{"id":6372,"date":"2019-10-20T20:55:23","date_gmt":"2019-10-21T01:55:23","guid":{"rendered":"http:\/\/planesintheair.com\/?p=6372"},"modified":"2019-10-20T20:55:23","modified_gmt":"2019-10-21T01:55:23","slug":"honeywell-forecasts-7600-new-business-jet-deliveries-over-next-decade","status":"publish","type":"post","link":"https:\/\/planesintheair.com\/?p=6372","title":{"rendered":"Honeywell Forecasts 7,600 New Business Jet Deliveries Over Next Decade"},"content":{"rendered":"\n

– 28th annual Global Business Aviation Outlook projects 2020 deliveries to be higher than 2019 as new models enter service<\/strong><\/p>\n\n\n\n

– Five-year purchase plans for new business jets down slightly, but plans to buy used jets grow significantly<\/strong><\/p>\n\n\n\n

– Long-range forecast predicts healthy market with steady annual growth<\/strong><\/p>\n\n\n\n

LAS VEGAS,\u00a0Oct. 20, 2019\u00a0\/PRNewswire\/ —\u00a0The business jet industry is expected to see strong growth in the short to medium term, supported by several new airplane models coming to the market, according to Honeywell’s (HON<\/a>) 28th annual Global Business Aviation Outlook. Released today, the Global Business Aviation Outlook forecasts up to 7,600 new business jet deliveries worth\u00a0$248 billion\u00a0from 2020 to 2029, down 1 to 2 percentage points from the 2018 10-year forecast.<\/p>\n\n\n\n

\"Honeywell
Honeywell Logo. (PRNewsFoto\/Honeywell) (PRNewsfoto\/Honeywell)<\/figcaption><\/figure>\n\n\n\n

“Production ramp up on many new business jet platforms are expected to lead to a 7% increase in deliveries in 2020, following a strong projected growth in 2019 over 2018 aircraft deliveries,” said Heath Patrick, president, Americas Aftermarket, Honeywell Aerospace. “We are confident that these new and innovative aircraft models will support solid growth in the short term and have a continuing impact on new business jet purchases in the midterm and long term.”<\/p>\n\n\n\n

Key findings in the 2019 Honeywell global outlook include:<\/p>\n\n\n\n