Business Aviation Outlook Offers Visibility

Jan 15, 2015 – According to the major drivers of this year’s stock market, 2015 is looking up to clearer skies. Only time will tell, but with the economy seemingly on a rebound in the US, opportunity could be knocking. A maturing economic recovery, a continuing drop in oil prices, and a likely short-term interest rate hike from the Federal Reserve will all drive value.  With expansion entering its fifth year, the economy is finally acting like one in the middle of a cyclical upturn.

Honeywell Global Business Aviation Forecast Sees 4 percent Average Annual Industry Growth Over Next Decade

Forecast Highlights:

  • 7 to 8% increase in projected delivery value over the 2013 forecast.

  • Forecast of up to 9,450 new business jet deliveries worth $280 billion from 2014 to 2024. 

  • 2014 deliveries of approximately 650 to 675 new jets, a single-digit increase in percentage growth year over year.

Find our more at Honeywell Aerospace

LARGER JETS REMAIN POPULAR

Despite lower overall purchase expectations, operators continue to focus on larger-cabin aircraft classes ranging from super midsize through ultralong-range and business liner, implying these types of aircraft will command the bulk of the value billed from now until 2024. This large-cabin group is expected to account for more than 75 percent of all expenditures on new business jets in the near term. Volume growth between now and 2024 will be led by these classes of aircraft, reflecting 60 percent of additional units and nearly 85 percent of additional retail value. 

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