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Cirrus Aircraft
Sells More Aircraft In The Fourth Quarter Of 2011 Since 2008 By Daniel Baxter |
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February 23, 2012 - On Wednesday, the General Aviation
Manufacturers Association (GAMA) released the industry’s
fourth quarter and complete 2011 shipment and billings
summary. “Shipments declined in all three industry
segments from the previous year, but the declines
reached single digits which indicate general aviation is
reaching the trough in this cycle,” said GAMA Chairman,
Caroline Daniels.
“A
majority of the market fundamentals are moving in the
right direction. Corporate profits remain at record high
levels, the used market and flight activity made year
over year improvements and emerging markets are driving
new sales. Like last year, our greatest concern remains
the lack of financing. Latent demand in the market
exists and an ease in the credit markets could help
boost our industry into positive growth once again.” In the fourth quarter of 2011, Cirrus Aircraft delivered more airplanes than in any quarter since the end of 2008, resulting in its strongest performance of the past 12 quarters. |
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Todd
Simmons, Executive Vice President, Sales and Marketing at Cirrus
Aircraft noted, “Several factors came together in the fourth
quarter to make it one of the strongest in recent memory. It's a
source of pride to the Cirrus team in Duluth, Grand Forks and
around the globe that with each successive quarter we are
creating a stronger and more durable aircraft business.”
As
previously reported, twenty SR20 aircraft were completed during
Q3‘11 with final delivery taking place to the Civil Aviation
Flight University of China (CAFUC) in Luoyang, China in Q4.
Simmons
continued, “Favorable depreciation rules in the U.S.
unquestionably helped drive domestic sales in late 2011. In
fact, U.S. deliveries exceeded our expectations by year end.
Cirrus is also benefitting from growth in the institutional side
of our business, as flight schools and governments from around
the world are renewing their fleets with the most capable
aircraft with the latest safety and cockpit technologies. We are
pleased that these new partners recognize that Cirrus is in the
unique position to meet those needs.” Simmons added, “At the same time, we are cautious about ongoing economic uncertainty in Europe. As we have grown our global footprint, we also have more exposure to changing conditions in certain regions. While we keep a sharp eye on Europe, business remains more consistent in Latin America and we see potential for faster growth in China, Asia and Australia.” |