Honeywell’s 28th annual Global Business Aviation Outlook projects 2020 deliveries to be higher than 2019 as new models enter service, and the long-range forecast predicts a healthy market with steady annual growth.
The outlook forecasts 7,600 new business jet deliveries worth $248 billion from 2020-2029, down about 1.5% from last year’s forecast. Some of the key trends in the forecast is that operators looking to purchase new jets in the next five years dropped by 3%, operators are continuing to focus on larger-cabin jets than smaller aircraft, with ultra-long range jets earning 71% of the market dollars.
The regional breakdown showed increased purchase plans in Asia, but slightly lower growth in the Americas, and uncertainty in Europe, particularly with Brexit, and regional conflict influencing the Middle East and African markets.
President AirInsight Group LLC