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1H17 Bizjet Shipments Rise, Turboprops Cool Down

Business and general aviation manufacturers reported another quarter of mixed results with the total number of piston, turboprop and business jet deliveries in the second quarter of 2017 edging up 2.6 percent, while billings suffered a 1.2. percent decline, according to the General Aviation Manufacturers Association. GAMA today released the second quarter shipment results, reporting 561 total fixed-wing shipments in the three months ended June 30, compared with 547 shipments in the same period of 2016. Total billings for fixed-wing aircraft in the second quarter of 2017, meanwhile, inched down to $5.311 billion. This compares with $5.376 billion a year earlier.  (GAMA plans to release helicopter results in a separate report.)

For the first half, total deliveries similarly were up 2.7 percent to 995 units, while billings softened 3.4 percent to $9 billion. Despite five fewer shipments in the second quarter, business jet shipments rose 1 percent, to 295, in the first half.

Meanwhile, deliveries of pressurized turboprops fell 9.6 percent year-over-year in the first half, to 104 aircraft. Notably, King Air deliveries plummeted 58.1 percent in the first six months, to 31 units, while Pilatus PC-12 shipments sunk 22.5 percent, to 31 aircraft. But turboprop deliveries at Piper soared 87.5 percent in the first half as it ramped up M600 production. Shipments at Daher also climbed 27.8 percent in the period, to 23.

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Bizjet, GAMA

U.S. Bizav Flying Up in July, but Part 91 Still a Drag

According to Argus TrakPak data released yesterday, last month was the busiest July for business aircraft flying since 2009, but the 1.4 percent year-over-year increase was driven by charter and fractional activity. Notably, there was a 9 percent drop in overall activity during the July 4th holiday week, it said. Flight activity missed the company’s forecast for 4.3 percent growth in July, but Argus predicts a 3.3 percent rise this month.

Last month's results were propelled by a 6.7 percent year-over-year increase in Part 135 activity. This was followed by a 1.3 percent rise in fractional flying, while Part 91 activity decreased 2.1 percent.

Large-cabin jets and turboprops posted the largest year-over-year gains, rising 4.1 percent and 2.3 percent, respectively. Meanwhile, midsize jet flying rose 1.7 percent from last July and light jets declined 1.4 percent.

Double-digit gains in individual sectors were sparse last month, and all were in the charter category. Part 135 midsize and large-cabin jet flying climbed 11 percent and 12.5 percent, respectively, from a year ago. All Part 91 individual categories were in the red, with private light jet flying posting the largest loss, of 3.8 percent.

Argus’s TraqPak data provides “flight-number-specific aircraft arrival and departure information on all IFR flights in the U.S., Canada and the Caribbean.”

 

Argus, Bizav, TrakPak

ARGUS: NORTH AMERICAN BIZAV FLYING RISES 3.9% IN 1H17

Flight activity continues to be “very strong” in the Part 135 segment, ascending 10.1 percent during the first six months compared with the same period a year ago. Argus also noted “solid gains” in the Part 91K/fractional segment, with flight activity up 5.7 percent as the industry “has finally managed to put the consolidation behind it.” Meanwhile, Part 91 has been flat this year, declining 0.5 percent year-over-year in the first six months, though it said the second half “looks more promising” for this segment.
 
All aircraft categories saw flight-hour gains during the first six months, increasing by an overall average of 6 percent from a year ago, according to Argus. Large-cabin jet flying climbed 10.5 percent, to 475,580 flight hours, followed by a 7.3 percent rise in midsize jets. On the lighter end of the spectrum, turboprop and light jet flying surged 3.2 percent (564,431 hours) and 3.5 percent, (478,433 hours), respectively.
 
Argus estimates that flight activity in August, September and October will rise 2.9 percent compared with a year ago.

Jet Market, Air Travel, Business Travel