National Aircraft Finance Association held its 47th Annual Conference in Coronado, California from May 15-18, 2018NAFA held it's 47th Annual Conference in Coronado, CA from May 15-18, 2018 see more
Coronado, CA., May 25, 2018 – #NAFA47 - The National Aircraft Finance Association (NAFA) held its 47thAnnual Conference May 15-18, 2018 with a record-setting number of member representatives attending. The conference was held at the Hotel del Coronado in San Diego, CA. The four-day event included a 1-day NAFA Aircraft Education Program, a Vendor Forum, Annual Business Meeting and a wide array of aviation and finance-specific Sessions.
With over 240 attendees and $9,380 in donations towards NAFA scholarship fund, this event exceeded expectations! “Year over year, we continue to see marked growth in the Conference”, commented NAFA President Ford von Weise. “Many thanks for our dynamic speakers who kept discussions lively and engaging.”
Keynote speaker this year was John Heilemann, a political reporter, National Affairs Analyst for NBC and MSNBC, Best Selling Author, and Executive Producer of Showtime’s The Circus. He spoke about Donald Trump’s Washington, the Fallout from the 2016 election, and the new realities of our political climate.
Economic Analyst, Dr. LaVaughn M. Henry, spoke to the audience about the state of the U.S. Economy and Monetary Policy. Dr. Henry is a policy analyst for the Federal Deposit Insurance Corporation (FDIC) and Former Vice President of the Federal Reserve Bank of Cleveland and provided insight on the elements influencing our economy today and their potential impact over the next few years.
General session discussions included The State of the Aviation Industry in 2018 headlined by Ed Bolen (President, NBAA), Pete Bunce (President, GAMA) and Marty Hiller (President, NATA). Additional sessions included The Great Financial Meltdown and its impact on the Aviation Industry; a New Aircraft Showcase with presentations by ICON, Textron, Dassault and Aerion; an update on activity in the pre-owned aircraft sales market, and a session on the New Tax Law and its impact in Business Aviation & Lending.
A special THANK YOU to ICON Aircraft who was generous enough to display their ICON A5 on the lawn oceanfront at the hotel during the NAFA Cocktail Reception. This was a first for the hotel and it’s 130-year history and a huge hit for not only NAFA members but the guests at Del Coronado also enjoyed this display!
NAFA would like to thank the conference sponsors: Gold Sponsors– Insured Aircraft Title Services, Global Jet Capital, JetAviation, JSSI, and Rolls-Royce. Silver Sponsors– Aero-Space Reports, Aircraft BlueBook, AIC Title Service, Airfleet Capital Inc., Aircraft Finance Corporation, Aviation Management Systems, AOPA, Asset Insight, Dassault Falcon Jet, Essex Aviation, GKG Law, LL Johns Insurance, PNC Aviation Finance, Salem Five, Scope Aircraft Finance, and Vref. Bronze Sponsors– Aerlex, Aviation Legal Group, Bank of America, Dorr Aviation, Huntington National Bank, NAFCO, Stonebriar Commercial Finance and Wright Brothers Aircraft Title.
The National Aircraft Finance Association (NAFA) is a non-profit corporation dedicated to promoting the general welfare of individuals and organizations providing aircraft financing and loans secured by aircraft; to improving the industry’s service to the public; and to providing our members with a forum for education and the sharing of information and knowledge to encourage the financing, leasing and insuring of general aviation aircraft. For more information about NAFA, visit the website at www.NAFA.aero
GAMA Sees Good Start for Airplanes in 2019 see more
NAFA member, Pete Bunce, GAMA President and CEO, says 2019 has started off well for airplane deliveries.
General aviation airplane deliveries got off to a good start in 2019, according to statistics compiled by the General Aviation Manufacturers Association (GAMA). All sectors, including business jet, turboprop, and piston-powered airplanes, showed an increase in deliveries year-over-year for the first three months of the year, while industry billings rose by 10.5 percent, to $4.23 billion. "While our rotorcraft segment experienced some headwinds, our airplane segment remains strong," said GAMA president and CEO Pete Bunce. "Statements by our member companies point to solid order intakes during the first quarter, laying down a positive marker for later in 2019."
For business jets, the first quarter of 2019 saw 141 deliveries, an increase of nine aircraft from the same period in 2018. Gulfstream led the way, with an additional eight of its large-cabin jets in the first three months of this year, while its super-midsize G280 deliveries remained static at seven. Cessna saw a 22 percent increase year-over-year showing increases or the same number of deliveries across its entire product line, as its first-quarter totals rose from 36 in the first three months of 2018 to 44 this year. The Wichita airframer increased its output of the M2, Sovereign+, and Latitude by two each, while Pilatus added three additional examples of its PC-24 light jet year-over-year.
