Honeywell forecasts 8,500 business jet deliveries over next decade

Honeywell has published its 33rd annual Global Business Aviation Outlook, offering insights into industry trends and long-term developments based on extensive surveys of business aviation operators worldwide. The forecast predicts the delivery of up to 8,500 new business jets, valued at US$280 billion, over the next decade, an increase in value from last year. However, the five-year purchase plans of operators remain consistent with previous results, indicating that demand for new aircraft is stabilising at levels well above those seen before the pandemic. Business jet manufacturers are expected to ramp up production due to strong backlogs and stable book-to-bill ratios, a trend projected to continue through 2024.

New jet deliveries in 2025 are forecast to be 12% higher than in 2024, with expenditures expected to rise by 11%. Large jets will account for the majority of these expenditures, with 90% of operators expecting to fly more or the same amount in 2025 compared to 2024. The report also highlights that