Business Aviation
GAMA Q3 2025 Report Highlights Business Jet Growth Amid Industry Shifts
GAMA reports Q3 2025 aircraft shipments decline but billing rises 11.6% to $19.3B, driven by business jet growth and helicopter value gains.

This article is based on an official press release from the General Aviation Manufacturers Association (GAMA).
GAMA Q3 2025 Report: Business Jets Drive Financial Growth Despite Piston Slowdown
The General Aviation Manufacturers Association (GAMA) has released its Third Quarter 2025 Aircraft Shipment and Billing Report, presenting a complex picture of the current state of the general aviation industry. While the total number of aircraft delivered in the third quarter dipped slightly compared to the previous year, the financial health of the sector remains robust, driven largely by a surge in high-value business jet deliveries.
According to the data released on December 2, 2025, the industry has achieved significant year-to-date (YTD) growth in overall billings, topping $19.3 billion for the first nine months of the year. This represents an 11.6% increase in value compared to the same period in 2024. However, the third quarter specifically revealed a divergence in segment performance, with piston and turboprop shipments softening while the business jet segment expanded by double digits.
GAMA leadership emphasized the stability of the market, noting that the continued financial strength allows manufacturers to reinvest in critical technologies such as safety enhancements and sustainability initiatives.
Q3 2025 Shipment Analysis: A Segmented Market
The third quarter of 2025 highlighted a distinct shift in delivery dynamics. While the aggregate number of airplanes delivered in Q3 fell by 3.3% to 768 units, the composition of those deliveries changed significantly in favor of higher-end assets.
Business Jets Surge
The standout performer for the quarter was the business jet segment. Manufacturers delivered 200 business jets in Q3 2025, an 11.7% increase over the 179 units delivered in Q3 2024. This growth was the primary engine behind the industry’s rising billing values, offsetting declines in volume-heavy but lower-cost segments.
Piston and Turboprop Headwinds
In contrast to the jet market, the entry-level and utility segments experienced a slowdown during the quarter:
- Piston Airplanes: Shipments dropped to 427 units, a 7.2% decline from the 460 units shipped in Q3 2024.
- Turboprops: Deliveries fell to 141 units, marking a 9.0% decrease year-to-year for the quarter.
Helicopter Market Adjustments
The rotorcraft sector also saw a slight contraction in unit volume. Total helicopter shipments for Q3 2025 were 209, down 3.7% from 217 in the previous year. Turbine helicopter deliveries decreased by 3.0% to 164 units, while piston helicopter shipments fell by 6.3% to 45 units.
Year-to-Date Financial Performance
Despite the mixed results in the third quarter specifically, the broader view of 2025 remains positive. When analyzing the first nine months of the year (January 1 through September 30), the industry is tracking ahead of 2024 metrics.
Total airplane shipments for the year-to-date reached 2,201 units, a 2.0% overall increase compared to 2,157 units in 2024. More importantly for the industry’s bottom line, the value of these shipments increased substantially. Total airplane billings exceeded $19.3 billion, reflecting the market’s shift toward more expensive, complex aircraft.
The helicopter segment displayed a similar “value over volume” trend. While YTD shipments decreased slightly to 612 units, total billings rose by approximately 16% to $3.14 billion, indicating that customers are taking delivery of heavier, more capable turbine models.
Manufacturer Highlights
The GAMA report provided specific delivery numbers for key industry players, illustrating how different manufacturers contributed to the quarter’s totals:
- Cirrus Aircraft: Continued to lead the piston market volume, shipping 205 aircraft in Q3 alone. This brings their year-to-date total to 555 units.
- Textron Aviation: The parent company of Cessna and Beechcraft reported 162 airplane shipments during the third quarter.
- Gulfstream: A major contributor to the billing surge, Gulfstream delivered 39 business jets in Q3.
- Pilatus: The Swiss manufacturer maintained steady output with 32 units delivered in Q3, a mix of their PC-12 turboprops and PC-24 jets.
- Helicopter OEMs: Airbus Helicopters led the quarter with 76 shipments, followed by Robinson Helicopter with 56, and Leonardo with 43.
Industry Outlook and Stability
GAMA President and CEO Pete Bunce addressed the state of the industry in the association’s press release, characterizing the market as stable despite the quarterly fluctuations in specific segments. He highlighted the importance of this stability for future development.
“The health of our industry remains stable, which allows our companies to invest in technology and innovation that drives improved safety and sustainability for all civil aviation sectors.”
, Pete Bunce, President and CEO of GAMA
Looking ahead, the association is focusing on policy priorities for 2026, particularly regarding environmental goals. While electric aircraft shipments remain negligible in current commercial data, the industry is heavily advocating for Sustainable Aviation Fuel (SAF) and new propulsion technologies.
“Our message is simple and direct: we are ready to work with leaders on constructive policies to support the continued growth and societal health of countries and communities globally.”
