Mike Madsen, Honeywell Aerospace’s CEO, said the company believes strongly in a return to business aviation growth over the next 12 to 18 months, despite the number of people who might think online platforms like Zoom will draw away significant amounts of business. “I think online platforms will have a small effect, maybe five or 10 percent of our business travel, but not a lot though.” Madsen’s remarks came at Honeywell’s press conference at NBAA’s VBACE on December 2.
Honeywell CEO Mike Madsen Speaks to Business Aviation’s Future
Key Takeaways:
- Honeywell CEO Mike Madsen predicts a strong return to business aviation growth within the next 12 to 18 months, expecting 2022 and 2023 to be periods of robust expansion despite the rise of online platforms.
- The company is investing in engine advancements, including upgrades for the HTF family and new series for ultra-long-range aircraft, alongside developing a micropower unit for smaller business jets.
- Honeywell is enhancing connectivity with SATCOM for cockpits and connected maintenance options, while also focusing on advanced avionics featuring open architecture, smartphone integration, and systems to reduce pilot workload.
- Honeywell believes supersonic aircraft are on the horizon for business aviation, aiming for Mach 2+ cruising speeds, and is already partnering with Aerion on development.
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