The General Aviation Manufacturers Association (GAMA) published first quarter 2015 aircraft shipment results. Total airplane shipments declined 15.2% from 520 during Q1/14 to 441 in Q1/15. Airplane billings were down 12.6% from last year to $4.5 billion. Business jet shipments of 133 were down 13.6% from 154 shipments in Q1/14.
Rotorcraft shipments declined by 18.3% to 188 aircraft delivered in Q1/15 while billings were down 17.9% to $0.8 billion.
“The first-quarter numbers show that, while our industry has been gaining traction over the past few years, we face some renewed headwinds in several regions of the world, including Asia, parts of Europe, and Latin America,” said GAMA president and CEO Pete Bunce. “Our industry is focused on regaining momentum, but we need the U.S. Congress to be a strong partner and reauthorize the Export-Import Bank before the June 30 deadline. It is time to stop playing political games with industry jobs. Congress needs to move ahead and pass reauthorization quickly to ensure a level global playing field and provide needed stability in a difficult market.”
To view the full General Aviation Manufacturers Association news release, click here.
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