Mike Madsen, Honeywell Aerospace’s CEO, said the company believes strongly in a return to business aviation growth over the next 12 to 18 months, despite the number of people who might think online platforms like Zoom will draw away significant amounts of business. “I think online platforms will have a small effect, maybe five or 10 percent of our business travel, but not a lot though.” Madsen’s remarks came at Honeywell’s press conference at NBAA’s VBACE on December 2.
Honeywell CEO Mike Madsen Speaks to Business Aviation’s Future
Key Takeaways:
- Honeywell Aerospace anticipates a strong return to business aviation growth within 12-18 months, believing online platforms will have only a minor impact on travel demand.
- The company is investing significantly in engine upgrades, advanced cockpit connectivity, connected maintenance solutions, micropower units for smaller aircraft, and open-architecture avionics with enhanced safety features.
- Honeywell is also partnering on supersonic aircraft development, foreseeing their primary adoption within business aviation, while viewing the pandemic as a catalyst for accelerated innovation and resilience leading to strong future growth.
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