What Happened
Record Deliveries And Utilization Expected Over Next Decade
Honeywell Aerospace has released its 35th annual Global Business Aviation Outlook, projecting significant growth in the business aviation sector over the next decade. The forecast includes deliveries of 14,000 new business aircraft, with midsize and large business jets accounting for nearly half of these deliveries. The global business aviation fleet is expected to expand by 29% over the next decade, driven by increasing demand from corporations and private individuals. According to Honeywell, this growth is supported by a positive economic outlook and record order backlogs from aircraft manufacturers, as reported by SherpaReport.