Honeywell sees steady demand for business jets over the next decade

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- Global demand for new business jets is expected to stay strong over the next decade, Honeywell said on Sunday, as the engine maker projected deliveries of about 8,500 new planes through 2033.

Private aviation witnessed a surge in newcomers, both in users and buyers, after the COVID-19 pandemic lifted demand for private flying as the wealthy took control of their travel. Still, 2023 flight activity is expected to finish at least 10% above the 2019 levels, said Honeywell, which provides engines to private jet makers such as Bombardier and General Dynamics-owned Gulfstream.

The company also said it expects new private jet deliveries in 2024 to be 10% higher than this year, while expenditure on private flying is expected to rise by about 13%.

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