• 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Your email address will not be published.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

  • Why Do Some Toilets Have Two Flush Buttons?
  • 130-Year-Old Butter Additive Discovered In Danish Basement Contains Bacteria From The 1890s
  • Prehistoric Humans Made Necklaces From Marine Mollusk Fossils 20,000 Years Ago
  • Zond 5: In 1968 Two Soviet Steppe Tortoises Beat Humans To Orbiting Around The Moon
  • Why Cats Adapted This Defense Mechanism From Snakes
  • Mother Orca Seen Carrying Dead Calf Once Again On Washington Coast
  • A Busy Spider Season Is Brewing: Why This Fall Could See A Boom Of Arachnid Activity
  • What Alternatives Are There To The Big Bang Model?
  • Magnetic Flip Seen Around First Photographed Black Hole Pushes “Models To The Limit”
  • Something Out Of Nothing: New Approach Mimics Matter Creation Using Superfluid Helium
  • Surströmming: Why Sweden’s Stinky Fermented Fish Smells So Bad (But People Still Eat It)
  • First-Ever Recording Of Black Hole Recoil Captured During Merger – And You Can Listen To It
  • The Moon Is Moving Away From Earth At A Rate Of About 3.8 Centimeters Per Year. Will It Ever Drift Apart?
  • As Solar Storm Hits Earth NASA Finds “The Sun Is Slowly Waking Up”
  • Plate Tectonics And CO2 On Planets Suggest Alien Civilizations “Are Probably Pretty Rare”
  • How To Watch The “Awkward” Partial Solar Eclipse This Weekend
  • World’s Oldest Pots: 20,000-Year-Old Vessels May Have Been Used For Cooking Clams Or Brewing Beer
  • “The Body Is Slowly And Continuously Heated”: 14,000-Year-Old Smoked Mummies Are World’s Oldest
  • Pizza Slices, Polaroid Pictures, And Over 300 Hats: What’s Left Behind In Yellowstone’s Hydrothermal Areas?
  • The Mathematical Paradox That Lets You Create Something From Nothing
  • 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