Posted on October 19th, 2010
The latest business aircraft forecast from engine, equipment and avionics manufacturer Honeywell sees at least one more down year in 2011 before the start of a rebound cycle. According to its 19th annual outlook that was released yesterday evening, the Phoenix-based company predicts deliveries of between 675 and 700 new business jets for this year–the lowest total since 2004–followed by another year of fewer than 700 deliveries in 2011. “I think the downturn in 2009 demonstrated for all of us that nothing is really firm in an economic calamity as we saw, but that said, we are seeing a lot less volatility in that order book, a lot more stability and more of a sense of continuity,” Honeywell president for business and general aviation Rob Wilson told AIN. “I would add that we have yet to see widespread consistent order intake across the entire industry and that is what we are looking for before we start to signal a strong recovery.” That recovery is now expected to begin in 2012, fueled by deferred demand, new high-value aircraft models and more solid rates of global economic recovery. The forecast anticipates a cyclic peak likely higher than in 2008, occurring late in the decade.
Tags: business aviation