In a normal year, Honeywell has released its annual Global Business Aviation Outlook in a kickoff event at the National Business Aviation Association’s Business Aviation Convention and Exhibition. This year, the team at Honeywell delivered an advanced briefing to Flying ahead of the forecast’s debut on October 6.
Honeywell Releases Business Aviation Forecast
Key Takeaways:
- Honeywell's 2020 Global Business Aviation Outlook indicates that 80% of business jet operators reported no change to their 5-year purchase plans despite the COVID-19 pandemic.
- The 10-year forecast (2021-2030) projects 7,300 new business jet deliveries valued at $235 billion, a modest 4% reduction in units compared to the previous year's forecast.
- Regional variations are present, with North America gaining market share due to operator optimism, while Latin America faces a significant softening; large-cabin aircraft continue to dominate in delivery value.
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