Washington, DC

GAMA releases 'mixed' Q1 2024 Shipment and Billing Report, but industry remains solid

The General Aviation Manufacturers Association (GAMA) published the First Quarter 2024 General Aviation Aircraft Shipment and Billing Report on Wednesday (29th May).

The results for the first three months of 2024 when compared to the same period in 2023, show deliveries were flat for piston airplanes and piston helicopters, decreased for turboprops and turbine helicopters, and increased for business jets. Total aircraft billings were up 3.2% at $4.7bn.

“While the first three months of the year produced a mixed report, the health of the industry remains solid with robust order backlogs strong across all segments," said Pete Bunce, GAMA President and CEO.

"Our industry continues to be challenged by significant supply chain issues across the board that range from raw materials, through forgings and castings, to basic parts availability. These challenges are most acute in our engine sector. Workforce availability is yet another area that is constraining production.

"However, we are encouraged to see deliveries of business jets continue to increase and remain optimistic that this trend will include other aircraft segments as the year progresses. It is also encouraging for the industry to have a long-term reauthorization of the FAA passed into law and the new leadership atop both the FAA and EASA working to strengthen the effectiveness of their bilateral relations and work. These factors will help the industry move forward with new and enhanced technologies, products and innovations.”

Aircraft shipments through the first quarter of 2024, when compared to the same period in 2023, showed piston airplane deliveries were flat with 292 units compared to 290 units last year, turboprop deliveries decreased 7.7% with 108 units, and business jet deliveries increased 8.5% with 127 units.

Helicopter shipments through the first quarter of 2024, when compared to the same period in 2023, showed piston helicopter deliveries were flat with 53 units compared to last year’s 56, and turbine helicopter deliveries decreased 14.4% with 131 units.

Three Month Aircraft Shipment and Billing

GAMA’s complete 2024 first quarter report can be found at gama.aero