Story ID: 
IADA Welcomes Rise in Aircraft Deliveries
By: Jessica Reed
Caption: Aircraft dealers say new deliveries boost the resale market for business aircraft
Word Count: 202
The International Aircraft Dealers Association (IADA) has welcomed the increase in 2024 general aviation (GA) aircraft deliveries reported by GAMA on Wednesday. The data showed a 3% increase in airplane shipments to 3,162 units, while billings soared by 14.3% to $26.7 billion.
“The increase in new aircraft deliveries—particularly in the turbine-powered segment—is fueling activity in the preowned business aircraft market, where IADA dealers played a significant role in 2024,” said IADA chair Phil Winters, who is also v-p of aircraft sales and charter management for Greenwich AeroGroup and Western Aircraft. “Most buyers of new aircraft also have an aircraft to sell, which drives healthy turnover in the marketplace.”
Winters emphasized the importance of a robust pipeline of new-production aircraft to stimulate the resale market to help both buyers and sellers. He also recognized the eight aircraft manufacturers within IADA “whose efforts are essential to balancing supply and demand across the industry.”
According to IADA, its accredited dealers, members selling verified products and services members, and aircraft manufacturers contribute significantly to general aviation’s worldwide economic impact. Members conduct business in more than 100 countries with a combined average of around 1,300 aircraft transactions worth $11.7 billion annually.