Honeywell: Business Jet Market to Recover to 2019 Levels by Second Half of 2021

posted on 14th October 2020 by Eddie Saunders
Honeywell: Business Jet Market to Recover to 2019 Levels by Second Half of 2021

By Victor Shalton, airlinegeeks.com

Even as demand for business travel remains unknown for commercial airlines and corporate manufacturers and operators, short-term reductions in both deliveries and expenditures due to the pandemic are not expected to have a lasting impact on the business jet industry.

Honeywell’s Global Business Aviation is forecasting up to 7,300 new business jet deliveries worth $235 billion from 2021 to 2030, down 4% in deliveries compared to the same 10-year forecast a year ago.

The 2020 Honeywell Global Business Aviation also indicates that 80 percent of the business jet operator’s purchase plans have not been affected by the COVID-19 pandemic, with business jet deliveries in 2021 expected to be up 13% from a COVID-19 impacted 2020.