Business jet market flexes its muscles
Describing last year as a “turnaround” for the industry, the General Aviation Manufacturers Association (GAMA) last month credited both the bonus depreciat
Describing last year as a “turnaround” for the industry, the General Aviation Manufacturers Association (GAMA) last month credited both the bonus depreciation allowance and the growing U.S. economy for changing what had been forecast
to be a year of stabilization into one of industry growth.
Industry billings totaled $11.9 billion–the third highest ever and a 19.1-percent increase over 2003 billings. The total number of airplanes shipped last year increased to 2,963, a 10.3-percent increase above the previous year. Airframers shipped 591 business jets last year compared with 518 in 2003. Builders also delivered 245 business turboprops last year versus 211 in the previous year.
