Bizjets Saw Big Jump in Early 2024

So far, 2024 hasn’t exactly been sunny skies for general aviation aircraft categories—except for deliveries of bizjets, which have shown notable strength this year.

Business jet deliveries rose by 8.5% year-over-year in the first three months of 2024, according to the first quarter delivery report released by the General Aviation Manufacturers Association (GAMA).

Turboprops overall declined by 7.7% compared with the first quarter of 2023. Helicopter deliveries were off by 12%, while piston aircraft remained relatively static. The high-end pressurized turboprop segment saw a nearly 24% erosion. Total aircraft billings increased by 3.2% to $4.7 billion.

“While the first three months of the year produced a mixed report, the health of the industry remains solid with robust order backlogs across all segments,” said GAMA president and CEO Pete Bunce. “Our industry continues to be challenged by significant supply chain issues, through forgings and castings, to basic parts availability.” He noted those effects are most evident in the engine sector.

“It is also encouraging for the industry to have a long-term authorization passed into law and the new leadership atop both the FAA and EASA working to strengthen the effectiveness of their lateral relations and work,” Bunce added. “These factors will help the industry move forward with new and enhanced technologies, products, and innovations.”