In a normal year, Honeywell has released its annual Global Business Aviation Outlook in a kickoff event at the National Business Aviation Association’s Business Aviation Convention and Exhibition. This year, the team at Honeywell delivered an advanced briefing to Flying ahead of the forecast’s debut on October 6.
Honeywell Releases Business Aviation Forecast
Key Takeaways:
- Honeywell's latest Global Business Aviation Outlook reveals "tempered optimism," with 80% of operators stating the COVID-19 pandemic did not impact their purchase plans, suggesting no lasting damage to the market.
- The 10-year forecast (2021-2030) projects 7,300 new business jet deliveries valued at $235 billion, a 4% decrease in units from last year's forecast but still reflecting 16% fleet replacement.
- Market dynamics show regional shifts: North America retains the largest share (64%) with strong optimism, while Latin America sees a significant softening, and large-cabin aircraft continue to lead in both units and value.
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