Honeywell Aerospace raises business jet delivery forecast as utilization supports demand
Business aviation demand is set to remain firm over the next decade as operators fly aircraft more often and expand shared-use models. Honeywell Aerospace now expects 9,950 new business jet deliveries worldwide between 2026 and 2035, up 4.4% from its previous forecast.
Highlights
- Honeywell Aerospace forecasts total aircraft deliveries of about 14,000, including 4,200 turboprops, from now through 2035.
- The global business aviation fleet is projected to expand 29% and flight hours to increase 34% through 2035, with utilization growth outpacing fleet size.
- North America remains the largest market, with rising demand in Latin America and Asia-Pacific, while Middle East conflict disrupts operations and stalls regional development.
Delivery outlook and fleet growth
As reported by Reuters, Honeywell Aerospace said on Monday that its latest market outlook also includes about 4,200 turboprop deliveries through 2035, taking total aircraft deliveries to roughly 14,000 over the period.The company expects the global business aviation fleet to grow about 29% over the next decade. It also projects global business aviation flight hours to rise about 34% through 2035, a pace that exceeds fleet growth as operators make greater use of charter and fractional ownership models.
Linnea Whisler, president of Commercial Original Equipment at Honeywell Aerospace, said business aircraft owners and operators are consistently flying more, ordering new business jets, expanding fleets and investing in innovations that are driving growth across the sector.
Regional demand trends and operational risks
North America remains the largest business aviation market, according to Honeywell Aerospace, while demand is growing in Latin America and parts of Asia-Pacific, including India.The company said rising interest in charter services and fractional ownership is supporting higher aircraft utilization despite economic uncertainty and geopolitical volatility. However, it noted that conflict in the Middle East is disrupting flight operations and has paused development activity in the region.
In our earlier coverage of the IMF’s warning on prolonged Middle East conflict, we outlined how renewed disruptions to energy production, shipping routes, and critical infrastructure could deepen economic shocks across the Middle East and Central Asia. The report highlighted forecasts for a regional contraction in 2026 followed by an uneven rebound in 2027, while stressing that limited policy buffers could amplify volatility if trade and energy flows are hit again.
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