Honeywell Outlook Envisions Strong 10-year Demand
The latest Honeywell Aerospace business aviation outlook, released yesterday at the NBAA Convention in Orlando, predicts deliveries of new business jets this year will reach 745, up from 589 last year. Next year, deliveries might exceed 800 bizjets. Looking at the 10-year period through 2015, the forecast predicts deliveries of about 9,900 new business jets, equating to $156 billion in sales. However, the outlook also notes an overall decline in worldwide operator purchase expectations (due solely to a decrease in purchase expectations of North American operators) from about 25 percent of their fleets in 2004 to about 21 percent this year. This will result in a predicted delivery peak in 2006 or 2007, followed by a decrease the next year. These figures do not include the "ultra light jets," a Honeywell-defined subcategory that includes the Eclipse 500, Adam A700 and Diamond D-Jet. If the total ultra light jet numbers are added, the 10-year forecast increases to 13,600 to 15,400 business and personal jets.