Fri, Jul 30, 2004
In the midst of a
torrent of Oshkosh news, GAMA has announced that billings for
general aviation airplanes rose significantly in the first half of
2004—up 16.6 percent compared to the same period last year.
Shipments, however, were down 1.7 percent.
“Strong deliveries in the business jet and turboprop
markets drove the increase in billings,” said GAMA President
& CEO Ed Bolen. “Although piston shipments saw a small
dip in the second quarter, current production schedules and healthy
sales volume across the board make us increasingly confident that
2004 will be an up year for all segments of the GA
market.”
Shipments of piston-powered airplanes manufactured worldwide in
the first half of 2004 were down 36 units in 2004, 773 from last
year’s 809. Turboprop shipments increased from 99 airplanes
in the first half of 2003 to 110 this year. Business jets were also
up with first half shipments increasing 2.6 percent, from 234 units
last year to 240 units this year.
Bolen added, “The recovery is well underway and should
continue through the balance of the year, but we still need to
solidify the outlook for 2005 by extending bonus depreciation as
soon as Congress reconvenes in September.”
The extension of bonus depreciation is included in the
comprehensive tax bill that Congress is expected to pass this fall.
Prompt passage of the tax bill is GAMA’s top legislative
priority.
First Half 2004 Vs 2003 Shipments Of Airplanes
Manufactured Worldwide
|
|
|
2003
|
2004
|
CHANGE
|
| Pistons |
809
|
773
|
-4.4%
|
| Turboprops |
99
|
110
|
+11.1%
|
| Business Jets |
234
|
240
|
+2.6%
|
| Total Shipments |
1,142
|
1,123
|
-1.7%
|
| Total Billings |
$4.22B
|
$4.92B
|
+16.6%
|
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