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• Up to 9,450 deliveries of new business jets valued at $280 billion forecast through 2024
• Operators plan to replace 23 percent of their fleets with new jets in the next five years
• European and Brazilian purchase plan percentages lead all world regions
• Large-cabin jets account for up to 46 percent of five-year new purchase plans Dubai, UAE, Oct. 21, 2014 – In its 23rd annual Business Aviation Outlook, Honeywell (NYSE: HON) is forecasting up to 9,450 new business jet deliveries worth $280 billion from 2014 to 2024. The 2014 Honeywell outlook reflects an approximate 7 to 8 percent increase in projected delivery value over the 2013 forecast. Slightly higher unit deliveries are coupled with modest list price increases and the continued strong showing of larger business jet models in the delivery mix to generate the growth. Honeywell forecasts 2014 deliveries of approximately 650 to 675 new jets, a single-digit increase in percentage growth year over year. The improvement in deliveries expected in 2014 is largely due to program schedule recoveries, new model introductions and additional fractional uptake. “2015 industry deliveries are anticipated to be up modestly again, reflecting momentum from several new model introductions and some gains linked to incremental global economic growth,” said Brian Sill, president, Business and General Aviation, Honeywell Aerospace.
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