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 2020 Business Aviation Outlook shows tempered optimism, with most operators reporting their purchase plans were unaffected by the COVID-19 pandemic, projecting no lasting damage to the market.
- The 10-year forecast (2021-2030) anticipates 7,300 new business jet deliveries worth $235 billion, a 4% decrease in units from the prior year's forecast, mainly due to softening in regions like Latin America and Europe.
- North America retains the largest market share at 64% and exhibits strong operator optimism, with large-cabin aircraft continuing to dominate by both units (42%) and delivery value (69%).
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