AIA: General Aviation Shipments Projected to Reach $12.7B



According to a report from the U.S. Aerospace Industries Association (AIA), general aviation shipments are projected to reach 1691 units by year end. This is an increase of 4.7% over 2013 for a total value of $11.9 billion. Projections for 2015 are for 1742 units at a value of $12.7 billion.

As of the third quarter, general aviation shipments worldwide were 1,678 aircraft, up 6.2%. Billings rose 3.9% with a figure of $16.0 billion.

Piston-engine aircraft and business jet deliveries were up, 10.3% and 9.3% respectively, while turboprop shipments were down 4.2%.

There were also several significant achievements in general aviation this year. Beechcraft celebrated two milestones with their King Air twin-turboprop line. They marked the 50th year of King Air production and the first anniversary of the largest general aviation turboprop aircraft order in history — 105 King Air 350i aircraft including maintenance, service and support to WheelsUp.

Cessna’s mid-size Latitude business jet made its public debut this year and continued its certification flight test program. Type certification of the aircraft is expected in the second quarter of 2015.
Gulfstream manufactured its 100th G650 business jet and announced two all-new business jets, the G500 and G600.

To read the entire AIA report, click here.

Leave a comment

View Latest Digital Edition

Terry Mulreany
Subscriptions: 800 708 9373 x130
terry.mulreany@monitordaily.com
Susie Angelucci
Advertising: 484.459.3016
susie.angelucci@monitordaily.com

View Latest Digital Edition

Visit our sister website for news, information, exclusive articles,
deal tables and more on the asset-based lending, factoring,
and restructuring industries.
www.abfjournal.com