Honeywell forecast shows increased demand for new business jets, stable growth for next decade

33rd annual global business aviation outlook projects 8,500 new business jet deliveries valued at $280 billion over the next decade purchase plans indicate that demand for new aircraft is normalizing at an elevated level, significantly above pre-pandemic figures aircraft utilization is projected to increase with vast majority of operators planning on flying more or the same as they did this year las vegas , oct. 20, 2024 /prnewswire/ -- honeywell (nasdaq: hon) today published its 33rd annual global business aviation outlook, which provides unique insights into current industry trends as well as longer-cycle developments and is informed by extensive surveys of business aviation operators across the globe. based on survey results, honeywell forecasts up to 8,500 new business jets worth $280 billion will be delivered over the next decade, an increase in value from last year's forecast.
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