Biz Av Summit Takes: Gama Signals Strong Demand Despite Constraints

研报英文原文证据摘录

Biz Av Summit Takes: Gama Signals Strong Demand Despite Constraints

USA | Aerospace & Defense Electronics EquityJuneResearch30, 2026

Biz Av Summit Takes: Gama Signals Strong

Demand Despite Constraints

We hosted Jens Hennig, Board Secretary of Gama, for our 7th Annual Business

Aviation Summit. Key takes: 1) Industry values reached a record ~$36.5BB in

2025; 2) supply chain and labor remain the main delivery constraints; 3) eVTOL

focus is now on certification execution; 4) Fractional/on-demand models are

expanding access; 5) Fleet growth, utilization and installed-base expansion

support higher MRO demand despite delivery constraints.

Gama Overview: Gama (General Aviation Manufacturers Association) is a global trade association

spanning general and business aviation manufacturers across pistons, turboprops, business jets,

helicopters and electric aviation. Membership includes ~100 traditional and 35 electric aviation

companies with footprints across the US, Canada, Brazil, Europe and other regions. The core role is

advocacy with the four key states of design—FAA, EASA, Brazil and Canada—to support clear type

certification, operating, safety and policy requirements needed to bring aircraft into service. Gama

also publishes shipment and delivery data, a semi-public industry dataset dating back to 1947.

Record Industry Value Reflects Strong Demand. Industry revenues reached a record ~$36.5BB in

2025, reflecting sustained growth across business aviation (~$31BB) and civil helicopters ($5.5BB).

This is above the ~$30BB level crossed a few years ago and is supported by strong backlog

realization. Most year-end and 1Q metrics were positive, and the few areas of lower unit deliveries

were supply-related rather than demand-related, as production is limited by the ability to move