Affluent travelers, who avoided scheduled flights in 2020, helped private flying recover earlier than the commercial airlines’ business, but there were doubts whether they would stick with private air travel once the pandemic was over.
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A report by the U.S. maker of avionics and business jet engines, forecasts private plane deliveries at a higher level than before the pandemic, with demand for planes resilient despite a U.S.-led trade war and geopolitical tensions.
Honeywell predicts global deliveries of 8,500 new business jets with a projected value of $283 billion – the highest in the report’s 34-year history – over the next decade. The report comes ahead of the world’s largest business jet show, which starts on Tuesday in Las Vegas.
Honeywell expects record business jet deliveries over next decade
