.

Third quarter 2015 shipment and billing data for the general aviation manufacturing industry published by GAMA on November 6 shows that a total of 2,243 airplanes and rotorcraft were shipped in the first nine months of 2015, for a combined value of USD18.5bn. Business jet deliveries were particularly strong in the first nine months of 2015 with 465 units delivered compared with 446 units in 2014, a 4.3 percent increase.

Piston rotorcraft deliveries remained steady, matching last year's shipment rate at 205 aircraft year-to-date. However, piston airplane shipments declined from 806 units to 719 units, a 10.8 percent reduction, and turboprops declined from 413 units to 374 units, a 9.4 percent reduction. The industry shipped 480 turbine rotorcraft, down 8.6 percent compared to last year.

GAMA President and CEO Pete Bunce said that the agricultural aircraft sector of the turboprop market had been hard hit by the US Export-Import Bank's inability to make new financing guarantees since July 1. However, while he described the industry's overall performance as "mixed" in the first three quarters of 2014, Bunce said that new and recently certified business jet models helped raise overall billings. Nevertheless, Bunce urged Congress to approve the Surface Transportation Bill, to which re-authorization of the Export-Import Bank is attached, as quickly as possible.

"We also hope Congress will move quickly to extend critical tax policies, providing greater certainty to the market going forward," Bunce added.

TAGS: business | aviation | manufacturing | United States

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