The General Aviation Manufacturers Association released the 2014 third quarter general aviation aircraft shipment report that showed worldwide shipments increased 5.7% to 1,678, and billings rose to $16.0 billion, up 4.0%.
Business jet shipments were up 9.3% over last year, from 421 units to 460 units in 2014. Piston-engine airplane shipments increased 9.2% to 806 units in the first nine months of 2014, compared to 738 airplane shipments in the same period last year. Turboprop airplane shipments were down 3.7% to 412 units this year.
“The optimism about the general aviation market on display at NBAA’s convention last week is reflected in the continued recovery of the business jet and piston-engine segments this quarter,” GAMA president and CEO Pete Bunce said. “New products are helping to fuel our industry’s continued growth as we continue to emerge from the recession.