Wedoany.com Report-Oct. 15, Honeywell, a U.S. aerospace supplier, announced on Monday that it expects record deliveries of new business jets over the next decade, indicating that demand for private air travel remains strong even after the pandemic. The company’s latest industry report forecasts a sustained increase in aircraft deliveries, reflecting continued interest from affluent travelers who turned to private aviation during COVID-19.

Honeywell logo is seen in this illustration taken July 26, 2025.

During the pandemic, many high-income passengers shifted away from commercial flights, helping private aviation recover faster than scheduled airlines. Although some analysts questioned whether this trend would persist after travel restrictions were lifted, Honeywell’s new forecast suggests that the preference for private flying has remained steady.

According to the report, global deliveries of new business jets are expected to reach 8,500 units over the next ten years, representing a total estimated value of $283 billion. This projection marks the highest figure in the 34-year history of Honeywell’s annual business aviation outlook. The company noted that private aircraft demand has remained resilient despite ongoing global economic and trade challenges.

The report was released ahead of the world’s largest business jet exhibition, which begins Tuesday in Las Vegas. Honeywell said that demand growth is being driven by steady utilization rates and strong orders from both corporate and individual buyers seeking efficiency and flexibility in air travel.

Ben Driggs, Honeywell Aerospace’s Chief Commercial and Strategy Officer, said: “More people are flying in business aviation than pre-COVID. Those hours have continued to increase at a much higher level since 2019, so it appears like people are really staying with business aviation.” He added that the trend underscores a structural shift in travel preferences, with private aviation now viewed as a practical alternative for frequent business and leisure travel.

Honeywell also projected that new business jet deliveries will rise by about 5% in the near term, supported by healthy backlogs among leading manufacturers. The report found that 91% of operators expect to fly more in the coming year compared with current levels, reflecting confidence in continued growth.

The surge in demand has benefited major planemakers, including Canada’s Bombardier, which is preparing to deliver its new Global 8000 jet, and U.S. manufacturer Gulfstream Aerospace, which is launching a replacement for its G280 model. Analysts said both companies are positioning their new aircraft to meet the market’s preference for longer range, greater comfort, and fuel efficiency.

Honeywell’s forecast reinforces expectations that the business aviation market will remain robust through the next decade, supported by technological improvements, expanding operator fleets, and steady global economic activity. The company emphasized that sustained interest in private air travel will continue to shape the industry’s long-term growth outlook.