Aero-TV: GAMA's 2008 Annual Industry Review (Part 1 Of 3, With A

2007 Was Another Record Year (Thankfully) For GA Manufacturers
Just this past week, leaders of the General Aviation Manufacturers Association (GAMA) announced that the 2007 year-end shipment figures for the general aviation industry have led to another record high in industry billings.

Speaking at GAMA’s Annual Industry Review and Market Outlook Briefing, GAMA Chairman and Chairman and CEO of Cirrus Design Corporation, Alan Klapmeier, reported that a strong worldwide market, especially outside of North America, was a driving factor for general aviation in 2007. “As these economies continue to expand, we expect general aviation to play an ever increasing role in these regions.”

Klapmeier added, “Manufacturer backlogs are strong and we think this bodes well for 2008 and the years beyond.”

Record industry billings totaled $21.9 billion, eclipsing last years’ figure by 16.5 percent. Year-end, worldwide shipments of general aviation airplanes totaled 4,272 units, the most in more than a quarter century and up 5.4 percent over the previous year's total of 4,053 units. Aside from the record set for year-end billings, the industry also experienced an all-time high in business jet shipments, delivering over one thousand units for the first time in history.

The piston airplane segment was down 2.9 percent in 2007, but still posted the second best year in over two decades. Total units decreased from 2,755 in 2006 to 2,675 in 2007. Shipments of turboprops increased 11.4 percent, up from 412 units in 2006 to 459 units in 2007. Business jet shipments reached an all-time high of 1,138 units, up 28.4 percent over last year’s figure of 886 airplanes.

Join Aero-TV in Part One of the Three-Part episode that features Alan Klapmeier's presentation... and then join us later next week for the Three Part Aero-TV presentation featuring GAMA's President Pete Bunce.

FMI: www.gama.aero

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