MEMBER ALERT: AOPA will be closed for the Thanksgiving holiday from 2:30 p.m. Eastern Nov. 26 until 8:30 a.m. Eastern Dec. 1.We are thankful for all of our AOPA members. Happy Thanksgiving!
November 1, 2013
By Jim Moore
Demand for business jets softened in the third quarter, while increased sales of pistons and turboprops helped make up some of the losses, according to data released Oct. 31 by the General Aviation Manufacturers Association.
Comparing the first nine months of 2012 and 2013, worldwide aircraft shipments increased 6.6 percent, while estimated revenue increased 24.5 percent to $15.4 billion, GAMA reported. The global picture masks some losses suffered by U.S. manufacturers, however: Cessna Aircraft Co. shipped 290 aircraft in the first three quarters of 2013, down from 371, a 22-percent decline, while Cessna’s reported revenue dropped 25 percent. Beechcraft Corp. posted a 1-percent drop in total revenue despite increasing the number of aircraft shipped by 45 percent, a reflection of the company’s decision to abandon jet production in favor of piston and turboprop lines.
Beechcraft officials were upbeat, telling the Wichita Eagle that the company has exceeded its sales targets for the year, and expects to exceed delivery targets as well.
“The business is already creating backlogs for 2014, and we see a fair amount of activity in the sales pipeline, so we believe that we will go into 2014 with a lot of momentum,” Beechcraft Executive Vice President of Sales and Marketing Shawn Vick told the newspaper.
Cirrus, meanwhile, vaulted past Piper in total revenue, posting a 38-percent increase to $125.5 million against Piper’s $114 million through the first three quarters of 2013 compared to the same period in 2012, when Piper enjoyed a $16 million edge in total revenue reported to GAMA.
GAMA President and CEO Pete Bunce said in a news release that the NBAA convention drew customers with a “positive mood,” and association members have “good reason to feel optimistic about the future.”
Noting the downturn in the jet market, Bunce said key policy changes could help reverse that trend.
“We are encouraged by the progress of initiatives such as the Small Airplane Revitalization Act—which will increase safety while reducing cost for both industry and government,” Bunce said. “In addition, GAMA continues to work with the FAA to quickly clear the backlog of deliveries that developed over the 16-day government shutdown and mitigate any adverse impact upon our critical fourth quarter numbers."
AOPA Online Associate Editor Jim Moore joined AOPA in 2011 and is an instrument-rated private pilot who enjoys competition aerobatics.
General Aviation Manufacturers Association,
Aircraft Power and Fuel
Pilots have a chance to double the impact of their donations to the AOPA Foundation as the nonprofit nears its goal for a matching gift challenge.
Tickets are available online for the Dec. 12 Wright Memorial Dinner in Washington, D.C., as the National Aeronautic Association honors R.A. "Bob" Hoover.
An Arizona airport ramp usually packed with business aircraft was transformed to a venue for fun and joy for 135 special-needs children and family members.
VOLUNTEER AT AN AOPA FLY-IN NEAR YOU!
SHARE YOUR PASSION. VOLUNTEER AT AN AOPA FLY-IN. CLICK TO LEARN MORE >>>
VOLUNTEER LOCALLY AT AOPA FLY-IN! CLICK TO LEARN MORE >>>
BE A PART OF THE FLY-IN VOLUNTEER CREW! CLICK TO LEARN MORE >>>