Overview
- Honeywell projects 8,500 new business jets worth $283 billion over the next decade, the highest total in the outlook’s 34-year history.
- Released October 13 at NBAA-BACE in Las Vegas, the report implies roughly 3% average annual growth in new deliveries.
- Operator sentiment strengthened: 91% expect to fly the same or more in 2026, global flight hours rose about 3% year over year, and 20% already have aircraft on firm order.
- Fractional fleets have grown about 65% since 2019 to roughly 1,300 aircraft, with midsize and super-midsize types leading, and North America set to take about 70% of near-term deliveries.
- Manufacturers are ramping output to keep pace as supply-chain backlogs and costs persist, while buyers increasingly prioritize performance, fuel efficiency, and sustainable aviation fuel adoption.