, Pete Bunce, President and CEO of GAMA
AirPro News Analysis
The divergence between unit volume and billing value in the Q3 report underscores a “value over volume” dynamic currently shaping general aviation. While the piston market, often a bellwether for pilot training and personal aviation, showed softness in the third quarter, the resilience of the business jet market suggests that corporate and high-net-worth demand remains insulated from some of the economic pressures affecting the entry-level market.
Furthermore, the 16% jump in helicopter billings despite lower unit counts reinforces this trend across both fixed-wing and rotorcraft sectors. Manufacturers appear to be prioritizing the delivery of higher-margin, complex airframes as supply chains stabilize, ensuring revenue growth even as production rates for smaller aircraft fluctuate.
Frequently Asked Questions
- What was the total value of aircraft billings in the first nine months of 2025?
- Total airplane billings exceeded $19.3 billion, an increase of 11.6% compared to the same period in 2024.
- Which segment saw the most growth in Q3 2025?
- The business jet segment saw the most significant growth, with shipments increasing by 11.7% year-to-year to 200 units.
- Did helicopter shipments increase in 2025?
- No, total helicopter shipments decreased slightly both in Q3 (-3.7%) and year-to-date. However, the value of those shipments (billings) increased significantly.
Photo Credit: Montage
Business Aviation
Beyond Aero Plans French Riviera Hydrogen Infrastructure by 2030
Beyond Aero and Aéroports de la Côte d’Azur will build hydrogen refueling facilities at three French Riviera airports by 2030.

Beyond Aero and Aéroports de la Côte d’Azur announced a partnership on September 3, 2026, to develop gaseous hydrogen refueling infrastructure across three major French Riviera airports by 2030. The initiative aims to synchronize ground support readiness with the projected entry into service of hydrogen-electric business jets.
In a joint press conference held in Nice, France, the companies detailed plans to equip Nice Côte d’Azur (LFMN), Cannes Mandelieu (LFMD), and Golfe de Saint-Tropez (LFTZ) airports with dedicated hydrogen facilities. According to the official press release and reporting by Aviation International News, the infrastructure will specifically cater to business aviation volumes to support aircraft like Beyond Aero’s in-development BYA-1.
Infrastructure and operational rollout
The operational plan evaluates the use of both fixed dispensers in dedicated parking areas and mobile refueling vehicles. Hydrogen is expected to be produced locally and transported to the airports via tube trailers.
According to Beyond Aero, Cannes Mandelieu is projected to be the first of the three airports to receive the hydrogen refueling equipment. The phased approach is designed to ensure that storage and distribution facilities are fully operational by the 2030 target date.
“With Aéroports de la Côte d’Azur, we are working from practical scenarios tailored to business aviation volumes and based on available technologies. This phased approach is essential to enable safe, viable operations when the first aircraft enter service,” said Eloa Guillotin, Co-founder and CEO of Beyond Aero, as reported by Aviation International News.
Building a hydrogen aviation ecosystem
The partnership on the Mediterranean coast complements Beyond Aero’s existing collaboration with Groupe ADP at Paris-Le Bourget Airport (LBG). As reported by H2Today, these combined initiatives lay the groundwork for a future hydrogen flight corridor between Paris and the French Riviera.
Beyond Aero has been advancing its aircraft technology alongside its infrastructure efforts. The Toulouse-based manufacturer previously achieved Technology Readiness Level 6 (TRL6) for its full-scale hydrogen-electric propulsion system in late 2025.
Guillotin emphasized the necessity of parallel development tracks during the press conference. She noted that infrastructure readiness must advance at the exact same pace as aircraft development to ensure viability.
AirPro News analysis
We view the synchronization of aircraft certification and ground infrastructure as the primary bottleneck for alternative propulsion in business aviation. By securing commitments from major regional operators like Aéroports de la Côte d’Azur and Groupe ADP, Beyond Aero is mitigating the risk of delivering a certified aircraft with nowhere to refuel. The choice of Cannes Mandelieu as the initial testbed is strategic, given its strict noise and emissions regulations and its status as a premier European business aviation hub.
Sources: Beyond Aero
Photo Credit: Beyond Aero
Business Aviation
Thrive Aviation Launches Fractional Program with Honda Subsidiary
Thrive Aviation partners with Honda Aircraft Company subsidiary Arulean Air to launch a fractional jet ownership program.

Las Vegas-based Thrive Aviation has secured a minority investment from Honda Aircraft Company subsidiary Arulean Air to launch a new fractional aircraft ownership program. The Partnerships, announced on September 2, 2026, positions Arulean Air as the aircraft acquisition arm while Thrive Aviation will manage flight operations, program logistics, and client relations.
