Chad is the editor of AINalerts, AIN's daily business aviation newsletter, and is also the news editor at AIN Media Group.&nbsp;He has been writing about aviation, with an emphasis on business aviation, since 1994. Chad started his writing career at The Avion,&nbsp;the&nbsp;student newspaper at Embry-Riddle Aeronautical University in Daytona Beach, Florida, serving as editor-in-chief before graduating with a bachelor's in aeronautical science. After a stint as managing editor at Professional Pilot&nbsp;magazine, he joined&nbsp;AIN in late 1998. Chad holds a commercial pilot certificated with instrument and multi-engine ratings, and he also is a CFI/CFII. He lives and works from his home in Venice, Florida.

Online Editor

Chad Trautvetter

Up to 9,450 new business jets worth $280 billion are forecast to be delivered over the next 10 years, according to Honeywell Aerospace’s 23rd annual Business Aviation Outlook, released yesterday. This reflects an 8-percent increase in projected billings over the 2013 outlook, thanks to slightly higher aircraft deliveries, “modest” list price increases and continued strong demand for larger business jets. While annual billings are expected to surpass peak 2008 levels in 2017 and beyond, unit deliveries are not projected to reach the 2008 peak any time during the 10-year forecast.

 


Honeywell sees a realignment of near-term regional market shares, with business jet demand from North America slipping two percentage points to 59 percent over the next five years. Europe is expected to be the next-largest market for business jets in the next five years, accounting for 18 percent of new deliveries. Latin America is projected to account for 17 percent of the near-term demand, followed by Asia and the Middle East each at 3 percent.

 


For this year, Honeywell is estimating deliveries of 650 to 675 new jets, a single-digit percent increase from last year. It expects 2015 industry deliveries to be up “modestly.

Honeywell: 9,450 Bizjets To Be Delivered in Next Decade

Billings are expected to increase by 8 percent to $280 billion over the company’s business jet outlook.

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