Business and general aviation fixed-wing aircraft billings soared last year, increasing by 14.3% to reach $26.7 billion, as shipments improved by 3% to 3,162 units, the General Aviation Manufacturers Association (GAMA) reported today. Meanwhile, helicopter billings improved by about 10% to $5.2 billion on 1,035 shipments, a 2.5% increase from 2023.
Releasing its 2024 shipment and billings report during its annual State of the Industry press conference in Washington, D.C., the association noted that collectively, values reached nearly $32 billion. “It is notable that for the first time in a decade, our companies again exceeded $30 billion in annual billings and for the second year in a row, we shipped more than 4,000 units,” said Pete Bunce, who presided over his final State of the Industry event as president and CEO of GAMA. “This strong performance provides great momentum into 2025, but it is essential that policymakers and regulators on both sides of the Atlantic recognize that for continued growth, they must work with industry on policy issues such as taxes, trade, regulations, and supply chain.”
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