Manufacturers delivered fewer business jets and airplanes overall in the third quarter of 2016, according to a report Thursday from the General Aviation Manufacturers Association.
Bucking that trend was Wichita-based Textron Aviation, which saw the opposite in the three-month quarter that ended Sept. 30, according to the report.
GAMA said worldwide shipments of airplanes in the third quarter totaled 534 compared with 542 in the same period in 2015. Billings totaled $4.1 billion, down from $5.3 billion in the year-ago quarter.
“Unfortunately, (the numbers) reflect the instability of the used aircraft market coupled with complicating global economic and geopolitical factors,” GAMA president and CEO Pete Bunce said in a statement.
“What is encouraging is that every GAMA airplane and rotorcraft manufacturer has a new product development program recently completed or currently underway, so optimism for the future runs high.”
Bombardier Business Aircraft’s shipments and deliveries in the period followed the broader pattern. It delivered 36 business jets worth $1.24 billion in the third quarter of 2016, compared with 43 aircraft worth $1.6 billion in the same quarter last year.
But Textron Aviation saw year-over-year gains in shipments and billings of its Cessna aircraft – single, piston-engines, turboprops and Citation jets. Cessna shipped 129 aircraft worth $492.4 million in the third quarter of 2016. That compared with 110 aircraft worth $452.9 million.
Its third-quarter 2016 shipments included 8 Citation Latitudes, Cessna’s newest jet. Also noteworthy during the quarter was that it shipped no Citation X+ planes – currently its largest business jet. In the third quarter of 2015, Cessna shipped one Citation X+.
Textron Aviation’s Beechcraft unit saw flat deliveries – 39 airplanes including piston and turboprops – from the year-ago quarter but higher billings of $212.9 million, compared with $202.2 million in the third quarter of 2015.