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

Deliveries rose 15% from 703 to 809 jets, the highest level since 2009

(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 percent 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 and General Dynamics Corp unit Gulfstream Aerospace that offer longer ranges and amenities such as beds and hot showers at 40,000 feet.

Ticker Security Last Change Change %
BDRBF BOMBARDIER INC. 42.96 -0.17 -0.38%
GD GENERAL DYNAMICS CORP. 282.42 +0.53 +0.19%
HON HONEYWELL INTERNATIONAL INC. 205.25 +0.12 +0.06%

Honeywell Aerospace's business aviation outlook from last year expects a 7 percent rise in deliveries in 2020.

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

Bombardier employee Francis Masse polishes the sign of Bombardier's Global 7500, the first business jet to have a queen-sized bed and hot shower, is shown during a media tour in Canada in 2018. (REUTERS/Christinne Muschi/File Photo)

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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(Reporting by Allison Lampert in Montreal; Editing by Matthew Lewis)