Business aviation orders are likely to continue to see slow growth, according to a report released this week by Honeywell Aerospace.
Global Business Aviation Outlook Predicts Slow Industry Growth
Key Takeaways:
- Honeywell's report forecasts slow growth in business aviation orders through 2026, citing global political uncertainties and economic slowdowns.
- The forecast includes approximately 8,600 new business jet deliveries worth $255 billion, which is 6-7% less than last year's predictions, though a midterm improvement is anticipated.
- More than 85% of purchases are expected to be for large business jets, with North America continuing to account for the majority of demand at 65%.
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