• Email Us: [email protected]
  • Contact Us: +1 718 874 1545
  • Skip to main content
  • Skip to primary sidebar

Medical Market Report

  • Home
  • All Reports
  • About Us
  • Contact Us

Honeywell raises outlook for business jet deliveries as demand rebounds

October 11, 2021 by David Barret Leave a Comment

October 11, 2021

(Reuters) – Honeywell International Inc on Sunday raised its outlook for business jet deliveries, as the aviation sector shakes off the effects of the COVID-19 pandemic and travel picks up with easing restrictions.

The U.S. industrial conglomerate forecast up to 7,400 new business jet deliveries worth $238 billion from 2022 to 2031, up 1% from the same 10-year forecast a year ago.

Wealthy travelers wanting to fly with fewer people during the pandemic has put pressure on the availability of new corporate aircraft and led 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,” said Heath Patrick, president of Americas aftermarket for Honeywell Aerospace.

Business jet operators surveyed by Honeywell reported a sharp increase in their used jet purchase plans, 12% above last year’s report, the North Carolina-based company said.

Last month, planemaker Boeing Co also revised up its long-term demand forecasts with a rebound in commercial air travel in markets like the United States.

(Reporting by Shreyasee Raj in Bengaluru and Allison Lampert in Montreal; Editing by Maju Samuel)

Source Link Honeywell raises outlook for business jet deliveries as demand rebounds

David Barret
David Barret

Related posts:

  1. G20 urges COVID help for poor states, but short on new commitments
  2. Vietnam approves Cuba’s Abdala vaccine for use against COVID-19
  3. Bolivian president calls for global debt relief for poor countries
  4. British policeman jailed for life for murder and rape of Sarah Everard

Filed Under: News

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Primary Sidebar

  • The Wildfire Paradox Affecting 440 Million People Has As Worrying A Solution As You’d Expect
  • AI May Infringe On Your Rights And Insult Your Dignity (Unless We Do Something Soon)
  • How Do You Study Cryptic Species? We’re Finally Lifting The Lid On The World’s Least Understood Mammals
  • Once-In-A-Decade Close Encounter With Hazardous Asteroid 2025 FA22 Approaches
  • With 229 Pairs, This Beautiful Animal Has The Highest Number Of Chromosomes Of Any Animal
  • “An Unimaginable Breakthrough”: Loudest-Ever Gravitational Wave Collision Proves Stephen Hawking Correct
  • Exciting Martian Mudstone Has Features That Might Be Considered Biosignatures
  • How Long Did Dinosaurs Live? “It’s A Big Surprise To People That Work On Them”
  • NASA’s Mysterious Announcement: “Clearest Sign Of Life That We’ve Ever Found On Mars”
  • New Brain Implant Can Decode Your Internal Monologue, Raising Fears Of Mind Reading
  • “Immediate, Sustained, And Devastating” Pain: The Most Venomous Mammal Packs An Extremely Nasty Sting
  • Domestic Cats Keeping Making Hybrids. That’s A Problem, And Yes – That Includes Some Pets
  • These Strange Little Lizards Have Toxic Green Blood, And No One Knows Exactly Why
  • How Does 2-In-1 Shampoo And Conditioner Work?
  • There Are 2-Billion-Year-Old “Millennium Rocks” In A Suburb, Hundreds Of Miles From Their Primeval Home
  • “That’s A Hellfire Missile Smacking Into That UFO”: Strange Video Emerges From US UAP Hearing
  • In 40,000 Years, Voyager 1 Will Have A Close Encounter With Gliese 445
  • Abnormally Long Gamma Ray Burst Unlike Anything We’ve Seen Before Baffles Astronomers
  • Critically Endangered Shark Meat Is Being Sold In US Stores For As Little As $2.99
  • Infectious Mouth Bacteria Lurking In Artery Plaques Could Be Behind Some Heart Attacks
  • Business
  • Health
  • News
  • Science
  • Technology
  • +1 718 874 1545
  • +91 78878 22626
  • [email protected]
Office Address
Prudour Pvt. Ltd. 420 Lexington Avenue Suite 300 New York City, NY 10170.

Powered by Prudour Network

Copyrights © 2025 · Medical Market Report. All Rights Reserved.

Go to mobile version