Honeywell has published its 34th annual “Global Business Aviation Outlook,” which forecasts a record-setting number of new business jet deliveries over the next decade. The report provides unique insights into current industry trends and longer-cycle developments based on forecasting models and surveys of hundreds of business aviation operators across the globe.
Within the report, Honeywell predicts 8,500 new business jets with a projected value of $283 billion—the highest in the report’s 34-year history—will be delivered over the next 10 years with an average annual growth rate of 3 percent. The strong demand for new jets continues to persist against a backdrop of increasingly complex macroeconomic and geopolitical factors. However, those factors have not slowed down the demand for new aircraft.
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