The business aviation industry continues its climb out from the effects of the coronavirus pandemic, according to a leading report released on Sunday.
Honeywell Forecast Shows Resilience, Optimism
Key Takeaways:
- Honeywell's 30th annual Global Business Aviation Outlook projects a strong industry recovery, forecasting 7,400 new jet deliveries valued at $238 billion over the next decade, a 1% increase from 2020 predictions.
- This optimism is driven by a significant rebound in flight hours, now surpassing pre-pandemic levels, and robust operator confidence, with 90% of surveyed operators reporting no delays in their new or pre-owned jet acquisition plans.
- The market anticipates continued high demand for used jets alongside the introduction of new large-cabin models, while regional outlooks vary and the industry is also focusing on future urban air mobility solutions like eVTOLs.
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