Fasten your seat belts folksFrom CIBC Transportation & Aerospace Weekly
Note from Tempo1 : Aviation week surely have access to the management of EOM for the count. Special thanks to the 2 or 3 posters who follow the CCAR count. IIt seem that you are rtight with your count.
Aviation Week published its June business aviation deliveries.
We would note the following.
• Q2/24 business aviation aircraft deliveries totaled 285 units (business jets and business turboprops and piston aircraft). This compares to 264 units delivered in Q2/23. Business jet deliveries totaled 189 aircraft, up from 175 units the year prior. Business turboprop and piston aircraft deliveries totaled 96 units in Q2/24, up 7 units Y/Y.
• Looking at business jet deliveries, Aviation Week noted that in the second quarter: Textron delivered 42 aircraft; Pilatus delivered 15 aircraft; BBD delivered 37 aircraft; Embraer delivered 27; Cirrus delivered 22 aircraft; and Gulfstream delivered 32 aircraft.
• According to Aviation Week, BBD delivered 14 Challenger 3500s, four Global 6500s, three Global 5500s, 10 Global 7500s, one Global 6000, and five Challenger 650s in Q2/24. We are currently modeling 30 units to be delivered in the second quarter and consensus is at 32 aircraft.
• Utilization rates for large jets and medium jets were up 2% and 4%, respectively, in Q2/24 versus the prior year. Small jets were down 3% Y/Y. We continue to see large/medium cabin aircraft outperform, which bodes well for BBD