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General Aviation Aircraft Manufacturers and Appraisal

In: Aircraft Valuation in Volatile Market Conditions

Author

Listed:
  • Bijan Vasigh

    (Embry-Riddle Aeronautical University)

  • Farshid Azadian

    (Embry-Riddle Aeronautical University)

Abstract

The long-term outlook for general aviation looks optimistic, even though the impact of COVID-19 has reduced the optimism across the aviation industry. In the past, the increasing global demand for business travel increased the demand for general aviation aircraft, fixed-base operators and their appraisals. The general aviation industry (GA) recorded an increase of 9.2% in deliveries of U.S. manufactured aircraft in 2018, with pistons up by 5.5% and turbines up by 12.8%. The FAA, however, forecasts a decline of 0.9% between 2020 and 2040. The GA activity activities have historically tracked very closely with overall economic activity. The demand increases during a cycle of economic expansion, and demand declines during a cycle of economic contraction. Currently, there are only about 10,000 airliners in the country, and there are over 200,000 general aviation airplanes. In 2018, out of 1746 aircraft delivered, 829 (48%) were piston-powered, 473 were jets, and 444 were turboprops. In 2019, deliveries of the general aviation aircraft manufactured in the U.S. increased slightly to 1771, 1.4% higher than in 2018. Out of 1771 aircraft delivered in the United States, 883 were piston-powered, 503 were jets, and 385 were turboprops.

Suggested Citation

  • Bijan Vasigh & Farshid Azadian, 2022. "General Aviation Aircraft Manufacturers and Appraisal," Management for Professionals, in: Aircraft Valuation in Volatile Market Conditions, chapter 8, pages 297-330, Springer.
    • Handle: RePEc:spr:mgmchp:978-3-030-82450-1_8
    DOI: 10.1007/978-3-030-82450-1_8
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