Forecast sees ME as leader in upturn
The Middle East could lead the troubled business aviation industry out of its lingering downturn.

The Middle East could lead the troubled business aviation industry out of its lingering downturn. This was one of the headline projections from the latest edition of Honeywell Aerospace’s (Stand A470) annual market forecast published last month at the National Business Aviation Association Convention in the U.S.

The engine and avionics manufacturer has surveyed customers around the world to find out about their plans to buy new aircraft over the next five years. It found that up to 41 percent of all new jet purchases will come from Europe, the Middle East and Africa over the next five years, with these regions collectively representing a higher proportion of the world market than Honeywell’s 2008 forecast had predicted.