Aircraft
Honeywell: Demand Slowing for Bizjets, Helos in China
Business jet and helicopter markets in China have cooled due a slowing economy and an anti-luxury backlash.

The Chinese business jet and helicopter markets have cooled due to a slowing economy and a government-backed austerity campaign that stemmed from a crackdown on corruption, according to Honeywell Aerospace’s latest forecasts. While the company sees some near-term “glimmer” for business jet deliveries in China, purchase plans in the medium-term are expected to be below historical levels. In the helicopter sector, the outlook is more grim.

The company surveys operators to help develop its forecasts, and it received more than 1,500 completed responses for its 24th annual Global Business Aviation Outlook, which was released in late November. Overall, it projects deliveries of 9,200 new business jets worth $270 billion between last year and 2025. Honeywell does not include VIP versions of airliners or very light jets in its business jet forecast.