First quarter aircraft and helicopter shipments soft

Source: GAMA
Key Points:
- Weakness across the board for General Aviation shipments
- While piston aircraft shipments were flat for the 1st quarter of 2015 vs. 2016, turboprop and business jets were down materially
- Value of all aircraft shipments was down double digits
- Helicopters down significantly as well with value of shipments for helicopters down by 30%
- Bombardier shipments down 31%, Gulfstream 16%, and Cessna 19%
- Depressed figures a result of global economic weakness and some retrenchment in the oil sector