Embraer remained even with 11 deliveries in each year, the two Legacy 450s handed over in 2018 were offset by the delivery of an additional Legacy 500 and a Legacy 600/650 this year.
Canadian OEM Bombardier noted a nearly 23 percent decrease in deliveries for the quarter, moving from 31 in the first three months of 2018 to 24. All models saw a decline with the exception of its flagship Global 7500 which received certification late year.
Honda saw first-quarter deliveries of its light HondaJet down by nearly 42 percent, year-over-year, moving from 12 in the first quarter of 2018, to 7 in the first three months of 2019.
Dassault presents its delivery totals for its Falcons at mid-year and year-end.
In the bizliner category, Airbus handed over a pair of ACJ320neos in the first quarter of 2019, after posting no deliveries in the same period last year, while Boeing, which had four deliveries early in 2018, had none through March of this year.
While the overall turboprop segment saw a 7 percent rise year-over-year, the higher-end pressurized models remained flat with 50 deliveries in the first quarter of both years. Textron handed over five additional Beechcraft King Air 250s in the first quarter of 2019, contributing to a 35 percent overall increase for the manufacturer, as Daher and Pilatus remained steady on their single-engine turboprops, delivering eight and 12 both years, respectively. Piper handed over seven M500s during the first quarter of 2019, down from the same period last year when it delivered three M500s and seven M600’s. Piaggio, which delivered three Avanti Evo twin pushers in the first three months last year, reported none in the same period this year.
On the rotorcraft side, total shipments were down more than 19 percent year-over-year, and billings declined by nearly $100 million, while turbine-powered helicopters slid more than 22 percent, from 134 in the first quarter of 2018 to 104 during the same period this year. Bell, which delivered 46 helicopters in 1Q 2018 saw that total fall to 30 in the first three months of 2019. The Textron-subsidiary transitioned from the 407GXP with 17 deliveries in the first quarter of 2018 to just one this year, while ramping up to the 407 GXi with six handed over in the first three months of 2019. It also delivered seven fewer 505s year-over-year. Airbus Helicopters, which delivered 46 civilian rotorcraft in the first quarter of 2018, handed over three less this year, the difference mainly being four fewer H135s in the first quarter.
Leonardo was down by 34 percent from its first quarter 2018 totals. The company delivered no AW189/149s in the first three months of 2019, as compared to the six it handed over a year earlier. Likewise, it had no AW119Kx deliveries, having four in the first quarter of 2018. It did exceed its 1Q 2018 tally on the AW169 by three units, delivering six in the first three months of 2019.
Robinson Helicopter dialed back its deliveries on the R66 by six, handing over 12 in the first quarter of the year, while Sikorsky which had one delivery, an S92, in the first three months of 2018, had none this year.
This article was originally published by Curt Epstein in AINonline on May 17, 2019.
GAMA Publishes First Quarter Aircraft Shipment Data see more
NAFA member, Pete Bunce, President and CEO of General Aviation Manufacturers Association (GAMA) releases first quarter 2019 aircraft shipment and billings report.
Washington, DC — The General Aviation Manufacturers Association (GAMA) today published its first quarter 2019 aircraft shipment and billings report. Results showed increases across the airplane segments of the industry, but a slowdown in rotorcraft shipments compared to the first quarter of 2018.
“While our rotorcraft segment experienced some headwinds, our airplane segment remains strong,” said GAMA President and CEO Pete Bunce. “Statements by our member companies point to solid order intakes during the first quarter, laying down a positive marker for later in 2019.”
The piston airplane market led the increase in deliveries at 248 units, a 24.0% increase from the same period in 2018. Turboprop and business shipments also increased year-over-year, at 7.0% and 6.8% respectively. Piston rotorcraft shipments in the first quarter of 2019 were 66 units, compared to 77 units in 2018. There were 104 turbine rotorcraft shipments in the first quarter of 2019, compared to 134 in the first quarter last year.
Click here to view the first quarter report.
For additional information, please contact Jens Hennig, GAMA Vice President, Operations, at firstname.lastname@example.org.
This press release was originally published by GAMA on May 17, 2019.
Podcast: GAMA President Pete Bunce On The Boeing 737 MAX see more
NAFA member and GAMA President Pete Bunce discusses the potential industry-wide impacts of the questions that have arisen regarding the certification of the Boeing 737 MAX including how to balance safety, regulation and providing a pathway for innovation and new certifications. In this podcast from Aero 2019 in Friedrichshafen, Germany, he also talks the economics of sustainable aviation fuel.
Click here to listen to the full podcast.
This podcast was originally published by Paul Bertorelli in Aviation Safety Magazine's AVwebflash, Volume 26, Number 15c, April 12, 2019.