AVJET CORPORATION MARKET TRENDS >
GAMA REPORT: LARGE CABIN AIRCRAFT A COUNTERPOINT TO SLOW 2010 MARKET
February 23, 2011
The General Aviation Manufacturers Association (GAMA) reported a total of 763 bizjet deliveries in 2010, a 12-percent decrease from 2009 and a drop of nearly 42 percent from the industry high of 1,313 set in 2008. 2010 thus represented the lowest number of turbine-powered aircraft deliveries since 2005. Despite the reduced numbers, industry billings increased by 1.2 percent, to $19.7 billion, based largely on the continuing strength of the large-cabin, long-range segment. 78 percent of U.S. business jet purchases in 2010 were cash transactions, as opposed to financed, up by 13 percent over the figure for 2009. Business is rebounding in the large cabin long-range market, partly because the regions of the world that are buying airplanes need the extended capabilities of these aircraft. This trend was evident in Avjet's large number of transactions of Gulfstream, Boeing Business Jet (BBJ) and other large cabin aircraft.
About Avjet
Avjet Corporation is an international provider of aircraft charter and management solutions. Specializing in large-cabin, VIP aircraft, the company also offers expert assistance in aircraft sales and acquisitions. Avjet’s clients maximize the many benefits of private aviation, while reducing the cost and complexity of aircraft ownership. Avjet holds the highest safety ratings by the world’s leading auditing services.
The company is headquartered in Burbank, California, and maintains a global presence in Washington D.C., Seoul, Dubai, Abu Dhabi, Moscow and other locations around the globe.
To learn more about the company, visit www.avjet.com.
