Honeywell's 10-year business aviation market forecast calls for slumping demand through the end of the year and 2010. "The relatively stronger levels and timing of international purchase plans suggests that pent-up demand will improve both order intake and new jet delivery rates by 2011 to 2012," said Rob Wilson, Honeywell's president for business and general aviation. Meanwhile, UBS Investment Research's monthly business jet report cites a decline in pre-owned business jet inventories as a positive sign of recovery.

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