Forecast: $25 billion in business jet deliveries for 2009

10/6/2008 | Flight International ·

The 17th annual Business Aviation Outlook from Honeywell Aerospace predicts that corporate aircraft deliveries next year will reach a record 1,400 units with a value of $25 billion. Honeywell surveyed nearly 1,900 corporate flight departments before the credit crisis gripped Wall Street, but the company says it has seen no widespread order cancellations. Despite non-refundable deposits that can reach into the millions of dollars, however, some analysts caution of "a real risk of deferrals and cancellations over the next several quarters."

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