While total industry billings increased by nearly 25 percent during the first three quarters of the year compared with the same period last year, business jet deliveries overall continued to slide, according to numbers released today by the General Aviation Manufacturers Association (GAMA).
In the late 1950s, the Lynch brothers established their aviation company in Billings, Mont. Over the years Lynch Flying Service thrived in the emerging private and business aviation industry.
On April Fool’s Day 2001, Cliff Edwards purchased Lynch Flying Service. Edwards, one of Lynch’s long-time charter customers, admired the family nature of the business and its dedicated employees. It was a natural fit for Edwards, who had the same business philosophy.
The long anticipated business aviation recovery might truly be under way, according to the General Aviation Manufacturers Association (GAMA), which released its first-half aircraft delivery numbers this afternoon.
“We are starting to see positive signs in the 2012 shipment data,” said GAMA president and CEO Pete Bunce. “When coupled with the positive trend we are seeing in the used market, we may finally be seeing the start of our recovery.”
GAMA released its revised 2011 annual report today, now that Hawker Beechcraft has issued its fourth-quarter and Fiscal Year 2011 financial results. Turboprop deliveries fell from 368 aircraft in 2010 to 361 last year, down 1.9 percent, while business jet shipments descended to 703, down 7.9 percent from 763 jets in 2010. Billings decreased slightly to $19.644 billion last year, down 0.4 percent from $19.715 billion in 2010.