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Honeywell’s (NASDAQ:HON) forecasts as many as 8,500 new enterprise jet deliveries valued at $278B over the following decade, according to its rolling 10-year projection supplied final yr, the corporate mentioned Sunday in its annual International Enterprise Aviation Outlook.
New customers in enterprise aviation have elevated demand by 500 new plane and 6% extra flights over the following decade, and new enterprise jet deliveries in 2024 anticipated to be 10% greater than in 2023, the corporate projected.
Honeywell (HON) foresees massive, long-range and ultra-long-range plane lessons accounting for ~69% of all expenditures of recent enterprise jets within the subsequent 5 years.
The corporate additionally mentioned 60% of surveyed operators are implementing not less than one technique to cut back their carbon footprint, 10 share factors greater than a yr in the past.
“Our business is on the upswing,” in accordance with Heath Patrick, president of Americas aftermarket for Honeywell (HON) Aerospace. “Operators are exhibiting confidence with plans to broaden their fleets at a sooner charge than any time within the earlier decade.”