NBAA Convention News

Honeywell Aero Exec: ‘Flat Is the New Up’ in Business Aviation Industry

 - October 30, 2012, 10:50 AM

In regards to revenue and growth in the business aviation industry, “Flat is the new up,” Honeywell Business and General Aviation president Rob Wilson said during a roundtable discussion here on Sunday evening. He explained that, while Honeywell expects annual business jet deliveries to rise from about 700 this year to more than 1,000 in 2022, much of this growth won’t materialize until after 2015, meaning market growth in 2013 and 2014 is likely to be “flattish.”

Business jet demand from the BRIC countries–Brazil, Russia, India and China–is expected to lead all world regions, according to Honeywell. Asked what that means for the U.S., Wilson said that these areas simply offer growth opportunities for U.S. business aircraft manufacturers and their suppliers, among them Honeywell. – C.T.