Aircraft billings up 3.2 percent during first quarter

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Total aircraft billings were increased 3.2 percent to $4.7 billion during the first three months of 2024 compared to 2023, according to the recent First Quarter 2024 General Aviation Aircraft Shipment and Billing Report.

Business jet deliveries increased 8.5 percent when compared to the same period in 2023, but other sectors were flat or saw decreases.

Piston airplane deliveries and piston helicopter deliveries were flat.

Turboprop deliveries decreased 7.7 percent, and turbine helicopter deliveries dropped 14.4 percent.

“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,” Pete Bunce, General Aviation Manufacturers Association (GAMA) president and CEO said. “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.”

GAMA, an international trade association representing aviation industry members, published the results.