The collaboration marks a significant expansion for Thrive Aviation, which ranked as the 12th-largest private aircraft operator in the United States in 2025 based on charter and fractional hours, according to ARGUS Traqpak data reported by Forbes. In a press release issued today, Thrive Aviation indicated that full program details will be unveiled at the National Business Aviation Association Business Aviation Convention & Exhibition (NBAA-BACE) in Las Vegas from October 20 to 22, 2026.
Fleet expansion and aircraft acquisition
Under the new structure, Arulean Air will purchase the aircraft for the fractional fleet. Thrive Aviation currently operates a fleet of 30 aircraft and plans to scale its offerings significantly through this joint effort.
The initial fractional fleet growth will focus on two specific aircraft types. The companies anticipate adding four to six HondaJet HA-420 light jets and two to four Bombardier Challenger 3500 super-midsize jets to the program annually.
Thrive Aviation Co-Founder and Chief Executive Officer Curtis Edenfield stated that the partnership provides the foundation to build the program at scale alongside an original equipment manufacturer (OEM) subsidiary.
“Adding fractional ownership opportunities enables Thrive Aviation to serve a broad spectrum of clients throughout their entire private aviation journey, from private charters to fractional ownership to full ownership,” Edenfield said in the release.
Edenfield noted that the company intends to evolve alongside its clients’ aviation needs, describing the fractional program as a major piece of the Thrive platform designed for long-term scaling.
Strategic alignment with Honda Aircraft Company
The involvement of Arulean Air represents a direct link between an OEM and a charter operator. By utilizing a subsidiary to invest in Thrive Aviation, Honda Aircraft Company secures a dedicated operating partner for its products in the competitive fractional ownership market.
The relationship between the two entities extends beyond the current HondaJet HA-420 production model. Forbes reported that Thrive Aviation holds a Letter of Intent for the HondaJet Echelon, a long-range light jet currently under development by Honda Aircraft Company and projected to enter commercial service in 2028 or 2029.
AirPro News analysis
We view this minority investment as a calculated move by Honda Aircraft Company to guarantee placement and operational utilization of its airframes. As the fractional ownership market continues to consolidate around a few dominant players, OEMs are increasingly looking for ways to ensure their aircraft remain competitive options for fleet buyers. By backing Thrive Aviation, Honda creates a reliable pipeline for both the HA-420 and the upcoming Echelon, while Thrive gains the financial backing and fleet acquisition power necessary to compete with larger, established fractional operators.
Sources: Thrive Aviation
Photo Credit: Thrive Aviation
Business Aviation
Bell 407GXi and 505 Showcased at Salon Prive Concours
Bell Textron exhibits the 407GXi and 505 at Blenheim Palace, targeting VIP buyers after the 505 hits 700 deliveries.

Bell Textron Inc. is targeting the European luxury and corporate travel market by showcasing its Bell 407GXi Designer Series and Bell 505 helicopters at the Salon Privé Concours in Oxfordshire, England.
In a press release issued on September 3, 2026, the manufacturer announced its static display at Blenheim Palace, an exclusive automotive and lifestyle event expected to draw 30,000 guests. The exhibition highlights Bell’s strategy to market its VIP configurations directly to high-net-worth demographics outside of traditional aerospace trade shows.
Expanding the UK corporate footprint
The display of the Bell 407GXi follows a recent milestone for the aircraft type in the region. On July 21, 2026, Bell secured its first United Kingdom order for an Instrument Flight Rules (IFR)-configured Bell 407GXi. The aircraft was purchased by corporate operator Glyn Jones for regional business travel, establishing a new operational capability for the platform in the UK market.
Robin Wendling, Bell’s Managing Director for Europe, noted that the boutique nature of the brands at Salon Privé aligns with the manufacturer’s VIP focus.
“Showcasing the Bell 505 and the Bell 407GXi at Salon Privé highlights Bell’s position as a leader in VIP and high-end helicopter travel,” Wendling stated.
Bell 505 fleet milestones
Alongside the 407GXi, Bell is exhibiting the Bell 505 light-single helicopter. The aircraft’s appearance at Blenheim Palace comes shortly after the manufacturer celebrated a major production milestone at the Farnborough International Airshow. On July 20, 2026, Bell delivered its 700th Bell 505 to a private VIP operator.
Since entering service in 2017, the Bell 505 fleet has accumulated approximately 390,000 flight hours across more than 55 countries. The aircraft features Garmin avionics and utilizes the proven Bell 206L4 rotor system, positioning it as a popular entry-level turbine option for private ownership.
AirPro News analysis
We view Bell’s presence at Salon Privé as a calculated pivot toward direct-to-consumer marketing for its light helicopter lines. While events like Farnborough and HAI Heli-Expo remain critical for fleet sales and operator relations, automotive concours events place VIP-configured aircraft directly in front of end-users who possess the capital for private ownership. By positioning the 407GXi and 505 alongside luxury automobiles, Bell is framing its rotorcraft not just as utility transport, but as premium lifestyle assets.
Sources: Bell Textron Inc.
Photo Credit: Bell Textron Inc.
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