Business jet deliveries hit decade high in 2019, helped by new models

(Reuters) – Business jet deliveries across the globe hit a decade high in 2019, the General Aviation Manufacturers Association (GAMA) said on Wednesday, helped by strong market demand for new models.

Deliveries rose 15% from 703 to 809 jets, the highest level since 2009, GAMA said in its 2019 year-end aircraft billing and shipment numbers.

Business jet deliveries are being underpinned by the ramp-up of new models by manufacturers Bombardier Inc (TO:) and General Dynamics Corp (N:) unit Gulfstream Aerospace that offer longer ranges and amenities such as beds and hot showers at 40,000 feet.

Honeywell Aerospace’s (N:) business aviation outlook from last year expects a 7% rise in deliveries in 2020.

GAMA said North America accounted for 67.1% of business jet deliveries, the largest market for corporate aircraft followed by Europe.

Gulfstream generated the highest value of deliveries with almost $7.9 billion in billings, followed by Bombardier at $5.7 billion.

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