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Honeywell Expects 7400 New Business Jet Deliveries As Travel Rebounds

By John F. Heerdink, Jr.

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.

“The increased demand for used jets is estimated at more than 6,500 units over the next five years, putting pressure on an already record low inventory and driving additional demand for new jets,” stated Heath Patrick, president of Americas aftermarket for Honeywell Aerospace.

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(Read Original Story: Honeywell raises outlook for business jet deliveries as demand rebounds in Reuters)


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