Used Jets Purchases, BizJet Usage, Flight Hours Show Increase
Honeywell released its 30th annual Global Business Aviation Outlook, forecasting up to 7,400 new business jet deliveries totalling $238 billion from 2022 to 2031, a 1% increase in deliveries from the same forecast a year ago. 2021’s surveyed business jet operators show a 12% increase in their plans to purchase a used jet, accounting for 800 additional business aircraft. Heath Patrick, president of Americas Aftermarket for Honeywell Aerospace said, “The increased demand for used jets is estimated at more than 6,500 units over the next five years, putting pressure on an already record low inventory and driving additional demand for new jets. Our latest operator survey results