© Reuters. FILE PHOTO: A logo of Honeywell is pictured on their booth during the European Business Aviation Convention & Exhibition in Geneva, Switzerland, May 22, 2017. REUTERS/Denis Balibouse/File PhotoThe forecast is consistent with Honeywell's rolling 10-year projection provided last year, but the value of jets expected to be delivered has increased by $4 billion to $278 billion, the company said in its annual Global Business Aviation Outlook.
Private aviation witnessed a surge in newcomers, both in users and buyers, after the COVID-19 pandemic lifted demand for private flying as the wealthy took control of their travel. 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.
Still, 2023 flight activity is expected to finish at least 10% above the 2019 levels, said Honeywell, which provides engines to private jet makers such as Bombardier will also be removed; self-promotional material or business-related solicitations or PR , and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
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