First quarter aircraft and helicopter shipments soft

First quarter aircraft and helicopter shipments soft

First quarter aircraft and helicopter shipments soft

biz-aircraft-heli-ship-1-qtr

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