The industry has seen record numbers in the years after the pandemic. The General Aviation Manufacturers Association (GAMA) held its State of the Industry press conference on Feb. 22 and spoke of increasing sales for GA aircraft. While demand is still at an unprecedented level, the business jet market saw stagnation in the numbers with an increase of just two from 2021.
RELATED STORY:
Continued innovation can maintain strong GA industry, GAMA addresses challenges that could hinder long-term growth
GAMA reported there was an increase of six percent with an increase in shipments and preliminary deliveries valued at $26.8 billion. In 2021, there were 710 shipments of business jets and in 2022 there were 712. While 712 is still higher than the 644 sold in 2020, it is lower than the 809 sold in 2019. The increase in numbers continues with GA aircraft while business jet numbers have lost momentum.
Some companies had standout years, with Bombardier selling a total of 123 aircraft between the final Learjet models, the Challenger series aircraft and the Global series aircraft, reaching over $6 billion in sales. Dassault sold 32 models and reached $1.7 billion in sales, all from results found in the second and fourth quarter sales.
Embraer achieved 102 sales for their Phenom and Praetor series aircraft, amassing $1.3 billion in sales and the 300 series ranked as the world’s best-selling light jet for the 11th consecutive year.
Gulfstream reached 120 and $6.6 billion in sales, with the largest number sold in the fourth quarter. Many manufacturers see a boost in sales during the fourth quarter as many customers rush to finish deals before the year ends. Gulfstream brought in the most with billing and was followed by Bombardier.
Textron Aviation sells a variety of makes and models ranging from piston aircraft to jets. In total, the company had 568 sales for the year and reached $3.6 billion in total billings. The Citation models sold 178 in 2022.
According to AirDataNews, midsize to super-midsize business jets showed the highest growth rate.
Despite only a 0.3 percent increase in business jet sales, numbers remain high. While the BizAv market might not be rapidly growing, it is still thriving.
GA aircraft have been rapidly increasing since the pandemic with more people than ever buying planes and taking to the skies. Piston airplanes saw an 8.2 percent change with 1,524 units and turboprops saw a 10.4 percent change with 582 units. Piston helicopters had a 7.2 percent change with 194 units, turbine helicopters had a 7.6 percent change with 682 units and total helicopter billing increased by 6.8 percent to $4 billion.
Many GA manufacturers saw an increase from 2021 or at least a continued improvement from pre-pandemic numbers. Cirrus saw 629 total units shipped and total billing was $765 million and Pilatus sold 123 units and billing was $908 million. Piper Aircraft sold 236 units and billing reached $273 million and Textron sold multiple GA models, included in its total of 568.
The total value of airplane deliveries for 2022 was $22.9 billion, a 5.8 percent increase. Despite criticism in the industry with outdated NOTAM technology and increasing runway incursions as the FAA is up for reauthorization this fall, the numbers clearly show the industry is still on a rise.
Many believe the industry will normalize this year and numbers from early 2023 may indicate the upward trend has reached a plateau. After an unprecedented few years, even if the market returns to normal numbers, the industry has seen positive change and growth that will not be easily reversed.
Contact
Name: Haley Davoren
, Digital Content Manager
Company: GlobalAir.com
Website: https://globalair.com
Email: [email protected]
Phone: 502-456-3934
©2023 GlobalAir.com, Haley Davoren. All rights reserved.
Recent Comments