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 orders through 2026, with 8,600 new business jet deliveries worth $255 billion, 6-7% less than last year's prediction.
- This slow growth is attributed to global political uncertainties and economic challenges, though the industry expects better performance in the midterm (2017-2019) with new model entries.
- The majority of spending (over 85%) will be on large business jets, with North American operators accounting for 65% of the projected demand.
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