Honeywell’s predicts 8,500 new business jet deliveries at $274bn over the next decade

Honeywell has predicted about 8,500 new business jet deliveries worth $274bn from 2023 to 2032 in its 31st Global Business Aviation Outlook forecast. The deliveries and expenditures are expected to be 15% above the 10-year forecast a year ago. Honeywell Aerospace President, Americas Aftermarket, Heath Patrick, said: “The business aviation industry is greatly benefitting from a wave of first-time users and buyers due in part to changing habits brought on by the COVID-19 pandemic. The business aviation sector is expected to recover to 2019 delivery and expenditure levels by 2023, which is much sooner than previously anticipated. Demand for new business jets