- Global demand for new business jets is expected to stay strong over the next decade, Honeywell said on Sunday, as the engine maker projected deliveries of about 8,500 new planes through 2033.
Global flight activity, however, is expected to decrease by 4% this year compared with 2022 on factors such as inflation and the resumption of commercial air service on key routes. The company also said it expects new private jet deliveries in 2024 to be 10% higher than this year, while expenditure on private flying is expected to rise by about 13%.
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Source: News Formal (newsformal.com)