Honeywell: Bizjet Deliveries To Reach Pre-Covid Levels in Mid-decade
The business aviation successfully emerged from the Covid pandemic, but it will be several years until industry delivery rates match pre-pandemic rates.
(Graphic: Honeywell)
(Graphic: Honeywell)

The business aviation industry successfully emerged from the Covid pandemic with flight activity near 2019 levels, but it will be several years yet until aircraft delivery rates match those of the pre-pandemic period, according to Honeywell Aerospace’s Business Jet Delivery Outlook. The company’s annual 10-year delivery forecast calls for 7,400 new business jet deliveries over the next decade worth an estimated $238 billion, up 100 units from last year’s forecast, but still down from the 7,600 it prognosticated back in 2019.

The company's longer-range forecast through 2031 projects a 3 percent average annual growth rate of deliveries, in line with expected worldwide long-term economic growth. Released on Sunday ahead of this year's NBAA-BACE in Las Vegas, this year's forecast marks Honeywell's 30th anniversary of doing the outlook.