Slow economic growth keeping lid on industry.
Honeywell Aerospace trimmed its business jet forecast slightly compared with the value noted in last year’s outlook, saying slow economic growth and the anticipation of new models in flight testing will lead to fewer aircraft deliveries in 2016.
Honeywell nonetheless predicted that 9,200 new business jets worth an impressive $270 billion will roll out of production facilities in the next decade.
“While emerging markets like Brazil continue to be a bright spot for business aviation over the medium term, we have seen weaker demand
Photo by: Flying Magazine Editor