Aircraft Orders & Deliveries
Piston and Bizjet Deliveries Surge in 2024 Amid Challenges

The Rise of Piston and Bizjet Deliveries in 2024
The general aviation industry has been a cornerstone of the global aviation market, encompassing business jets, piston airplanes, turboprops, and helicopters. In 2024, the sector witnessed notable shifts in aircraft deliveries, with piston airplanes and business jets experiencing a rise, while turboprops saw a decline. These trends, reported by the General Aviation Manufacturers Association (GAMA), highlight the evolving dynamics of the industry amidst economic recovery and technological advancements.
Historically, the general aviation sector has been influenced by economic conditions, regulatory changes, and global demand for air travel. The COVID-19 pandemic caused significant disruptions, but the industry has been steadily recovering. The latest data from GAMA underscores this recovery, with total aircraft deliveries in 2024 reaching 3,162 units, valued at $26.7 billion, marking a 3% increase from 2023.
This article delves into the key trends shaping the general aviation industry in 2024, exploring the factors driving the rise in piston and business jet deliveries, the challenges faced by the turboprop segment, and the broader implications for the future of aviation.
Piston and Business Jets: A Surge in Demand
Piston airplanes and business jets have emerged as the standout performers in 2024. Piston airplane deliveries increased by 7.3% to 761 units in the first half of the year, compared to 709 units in the same period of 2023. This growth is attributed to the rising demand for private and recreational aviation, as well as the affordability and versatility of piston aircraft.
Business jet deliveries also saw a significant uptick, rising by 8.8% to 322 units in the first half of 2024. This surge reflects the increasing preference for private air travel among high-net-worth individuals and corporations seeking efficient and flexible transportation solutions. The economic recovery post-pandemic has further fueled this demand, with businesses investing in private jets to enhance operational efficiency.
Experts suggest that the growth in piston and business jet deliveries is a testament to the resilience and adaptability of the general aviation sector. As Pete Bunce, GAMA President and CEO, noted, “Our industry is the incubator of safety-enhancing and aviation sustainability technology, which in turn serves as a catalyst for economic growth and exemplary employment for millions around the globe.”
“Our industry is the incubator of safety-enhancing and aviation sustainability technology, which in turn serves as a catalyst for economic growth and exemplary employment for millions around the globe.” – Pete Bunce, GAMA President and CEO
Turboprops: Facing Challenges Amidst Long-Term Growth
While piston and business jets thrived, the turboprop segment faced challenges in 2024. Deliveries of turboprops decreased by 3.4% to 280 units in the first half of the year, down from 290 units in the same period of 2023. This decline is surprising, given the long-term growth projections for the turboprop market.
The turboprop engine market is expected to grow significantly, reaching USD 2.2 billion by 2034, with a compound annual growth rate (CAGR) of 6.2%. Similarly, the global turboprop aircraft market is projected to reach USD 11.08 billion by 2030, driven by the need for regional connectivity, fuel efficiency, and technological advancements. However, the current decline in deliveries highlights the impact of supply chain issues, regulatory inefficiencies, and economic uncertainties.
Despite these challenges, turboprops remain a vital component of the aviation industry, particularly in regional and remote areas. Technological advancements in turboprop engines, aerodynamics, and materials are enhancing their performance, fuel efficiency, and environmental friendliness. These innovations are expected to drive future growth, making turboprops more competitive in both commercial and military sectors.
Conclusion: Navigating the Future of General Aviation
The general aviation industry in 2024 is marked by contrasting trends, with piston and business jet deliveries rising, while turboprops face a temporary decline. These trends reflect the broader dynamics of the aviation market, influenced by economic recovery, technological advancements, and evolving consumer preferences.
Looking ahead, the industry must address ongoing challenges such as supply chain disruptions, regulatory inefficiencies, and workforce recapitalization. At the same time, the focus on sustainability and innovation will continue to drive growth, with turboprops playing a crucial role in regional connectivity and cost-effective air travel solutions. As the industry navigates these complexities, collaboration between manufacturers, regulators, and stakeholders will be key to ensuring a sustainable and prosperous future for general aviation.
FAQ
Question: What caused the rise in piston airplane deliveries in 2024?
Answer: The rise in piston airplane deliveries is attributed to increasing demand for private and recreational aviation, as well as the affordability and versatility of piston aircraft.
Question: Why did turboprop deliveries decline in 2024?
