Albuquerque Journal (Albuquerque, NM)

Aircraft Sales Still Depressed.(Final)

Byline: Aaron Baca Journal Staff Writer

'Very Tough Times,' Says Association

Airplane sales continued to slide in the first quarter, forcing plane manufacturers to tighten their belts because of shrinking revenues and profits.

The General Aviation Manufacturers Association in Washington, D.C., reported that worldwide aircraft sales were down more than 33 percent in the first quarter, from $2.8 billion in 2002 to $1.87 billion this year.

General aviation shipments fell 16 percent to 444 airplanes, compared with the 531 planes manufacturers shipped last year.

"We didn't anticipate this recession would last as long as it has," said Shelly Simi, a spokeswoman for GAMA. …

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