Pandemic Creates BizAv Boom
The post-pandemic hangover has turned out to be a tonic for business jet manufacturers who are tapping a new market created by the general travel hassle COVID-19 spawned. In its annual forecast of business aircraft activity, Honeywell predicted sales of business aircraft would jump 15 percent over the next 10 years, fueled largely by first-time buyers. Business people who rejected private aviation in the past were forced to give it a try during the two years of restrictions and commercial flight reductions and now they want in. “The business aviation industry is greatly benefitting from a wave of first-time users and buyers due in part to changing habits brought on by the COVID-19 pandemic,” said Honeywell spokesman Heath Patrick.
