Reportedly, Honeywell International Inc (HON) raised its outlook for business jet deliveries, as the travel sector rebounds after Covid-19 restrictions begin to ease globally. The company now forecast up to 7,400 new business jet deliveries worth $238 billion from 2022 to 2031, an increase of 1% from the same 10-year forecast a year ago. Travelers willing to spend and wanting to fly personally during the pandemic have put pressure on the availability of new corporate aircraft, leading to a shortage of pre-owned business jets.
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