First part of 2015 was tough for some GA manufacturing segments.
With the U.S. Export-Import Bank’s freezing its funds on July 1, the results of the General Aviation Manufacturers Association’s third quarter shipment and billing report was mixed. There was an overall loss over last year’s report for billings during the first three quarters of $600 million, from $19.1 billion in 2014 to $18.5 billion this year.
Particularly hard hit were the piston and turboprop airplane manufacturers as well as those of turbine rotorcraft, all of which declined around 10 percent.
Photo by: Flying Magazine Editor