Answer: Turboprop deliveries declined due to supply chain issues, regulatory inefficiencies, and economic uncertainties, despite long-term growth projections for the segment.
Question: What are the future prospects for the turboprop market?
Answer: The turboprop market is expected to grow significantly, driven by the need for regional connectivity, fuel efficiency, and technological advancements in engines and materials.
Sources: Aviation Week Network
Aircraft Orders & Deliveries
Drukair Selects CFM LEAP-1A Engines for A320neo Fleet Order
Drukair picks CFM LEAP-1A engines for five A320neo family aircraft, including two A321XLRs, with deliveries starting in 2030.

Drukair has finalized the propulsion choice for its upcoming fleet expansion, selecting CFM International LEAP-1A engines to power five new Airbus A320neo family aircraft.
The engine selection, announced in a CFM International press release on September 14, 2026, supports an aircraft order originally outlined in a July 2024 Memorandum of Understanding. The Bhutanese national carrier will use the new equipment to expand its international network, with aircraft deliveries anticipated to begin in 2030.
Fleet Modernization and Expansion
The order consists of three Airbus A320neo and two Airbus A321XLR aircraft. Drukair currently operates a mixed narrowbody fleet that includes one LEAP-powered A320neo and three older Airbus A319ceo aircraft powered by CFM56 engines.
The airline has been a CFM customer since 2004, when it received its first A319ceo. The new LEAP-1A engines will provide commonality with the existing A320neo while supporting the longer-range capabilities of the A321XLR.
Drukair Chief Executive Officer Tandi Wangchuk noted that the efficiency and reliability of the LEAP-1A assets will support the carrier’s growth.
“The LEAP-1A assets in terms of efficiency and reliability will support Drukair’s next phase of growth across Asia while helping us strengthen connectivity and deliver greater value to our passengers,” Wangchuk said.
CFM International Production Milestones
The agreement reinforces CFM International’s position in the South Asian aviation market. CFM President and Chief Executive Officer Gaël Méheust stated the manufacturer remains committed to supporting the airline’s growth and ensuring a smooth integration of the new aircraft into the fleet.
According to the manufacturer, the LEAP engine program has reached a milestone of 10,000 global deliveries. The engine provides improved fuel efficiency and reduced emissions compared to the legacy CFM56 powerplants currently operating on Drukair’s A319ceo fleet.
AirPro News analysis
The selection of the LEAP-1A is a logical continuation of Drukair’s existing fleet strategy. By maintaining engine commonality with its single in-service A320neo, the airline avoids the maintenance and training overhead that would come from introducing a competing powerplant. We view the inclusion of the A321XLR as the more transformative element of this order. The aircraft’s extended range will allow the landlocked nation to bypass traditional regional hubs and establish direct links to more distant markets in Asia-Pacific or the Middle East once deliveries commence in 2030.
Sources: CFM International
Photo Credit: CFM International
Aircraft Orders & Deliveries
Airbus A350F Clears Ground Tests Before First Flight
Airbus completes Virtual First Flight program for the A350 Freighter ahead of maiden flight targeted for late September 2026.

Airbus has completed the final simulation milestones for the A350 Freighter (A350F) and is preparing the aircraft for its maiden flight from Toulouse, France, targeted for late September 2026.
In a press release issued on September 14, 2026, the manufacturer detailed the completion of its “Virtual First Flight” (VFF) program and ground vibration testing. The milestone marks the final phase of ground preparations before the new widebody freighter enters a 400-hour flight test campaign aimed at securing certification in 2027. The A350F is designed to challenge Boeing in the heavy cargo market, featuring a maximum payload capacity of 111 tonnes and a range of 4,700 nautical miles.
Aerodynamic modeling and the Virtual First Flight
The A350F utilizes a unique fuselage configuration that requires extensive aerodynamic validation. Laurent Bussiere, Lead Flight Test Engineer for the A350F program, noted that the aircraft combines the forward fuselage length of the Airbus A350-900 with the rear fuselage length and wings of the Airbus A350-1000.
“It’s not an A350-1000 and it’s not an A350-900, but rather it’s between both. So we need to look at the behavior of the whole system with this unique model,” Bussiere said.
