Honeywell forecast sees a 'steady climb'
Boom times will not quickly return to the business aviation marketplace, but the pace of aircraft orders should start picking up slightly over the next 12

Boom times will not quickly return to the business aviation marketplace, but the pace of aircraft orders should start picking up slightly over the next 12 to 18 months. Deliveries, however, will drop slightly this year and next, before getting back on a growth curve. These are the predictions of the latest Honeywell Aerospace Business Aviation Outlook report released here at the NBAA show on Sunday evening.

The outlook forecast demand for 7,600 new business aircraft, valued at more than $121 billion for the period 2003-13. “Significant aircraft backlogs (currently at more than 1,800 units), bolstered by the appeal of new and derivative aircraft models entering service and continued growth in fractional ownership, position the industry for a near-term period of sustained demand at current or slightly lower levels,” the report concluded.