Business Aviation
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A Cessna Citation private jet. (Photo: "N420CS - Cessna Citation C525" by AndrewC75 is licensed under CC BY-NC-ND 2.0)

Honeywell: Business Jet Market to Recover to 2019 Levels by Second Half of 2021

Even as demand for business travel remains unknown for commercial airlines and corporate manufacturers and operators, short-term reductions in both deliveries and expenditures due to the pandemic are not expected to have a lasting impact on the business jet industry. Honeywell's Global Business Aviation is forecasting up to 7,300 new business jet deliveries worth $235 billion from 2021 to 2030, down 4% in deliveries compared to the same 10-year forecast a year ago. The 2020 Honeywell Global Business Aviation also…