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Honeywell Projects Decade-High Business-Jet Market With 8,500 Deliveries Valued at $283 Billion

The outlook points to fractional ownership growth alongside revived 100% bonus depreciation as the primary catalysts.

Honeywell logo is seen in this illustration taken July 26, 2025. REUTERS/Dado Ruvic/Illustration

Overview

  • Honeywell’s 34th Global Business Aviation Outlook calls for 8,500 new business jets through 2035 worth $283 billion, marking the highest value in the report’s history.
  • Operators are flying more than last year, with global business-jet flight hours up about 3% in 2025.
  • North America is expected to take about 70% of new deliveries, with Europe at 14% and Latin America at 7%.
  • Fractional fleets have expanded more than 65% since 2019 to roughly 1,300 aircraft, reinforcing the segment’s influence on new purchases.
  • Survey findings show 20% of operators already hold firm orders, up from 17% a year ago, as midsize and super midsize jets lead demand and industry backlogs are poised to raise near-term costs.