Honeywell Raises Outlook for Business Jet Deliveries as Demand Rebounds

Honeywell Raises Outlook for Business Jet Deliveries as Demand Rebounds
An aircraft engine is being tested at Honeywell Aerospace in Phoenix, Ariz., on Sept. 6, 2016. Alwyn Scott/Reuters
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Honeywell International Inc. on Sunday raised its outlook for business jet deliveries, as the aviation sector shakes off the effects of the COVID-19 pandemic and travel picks up with easing restrictions.

The U.S. industrial conglomerate forecast up to 7,400 new business jet deliveries worth $238 billion from 2022 to 2031, up 1 percent from the same 10-year forecast a year ago.