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GAMA Reports Airplane Deliveries for Third Quarter

GAMA NEWS 03-28 For Immediate Release: Oct 24, 2003

WASHINGTON, DC, October 24, 2003 ─ Today, the General Aviation Manufacturers Association (GAMA) stated that in the first nine months of 2003, deliveries of general aviation airplanes totaled 1,602 units, a 9.3 percent drop from the same period last year, with industry billings dropping 24.4 percent to $6.43 billion.

Despite the overall downward trend in industry deliveries, shipments of piston-engine airplanes in the first nine months of this year were up 0.2 percent over the same period last year, from 1,099 units to 1,101 units. Meanwhile, shipments of turboprop airplanes declined 4.1 percent from 170 units to 163 units. Business jet shipments decreased from 498 units in the first three quarters of last year to 338 units this year.

GAMA President and CEO Ed Bolen said, “This is the third straight quarter in which piston deliveries have been in positive territory, and we hope that is a harbinger of better days for the entire industry. The piston numbers, a strengthening economy, and the bonus depreciation are generating cautious optimism among manufacturers.”

THIRD QUARTER SHIPMENTS OF AIRPLANES -MANUFACTURED WORLDWIDE

YTD 2002

YTD 2003

CHANGE

Pistons

1,099

1,101

+0.2%

Turboprops

170

163

-4.1%

Business Jets

498

338

-32.1%

Total Shipments 1,767 1,602 -9.3%
Total Billings $8.50B $6.43B -24.4%

THIRD QUARTER SHIPMENTS OF AIRPLANES -MANUFACTURED IN THE U.S.

YTD 2002

YTD 2003

CHANGE

Pistons

1,031

1,033

+0.2%

Turboprops

118

103

-12.7%

Business Jets

379

259

-31.7%

Total Shipments 1,528 1,395 -8.7%
Total Billings $5.39B $4.23B -21.6%

Communications Director:
Sarah McCann: smccann@gama.aero
General Aviation Manufacturers Association
www.GAMA.aero
Headquarters: (+1) 202-393-1500
European Office: (+32) 2 550-3900

GAMA exists to foster and advance the general welfare, safety, interests, and activities of the global business and general aviation industry. This includes promoting a better understanding of general aviation manufacturing, maintenance, repair, and overhaul and the important role these industry segments play in economic growth and opportunity, and in serving the critical transportation needs of communities, companies, and individuals worldwide.