Honeywell says it expects record deliveries of business jets to continue for a few more years, but the peak of the market is in sight and will likely occur next year or in 2010. But even though the unprecedented expansion of the industry that has increased every year for the last five couldn't continue, the company's annual report, released on the eve of the National Business Aviation Association convention, says there won't be the crash that usually follows boom times for the aviation sector. "Gains in new aircraft capability and flexibility, incremental demand from fractional ownership and jet cards, airline use of business jets, branded charter operations and special mission applications, and a global economy are all contributing to business jet demand," the report said, predicting that more than 17,000 business aircraft, worth $300 billion, will be delivered in the next 10 years.
This is a companion discussion topic for the original entry at https://www.avweb.com/air-shows-events/honeywell-says-happy-days-are-still-here