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Business jet deliveries set to tumble
02 March 2009
The General Aviation Manufacturers Association reports shipments down for the first time in five years, with business jets set to follow a 20% drop in piston aircraft deliveries.
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Worldwide deliveries of general aviation aircraft are down by over 7% according to the General Aviation Manufacturers Association (Gama), the first drop in five years. The fall is accounted for by the piston-powered segment, which saw shipments down by a fifth year on year. While turboprops and business jets showed strong growth of over 15%, these seem likely to follow the piston drop off within 18 months.
Industry billings reached $24.8 billion, a 13% increase over 2007, but this reflects orders placed during the strong economic years of 2006 and 2007. Mark van Tine, Gama chairman and president and CEO of Boeing subsidiary Jeppesen, says that despite increased revenues the industry is feeling the impact of the slowing world economy. "Many of Gama's member companies have been...
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