Private jet deliveries expected to hit record level over next decade

Demand for private jets is surging, with Honeywell projecting a record-setting number of new business jet deliveries over the next decade despite ongoing macroeconomic and geopolitical uncertainty.Honeywell, whose most visible divisions are industrial technologies and aerospace, recently published its 34th annual Global Business Aviation Outlook, which estimated that there will be 8,500 new business jet deliveries worth $283 billion, the highest total in the 34-year history of its aviation outlook, over the next 10 years with an average annual growth rate of 3%.Heath Patrick, president of Amer