Honeywell’s “Global Business Aviation Outlook,” released Oct. 30, has scaled back its predictions of last year, forecasting there will be 8,600 new business jet deliveries during the next 10 years valued at $255 billion, a 6 to 7 percent reduction in values from the 2015 forecast. The 2015 Honeywell report called for 9,200 jets during the next 10 years worth $270 billion.
Jetcraft, in its second-ever forecast a few weeks ago, predicted only 7,879 deliveries during the next 10 years worth $248 billion.
Honeywell’s analysts found interest in new aircraft starting in 2018 and 2019. Here are key points from the Honeywell report.
The Jetcraft report made these points.
Honeywell noted in its report that the "…pace of flight activity has not recovered," and J.P. Morgan’s report noted a 2.1-percent increase in flight operations in August "…does not provide much relief." Both used inventory and used pricing have declined, the report said. The report also noted Bombardier is "…sounding more open to selling" Learjet.
The Honeywell report indicated continued improvements in Chinese and Russian purchase plans, with other analysts indicating that the Chinese government’s shaming of businessmen buying private jets has left a chill on that market.