Forecasts predict boom for bizav
Honeywell Aerospace and Rolls-Royce each expects the world’s business jet OEMs to set a new delivery record next year and establish a strong precedent for

Honeywell Aerospace and Rolls-Royce each expects the world’s business jet OEMs to set a new delivery record next year and establish a strong precedent for a 10-year forecast period during which Honeywell believes the industry will ship more than 12,000 airplanes worth $195 billion.

Meanwhile, continued vigorous growth in deliveries, particularly among midsize and large jets, will generate $70 billion worth of revenue for the engine industry over the next 20 years, according to a new market forecast released by Rolls-Royce. The company predicts that the business jet segment will need 51,000 engines over that time period to power 24,000 airplanes.