Business jet deliveries forecast to rise in 2012

Las Vegas: A leading business aviation forecast predicts business jet deliveries will increase in 2012, but won't return to pre-recession levels until the end of the decade.
This year marks the bottom of a down cycle that began in late 2008, when the recession hit the general aviation industry, the outlook said.
Near term, demand will be tempered by the continued slow economic recovery.
But after 2012, the industry appears positioned to begin another expansion, although at a moderate pace.
Honeywell Aerospace's just-released forecast predicts sales and deliveries of 10,000 business jets worth $230 billion over the 10-year period from 2011 through 2021.
Half of the deliveries — 5,000 — are projected for the five years from 2012 to 2016.
"Overall, I think it's a solid outlook," said Rob Wilson, president of Honeywell Aerospace's business aviation and general aviation unit.
Honeywell, a components and systems manufacturer, released its 20th annual outlook at a meeting Saturday evening at the Palms hotel in Las Vegas before the start of the National Business Aviation Association meeting and convention. The show opens Monday and runs through Wednesday.
Honeywell surveyed more than 1,500 corporate flight departments around the world to compile its forecast.
Honeywell's outlook also found:
* Significant international demand with 45 percent of the shipments outside North America, with a continuing global shift in demand.
* The world's highest percentage of purchase plans expected from Brazil, Russia, India and China.
* An increase in the number of planned purchases from Asia, the Middle East and Africa.
* Flat buying expectations from North American customers.
09/10/11 Molly McMillin/Wichita Eagle

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Categories: Foreign Oct 2011, Indian Aviation- In General Oct 2011