Honeywell International Inc on Sunday lifted its outlook for business jet deliveries, as the COVID-19 pandemic brought in a wave of first-time users and buyers in the private flying market.
Oct 16 - Honeywell International Inc
Honeywell forecast up to 8,500 new business jet deliveries worth $274 billion from 2023 to 2032, up 15% from last year's outlook, while the usage in 2022 is expected to climb 9% higher. Business turboprops and small cabin jets each make up 35% of the fleet carrying these new users, followed by medium jets and large long-range jets, the company said, citing its survey.
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