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 business aviation outlook indicates that the COVID-19 pandemic has not substantially altered 5-year new business jet purchase plans for most operators.
- The 10-year forecast (2021-2030) projects 7,300 new jet deliveries valued at $235 billion, a modest 4% decrease in unit deliveries compared to the previous year's forecast.
- Regional market dynamics show North America gaining share and optimism, while Latin America experiences a significant softening.
- Large-cabin aircraft continue to dominate the market segments, representing 42% of projected units and 69% of the total delivery value.
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