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Las Vegas:

Honeywell forecast shows quick rebound for business aviation as flight hours, purchase plans grow

  • Bizjet flight hours in 2021 expected to be almost 50% higher than a year ago - above pre-pandemic levels.
  • 7,400 new business jet deliveries over the next decade projected valued at $238bn.


Honeywell’s 30th annual Global Business Aviation Outlook forecasts up to 7,400 new business jet deliveries worth $238bn from 2022 to 2031, up 1% in deliveries from the same 10-year forecast a year ago.

In 2021, surveyed business jet operators reported a sharp increase in used jet purchase plans, 12% above last year’s report, equivalent to 800 additional used business aircraft. Business aircraft manufacturers also announced a strong increase in jet orders, indicating that the industry has almost completely shaken off the effects of the COVID-19 pandemic.

Honeywell’s 30th annual Global Business Aviation Outlook

“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,” said Heath Patrick, president, Americas Aftermarket, Honeywell Aerospace. “Our latest operator survey results support continued private jet usage growth, as more than 65% of respondents anticipate increased business jet usage in 2022. Despite the ongoing challenges presented by the pandemic, flight hours have recovered and grown beyond pre-pandemic levels. The overall health of the business jet market is strong, and growth is expected to continue.”

Key findings in the 2021 Honeywell Global Business Aviation Outlook include:

Minimal ongoing COVID-19 impact in 2021

Honeywell’s 30th annual Global Business Aviation Outlook

Breakdown by Region

North AmericaCompared with last year, five-year new aircraft acquisition plans in North America are down 3 percentage points as operators’ cool expectations for the fifth year in the survey period. This is likely driven by the uncertainty caused by the Delta variant among smaller jet operators. Used aircraft purchase plans are up 3 percentage points.

Honeywell’s 30th annual Global Business Aviation Outlook

Europe European operators’ new aircraft purchase plans are down 5 percentage points year over year as the Delta variant forced governments to restrict travel across borders, creating uncertainty.

Latin AmericaPurchase plans recovered to 2019 levels, up 6 percentage points versus last year.

Asia PacificDespite ongoing geopolitical and commercial tensions, purchase plans are up.

Middle East and Africa (MEA)The survey marked a five-year low when it comes to purchase plans in 2021.

Honeywell’s 30th annual Global Business Aviation Outlook

Used Jets

Plans to acquire used jets in the next five years increased by about 4 percentage points from last year’s survey. 29% of used business jets will trade hands over the next five years, compared with a five-year projection of 25% in 2020.

Making an impact on business decisions

The Global Business Aviation Outlook reflects current operator concerns and also identifies longer-cycle trends that Honeywell uses in its own product decision process. The survey has helped identify opportunities for investments in flight-efficiency upgrades, expanded propulsion offerings, innovative safety products, services, upgrades, and enhanced aircraft connectivity offerings. The survey also informs Honeywell’s business pursuit strategy and helps position the company consistently on high-value platforms in growth sectors.

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BlueSky Business Aviation News | 14th October 2021 | Issue #625


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