Growth Looks Good For Next 10 Years
Next year, over 800 business jets are expected to ship, a new record, according to a report by Honeywell that was released on Tuesday. “The industry is in great shape right now,” Charles Park, Honeywell Aerospace’s director of market analysis, told The Wichita Eagle. By 2013, bizjet deliveries should reach 1,000 a year, Park said. By 2015, the industry will have added 9,900 new jets worth $156 billion. That’s in addition to sales of 4,500 to 5,500 very light jets, such as the Eclipse 500 and Adam 700, over the next 10 years. Robust sales are expected at this week’s National Business Aviation Association conference in Florida, Park added. “I think if we have a successful NBAA, and there’s some pretty good order rates encountered by the aircraft manufacturers there, we’ll sail right through 2007 and beyond,” he told the Eagle.
