Private Business Jets sales increased in 2023

The General Aviation Manufacturers Association (GAMA) reported global sales of 730 new private business jets in 2023. An increase from the 712 new jets sold in 2022. Sales of piston and turboprop airplanes also increased by an even larger percentage, as did sales of new helicopters. Overall new aircraft deliveries were valued at $27.8 billion, an increase of 3.6%.

Across the other sectors, new piston airplane deliveries increased by 11.8%, to 1,682 units; turboprop airplane deliveries increased by 9.6%, to 638 units and total helicopter deliveries increased by 9.8% to 962 units.  “For the first time in more than a decade, the general aviation manufacturing industry has eclipsed 4,000 aircraft delivered. In addition to this strong showing, there are robust and growing order backlogs for all segments of aircraft.” said Pete Bunce, GAMA President and CEO, and added, “While the deliveries from 2023 are very encouraging, our industry faces headwinds from ongoing supply chain issues, workforce shortages, uncertainty and unpredictability from global regulators, and short-sighted efforts aimed at curbing business and general aviation, particularly in Europe.”.

Textron Aviation (Cessna) led the market in terms of the number of new jets sold in 2023, and the best-selling turboprop was again the Pilatus PC-12.

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PJ