GAMA Deliveries Decline Across All Segments in Q1/20
MAY 28, 2020 - 6:45 am
The General Aviation Manufacturers Association (GAMA) released its report of general aviation aircraft shipments and billings for Q1/20. Piston, turboprop, business jet and rotorcraft deliveries declined across all segments during Q1/20 as compared to Q1/19.
“While the year started off strong, the health and safety restrictions put in place to respond to the COVID-19 pandemic began to significantly impact global operations, supply chains and deliveries towards the end of the first quarter,” said GAMA President and CEO Pete Bunce. “Companies rapidly implemented a wide range of health protocols in accordance with local, regional and national level guidance to keep production, maintenance and training activity churning. Many companies then supplemented ongoing activities with the production and transport of health care materials needed by front line health care workers and communities across the globe. These actions serve as a testament to the adaptability and resilience of our industry’s incredible workforce who will play such a pivotal role in our recovery process.”
Comparing Q1/20 to Q1/19, piston airplane deliveries declined 11.7%, with 219 units; turboprop airplane deliveries declined 41.8%, with 71 units; and business jet deliveries declined 19.1%, with 114 units. The value of airplane deliveries through the first quarter of 2020 was $3.4 billion, a decline of approximately 21.3%.
Turbine helicopter deliveries for the first quarter of 2020, when compared to the first quarter of 2019, saw a decline of 18.3%, with 85 units; and piston helicopter deliveries saw a decline of 43.9%, with 37 units.
First Quarter Aircraft Shipments
Total Airplane Billings
Total Helicopter Billings
GAMA’s complete 2020 first quarter report can be found at gama.aero.
Like this story? Begin each business day with news you need to know! Register now for FREE Daily E-News Broadcast and start YOUR day informed!
Joe Nachbin’s passion for equipment finance was so strong, he remained dedicated to his work until two hours before he passed away in July 2022, according to his wife, Ruby Nachbin. Attorney and investment banker, Paul Bent, senior managing director... read more
Robert Preville is a serial entrepreneur and investor constantly on the move, having founded and led several high-growth companies in the B2B arena before leading APPROVE, an embedded finance software. Earning this year’s Disruptor Icon award, Preville’s approach to leadership... read more