Aviation News Item: 00950

19th Oct 2009

Source: fly-corporate.com

In the 18th edition of its annual Business Aviation Outlook, Honeywell forecasts delivery of approximately 11,000 new business jets from 2009 through 2019, generating estimated industry sales of $200 billion.

For 2009, Honeywell Aerospace forecasts deliveries of 750-800 new business jets, down from 1,139 in 2008. Deliveries in 2010 are expected to drop below 700. Based on operator survey responses, long-term buyer interest has increased, however new purchase plans are currently timed later in the five-year planning window, which strongly suggests that by 2011-2012 there will be significant pent-up demand that will improve the outlook for order intake and new jet deliveries.

"Offsetting this near-term contraction, Honeywell's surveyed operators said their new purchase plans were less affected during the five-year horizon in key international markets within Europe, Asia, Africa and the Middle East," said Rob Wilson, President, Business and General Aviation, Honeywell Aerospace.

"The relatively stronger levels and timing of international purchase plans suggests that pent-up demand will improve both order intake and new jet delivery rates by 2011-2012, similar to what the industry experienced in the last cycle," Wilson said. "Despite some programme cancellations and delays, there is still a solid pipeline of new high-value models supporting long-term growth and our survey indicates that international demand will remain significant."

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