Monday, March 05, 2007

International increase for business jet market

The international market for business jets experienced sales of US$18.8 billion during 2006, an increase of 24.1% from the previous year, according to the General Aviation Manufacturers Association (GAMA).

The market boom proved lucrative for aviation plane manufacturers, with shipments of 4042 units identified last year, compared to 3580 aircraft in 2005. This was the first time sales exceeded 4000 since 1982.

"Worldwide economic growth, a strong export market and increased use of general aviation for both business and personal use all played a part in this outstanding year for general aviation," said John Grisik, chairman, GAMA.

The review attributes the growing international market as a factor for the increase in deliveries. Gamma also identified that despite the stability of the North American market, US general aviation manufacturers have reported a 60% increase in exports in 2006.

All categories across the aviation manufacture sector are said to have achieved shipments increase by double digits in 2006. Specifically, piston plane makers shipped 2750 piston aircraft, an 11.6% increase from 2005, with recognition being attributed to manufactures, Cessna Aircraft and Cirrus Design.

No comments: