GAMA: H1/17 Business Jet Shipments Flat; Total Aircraft Billings Decline
AUG 16, 2017 - 6:35 am
According to the General Aviation Manufacturers Association, in the first six months of 2017, there was a 1% increase in business jet shipments, with 295 recorded. This corresponded with a 2.7% increase in total airplane shipments, as shipments reached 995.
However, total billings equaled $9 billion, which was down 3.4% from the first half of 2016.
“Results for the second quarter of this year are very much like the first – mixed, with some bright spots,” said GAMA President and CEO Pete Bunce. “We hope rule rewrites in the U.S. and Europe, reorganization of the FAA certification directorate and ongoing certification and regulatory reform efforts in Congress, including fuller utilization of the delegation authorization, will spur higher numbers in future quarters this year and the next.”
The piston airplane segment led the industry in unit improvement at a 5.6% increase compared to the same period in 2016. Business jet shipments increased by three units to 295 deliveries over the first six months of 2017. The turboprop segment was down 0.9%, or two units, in the first six months of 2017 compared to the same time period last year.
Third-party originators (TPOs) play a crucial role for the customers and vendors they service and the partners who rely on their expertise and volume of business. TPOs who focus on equipment finance are a sophisticated group of entrepreneurs who care... read more
The first thing you see when you walk through the door of Auxilior Capital Partners’ office is the company’s logo, which features a scarlet prancing bull in the center of a cobalt shield, flanked by a pair of crossed swords,... read more