Aircraft
GAMA: 3Q Bizjet Deliveries, Billings Down
While business jets and helicopters saw declines, the turboprop market was in the black for the first three quarters of the year.
Business jet deliveries fell in the first three quarters compared with the same period last year. (Photo: Mariano Rosales)
Business jet deliveries fell in the first three quarters compared with the same period last year. (Photo: Mariano Rosales)

AIN Gamma charts first 9 months 2016 vs. 2015

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Business jet deliveries and total airplane billings fell year-over-year for the first three quarters of this year, according to statistics released last month by the General Aviation Manufacturers Association (GAMA). OEMs handed over 429 new business jets in the first three quarters, compared with 465 in the first nine months of last year, a slide of 7.7 percent. At the same time, industry billings shrank by more than $2 billion, 14 percent off last year’s third-quarter tally of $15.7 billion.