current state of the industry general aviation manufacturers association
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CurrentState of the Industry
General Aviation Manufacturers Association
Current Market Review
Shipments and Billings
Total General Aviation Worldwide Shipments
General Aviation Manufacturers Association Current State of the Industry
0
500
1000
1500
2000
2500
3000
3500
4000
450019
97
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
Q2
Worldwide Piston Shipments
General Aviation Manufacturers Association Current State of the Industry
0
500
1000
1500
2000
2500
300019
97
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
Q2
Worldwide Turboprop Shipments
General Aviation Manufacturers Association Current State of the Industry
0
100
200
300
400
500
600
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
Q2
Worldwide Business Jet Shipments
General Aviation Manufacturers Association Current State of the Industry
0
200
400
600
800
1000
1200
140019
97
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
Q2
Worldwide Business Jet Shipments by Size
General Aviation Manufacturers Association Current State of the Industry
- 71% - 47% +4%
Light Jets Medium Jets Large Jets
Light ≤12,500#Medium 12,500# – 50,000#Large ≥ 50,000#
Total General Aviation Worldwide Billings
General Aviation Manufacturers Association Current State of the Industry
0
5
10
15
20
25
3019
97
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
Q2
Bil
lio
ns
($)
0
100
200
300
400
500
600
700
800
900
1000
Pistons Turboprops Business Jets Total Shipments Total Billings
2011 Q2 2012 Q2
Second Quarter Comparison
General Aviation Manufacturers Association Current State of the Industry
387
294
381
918
867$8.2B
260
$7.2B
243220
North America ΔJets 50% +8%Turboprops 58% +15% Pistons 59% +5%
Latin America ΔJets 10% -5%Turboprops 12% -3% Pistons 9% -1%
Middle East/Africa ΔJets 7% -2%Turboprops 3% -7% Pistons 5% -1%
Europe ΔJets 20% -3% Turboprops 12% -3%Pistons 13% -6%
Asia Pacific ΔJets 14% +2%Turboprops 15% -2% Pistons 16% +2%
2011 Global Market Distribution
Sectors May Not Add Up Due To Rounding
Business Jet Global Market Distribution By Year, By Region
General Aviation Manufacturers Association Current State of the Industry
Turboprop Global Market Distribution By Year, By Region
General Aviation Manufacturers Association Current State of the Industry
Piston Global Market Distribution By Year, By Region
General Aviation Manufacturers Association Current State of the Industry
U.S. Exports
Exports Were Over 50% of Total U.S. Airplane Billings
U.S. Manufacturers Generated $4.3 Billion in New Airplane Export Revenue in 2011
Market Indicators
Flight Activity
World Markets
Corporate Profits
Used Market
Availability of Credit
Corporate Profits
Corporate Profits are Robust – Up Nearly 8% in U.S. (Q3 YOY)
Source:
As a Key Driver of Aircraft Purchases, Expect Healthy Corporate Profits to Ultimately Translate to Sales
Source: BEA
Some Hesitation on Making Capital Expenditures Due to Economic Uncertainty
Large Business Jets and Rotorcraft Benefitting Most Now, but Also Important to Mid and Small Sector
Continued Improvements in Infrastructure/Airspace are Vital
Source:
Emerging Market Demand Will Continue to Fuel the Recovery in 2012
Further Regulatory Cooperation Will Contribute to Industry Growth
World Markets
Between 2010 and 2011Business Airplane Operations Climbed 19% in the U.S. 3% in Europe
Source: FAA, EUROCONTROL
Flight Activity Climbed, But Only Marginally In Europe
Flight Activity
In December 2011, Percent of Active Fleets for Sale
Business Jets 13.8% ↓ 1 Percentage Point
Turboprops 9.6% ↓ 1 Percentage Point
Helicopters 6.5%↓ .5 Percentage Point
Inventories Continue To Decline, But Asking Prices Are Still DroppingSource: JETNET
Used Market
Lenders Demanding High Down Payments and Tough Loan Terms
For Used Market to Improve and Build Backlog, Lending Must Flow, Not Trickle
Export Credit Agencies' Role Will be Important in 2012
Availability of Credit
Market Indicators
Flight Activity
World Markets
Corporate Profits
Used Market
Availability of Credit
