1Q business jet deliveries nosedive
Shipments of new business jets in the first quarter plummeted nearly 43 percent compared with last year’s first quarter, according to figures compiled by t
Shipments of new business jets in the first quarter plummeted nearly 43 percent compared with last year’s first quarter, according to figures compiled by the General Aviation Manufacturers Association.
The figures show that manufacturers delivered just 98 business jets in the first quarter versus 173 in the same period last year. In stark contrast–thanks mainly to the significant increase in shipments of the Socata TBM 700–deliveries of business turboprops in the two comparable periods remained essentially the same–27 in the first three months of this year and 28 in the same time frame a year ago.
Interestingly, the 316 piston singles shipped in this year’s first quarter exceeded last year’s first-quarter shipments by three airplanes.
