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's CEO anticipates a strong return to business aviation growth within 12-18 months, expecting robust growth through 2022-2023 despite the rise of online communication platforms.
- The company is investing heavily in engine advancements, enhanced cockpit connectivity (SATCOM), connected maintenance options, new micropower units for smaller aircraft, and advanced avionics with open architecture and automation.
- Honeywell believes supersonic aircraft, cruising at Mach 2+, are a future reality for business aviation and is actively involved in their development.
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