Honeywell forecast predicts market downturn will be brief
Despite the financial shockwaves emanating from Wall Street, engine and avionics manufacturer Honeywell Aerospace sees a strong appetite for business airpl

Despite the financial shockwaves emanating from Wall Street, engine and avionics manufacturer Honeywell Aerospace sees a strong appetite for business airplanes in the next 10 years based on results of its newly released 17th annual market forecast.

The Phoenix company’s near-term outlook calls for record deliveries of around 1,200 new business jets this year, up from 1,020 last year. The prediction represents a 15-percent year-over-year increase, but it is still below last year’s prediction that more than 1,300 airplanes would be delivered.

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