Finance, Taxes, Insurance
Honeywell Sees Dip in Bizjet Demand for Middle East and Africa
New aircraft deliveries in Asia and Europe also set to shrink over next five years
Regional five-year demand for new jets - Honeywell
Regional five-year demand for new jets. © Honeywell

The Middle East and Africa (MEA) are expected to represent a declining share of projected new business jet deliveries, according to Honeywell Aerospace’s latest Global Business Aviation Outlook. The report, published in October, showed the region representing just 3% of worldwide demand, which was half the 6% market share envisioned by the company's 2023 report.

Honeywell’s researchers concluded that North America will account for two-thirds of new jet deliveries between now and 2029, marking a 2% uptick since the 64% tally recorded last year. Latin America is expected to double its share, rising from 5% to 10%, but like the Middle East the Asia-Pacific region (7%) and Europe (13%) are set for decline.

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