Honeywell’s latest business aviation market forecast released on Sunday offers a mix of good and not-so-good news for aircraft manufacturers, painting a generally optimistic picture for builders of large-cabin jets, but taking an opposite view of the light jet market, which is predicted to remain essentially flat for the next several years.
Overall, business jet deliveries will be down slightly this year, mostly due to certification delays of some new aircraft models. Honeywell predicts an annual 4- to 5-percent growth rate over the next decade, 1 percent lower than last year’s outlook called for.