To prepare the five-person flight test crew, Airbus conducted the VFF program in early September 2026. The program consisted of 13 simulation sessions, each lasting approximately five hours. Bussiere stated that the simulation setup is 90% representative of the physical aircraft. The remaining 10% of the aerodynamic characteristics remain an unverified model. Because of this variable, the initial flight will be executed in “Direct Law”, requiring manual control by the flight crew until the aerodynamic model is validated in the air.
Flight test campaign and EASA certification
The global certification campaign is scheduled to last nine months and encompass 400 flight-hours. Airbus will utilize two test aircraft for the program. The first aircraft, designated MSN700, features a “flying parcel” test livery and will focus on aerodynamic performance, handling, and autopilot systems. The second aircraft, MSN701, is dedicated to system-related testing, including fire and smoke detection as well as hot and cold weather campaigns.
The European Union Aviation Safety Agency (EASA) is actively involved in the flight test plan. EASA pilots and flight test engineers will participate as onboard witnesses during performance flights ahead of the formal certification phase planned for 2027.
Airbus is also prioritizing ground operations during the test phase to ensure the aircraft is ready for commercial service.
“In terms of cargo operation, which is the A350F’s entire raison d’être, we are focusing on maturity right from the start. Our target is to be able to load and unload various representative containers and payloads every day after flight,” Bussiere said.
Order book and market entry
Airbus targets the first commercial delivery of the A350F for the second half of 2027. The manufacturer states the freighter will deliver a 40% reduction in fuel consumption and carbon emissions compared to previous generation aircraft with similar payload and range capabilities.
According to reporting by Cargo Facts, an undisclosed customer placed a firm order for eight A350Fs on August 31, 2026. This transaction brought the total firm order book for the type to 115 aircraft ahead of the maiden flight.
AirPro News analysis
We note that the nine-month flight test campaign outlined by Airbus represents an aggressive schedule for a widebody derivative with significant structural modifications. Flight test programs for aircraft of this size typically require 12 to 15 months to complete. While the extensive use of the Virtual First Flight program mitigates some developmental risk, any delays discovered during the 400-hour physical test campaign could push the targeted second-half 2027 entry into service into 2028.
Sources: Airbus
Photo Credit: Airbus
Aircraft Orders & Deliveries
Boyu Capital to Acquire Xiamen Aircraft Leasing by End of 2026
Boyu Capital agrees to buy Xiamen Aircraft Leasing, a China-based mid-life aircraft and engine lessor, with closing targeted for end of 2026.

This article summarizes reporting by Bloomberg News.
Asia-focused investment firm Boyu Capital has reached an agreement to acquire Xiamen Aircraft Leasing Co., Ltd., signaling continued private equity interest in the Chinese aviation asset management sector. The transaction is targeted to close by the end of 2026, according to reporting by Bloomberg News on September 10, 2026.
The acquisition targets a specialized player in the mid-life commercial aircraft, engine, and helicopter leasing market. Xiamen Aircraft Leasing, established in the Xiamen Free Trade Zone in September 2015, focuses on asset management, trading, and recycling. Financial terms and the exact valuation of the acquisition have not been publicly disclosed, and neither company has issued a formal press release confirming the agreement.
Path to acquisition
The agreement follows a strategic review initiated earlier in the year. In March 2026, Xiamen Aircraft Leasing hired an adviser to explore a potential sale of the business.
The process attracted attention from multiple investment firms looking to expand their footprint in the Asian aviation market. Bloomberg reported that Bain Capital was among the entities expressing interest before Boyu Capital ultimately secured the agreement.
Recent fleet activity
Leading up to the acquisition, Xiamen Aircraft Leasing maintained an active presence in the secondary aircraft market. The lessor has continued to execute transactions involving widebody assets to support its mid-life management strategy.
In December 2025, the company acquired two Airbus A330-300 aircraft from commercial aircraft lessor Azorra. The aircraft, carrying manufacturer serial numbers (MSN) 1432 and 1579, are currently on lease to Sichuan Airlines (3U).
AirPro News analysis
We view this acquisition as a clear indicator of the ongoing consolidation within the Asian aviation leasing market. Private equity firms like Boyu Capital are increasingly drawn to specialized lessors that manage mid-life assets, as these platforms offer predictable cash flows and opportunities in the aircraft recycling and parts trading sectors. The transition of Xiamen Aircraft Leasing to new ownership will likely provide the capital backing necessary to expand its portfolio in a constrained global supply chain environment.
Sources: Bloomberg News
Photo Credit: Xiamen Aircraft Leasing
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