Honeywell revises its bizav industry forecast
Just three months after issuing its annual 10-year business jet delivery forecast, Honeywell published a revised and less optimistic forecast.
Just three months after issuing its annual 10-year business jet delivery forecast, Honeywell published a revised and less optimistic forecast. The engine and avionics manufacturer now projects that airframers will deliver 8,400 business jets between 2002 and 2011, 500 units (or 5.6 percent) fewer airplanes than the company forecast in September.
When Honeywell issued its original forecast the company conceded that it did not “reflect the impact of additional unforeseen events such as a major economic shock, fuel crisis or new regulatory issues,” all possible outcomes of the September 11 terrorist attacks in the U.S. Nevertheless, Honeywell told AIN at the time it stood by its forecast.
