Reported Sunday, Honeywell's Global Business Aviation Outlook Shows Elevated Demand For 8,500 Jets, $280B Market Growth
Portfolio Pulse from Benzinga Newsdesk
Honeywell's 33rd annual Global Business Aviation Outlook projects a demand for 8,500 new business jets valued at $280 billion over the next decade, with 2025 deliveries expected to be 12% higher than 2024. The demand is significantly above pre-pandemic levels, with large jets accounting for two-thirds of expenditures.
October 21, 2024 | 7:13 am
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Honeywell's Global Business Aviation Outlook indicates strong demand for business jets, projecting 8,500 new deliveries worth $280 billion over the next decade. This suggests potential revenue growth for Honeywell, especially in large jets.
The report highlights a significant increase in demand for business jets, which is directly related to Honeywell's business operations. The projected growth in jet deliveries and expenditures suggests potential revenue growth for Honeywell, especially as large jets, which are a significant part of the market, are expected to account for two-thirds of expenditures.
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