Aircraft
Honeywell Forecast Sees Strong Appetite For Bizjets
The OEM sees 8,500 new business jet deliveries over the next decade
Honeywell Forecast aircraft

The business aviation market could see as many as 8,500 new jet deliveries worth $278 billion over the next decade, according to the results from Honeywell Aerospace’s 32nd annual Global Business Aviation Outlook. Released on Sunday ahead of NBAA-BACE 2023, the outlook calls for 730 business jet deliveries worth $23 billion this year, while in 2024 it sees a 10 percent increase in deliveries, passing the 800-unit mark for the first time since 2019.

According to the company’s 10-year outlook, it predicts more than 800 deliveries a year through 2031, when the industry could once again surpass the 900-unit plateau.

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