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 for business aviation, with 8,600 new jet deliveries worth $255 billion through 2026, a 6-7% decrease from last year's projections.
- This deceleration is primarily due to global political uncertainties and slow economic growth, though the industry expects improved performance in the midterm (2017-2019) with the introduction of new models.
- Large business jets (super midsize to business liners) are projected to account for over 85% of purchases, with North American operators representing the largest share of demand at 65%.
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