Press release
HONEYWELL FORECAST SHOWS DEMAND FOR NEW BUSINESS JETS AT RECORD LEVELS, CONTINUED GROWTH EXPECTED FOR NEXT DECADE
34th annual Global Business Aviation Outlook projects 8,500 new business jet deliveries valued at $283 billion over the next decade Purchase plan growth
About this update from Honeywell International Inc.
[{"type":"text","content":"\n \n 34th annual Global Business Aviation Outlook projects 8,500 new business jet deliveries valued at $283 billion over the next decade\n \n \n Purchase plan growth fueled by fractional operators and new tax law \n \n \n Aircraft utilization continues to grow as vast majority of operators plan on flying more or the same as they did this year\n \n \n \n LAS VEGAS, Oct. 13, 2025 /PRNewswire/ -- Honeywell (NASDAQ: HON) today published its 34th annual Global Business Aviation Outlook, which forecasts a record-setting number of new business jet deliveries over the next decade. The report provides unique insights into current industry trends and longer-cycle developments based on forecasting models and surveys of hundreds of business aviation operators across the globe.\n \n \n \n \n \n \n \n Within the report, Honeywell predicts 8,500 new business jets with a projected value of $283 billion – the highest in the report's 34-year history – will be delivered over the next 10 years with an average annual growth rate of 3%. The strong demand for new jets continues to persist against a backdrop of increasingly complex macroeconomic and geopolitical factors. However, those factors have not slowed down the demand for new aircraft.\n \"The combination of recent economic growth, increasing demand for fractional ownership and a steady cadence of new aircraft development and technology upgrades have produced record levels of demand in business aviation,\" said Heath Patrick, president, Americas Aftermarket, Honeywell Aerospace Technologies. \"Operators are increasing their usage rates and in turn manufacturers are continuing to ramp up production to keep pace with growing demand. Over the next decade, we expect these record-setting levels of deliveries and usage to continue.\"\n \n Key findings in the 2025 Honeywell Global Business Aviation Outlook include:\n \n \n \n New business jet deliveries in 2026 are expected to be 5% higher than in 2025.\n \n New business jet deliveries are expected to grow by 3% annually on average over the next 10 years.\n \n 91% of those surveyed expect to fly more or about the same in 2026 compared to 2025.\n \n 20% of operators globally have at least one aircraft on firm order – up from 17% a year ago. The figure was higher in 2025 for the subset of Part 135 and equivalent operators (private jet charters, for exam...