Honeywell bizjet outlook shows pent-up demand
Europe remains at the epicenter of business aviation growth, according to the latest data from Honeywell’s just-updated forecast of market conditions.

Europe remains at the epicenter of business aviation growth, according to the latest data from Honeywell’s just-updated forecast of market conditions. Operators’ plans to purchase new jets over the next five years have increased by 19 points compared to surveys conducted by the avionics and engines manufacturer prior to the economic downturn.

As many as 59 percent of the operators surveyed now say they are planning to buy new aircraft. This is a new record for Honeywell survey data, despite the fact that the latest research was done during the height of the recession–suggesting a build-up of pent-up demand.