What Happened
Business Aviation Market Sees Momentum With New Deliveries
Honeywell Aerospace has released its 35th Global Business Aviation Outlook, forecasting a stronger decade ahead for business aviation. The company expects 9,950 new business jet deliveries and 4,200 turboprop deliveries over the next 10 years, with 29% fleet growth predicted. This growth is driven by a broadly positive economic environment and sustained positive sentiment in the orderbook. According to Aviation Week, Honeywell’s projections also predict improving utilization, with 34% flight-hour growth, outpacing the 29% fleet growth.