What Happened
Business Aviation Growth Expected Amid Rising Aircraft Use
Honeywell Aerospace has raised its forecast for new business jet deliveries, expecting 9,950 aircraft to be delivered worldwide between 2026 and 2035. This represents a 4.4% increase from last year’s forecast, driven by higher aircraft utilization and fleet growth. The company also expects the global business aviation fleet to grow by 29% over the next decade, with flight hours increasing by 34%. According to Honeywell Aerospace, growing demand for charter and fractional ownership is driving this growth, despite economic uncertainty and geopolitical volatility. This story was first reported by Reuters via the Tacoma News Tribune.