Honeywell Forecast Sees Slight Decline in Deliveries, Value | Aviation International News

Honeywell Forecast Sees Slight Decline in Deliveries, Value

Changes in buying plans and entry into service dates for some big-ticket aircraft are among the reasons.

By Curt Epstein • Business Aviation Services Editor

November 15, 2015

The business jet industry should expect to deliver approximately 9,200 new aircraft over the next decade, according to the results of Honeywell’s 24th annual Global Business Aviation Outlook, released in Las Vegas on the eve of NBAA’s Business Aviation Convention and Exhibition. Those deliveries, worth $270 billion, represent a 3- to 5-percent decline in value from last year’s forecast, which called for deliveries of up to 9,450 business jets through 2024. According to Honeywell, that decrease in value can be attributed to the fact that operator buying plans have slid somewhat, while delays to some large-cabin aircraft programs have moved their entry into service further toward the end of the forecast window.

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