November 22, 2004

More Positive Signs for General Aviation

Since September 11th the general aviation industry has been in recovery mode. Today the General Aviation Manufacturers Association (GAMA) released some findings the show that industry is showing signs of strong recovery.

The general aviation industry continued a strong recovery through the third quarter of 2004, according to the GAMA. Billings were up 15.9% to $7.8 billion for the first nine months of 2004, while total units rose 7.7% to 1,928.

"Recovery of the U.S. economy and accelerated depreciation enacted by Congress for operators of new airplanes stimulated every segment of our industry," said Ron Swanda, GAMA's interim president. "But the growing, worldwide attraction of using general aviation airplanes for safe and efficient air travel is a fundamental growth factor that should not be overlooked."

One of the biggest growth areas was in the production and sales of business jets which is up 10.4%, from 355 units last year to 392 units this year. Read the whole report on the GAMA site.

Posted by at November 22, 2004 9:04 PM
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