Avionics News December 2014 - 54
Photos courtesy of NBAA.org
S T O R Y
G E O F F
H I L L
MAKE NEWS AT
ore than 26,000 people attended the National Business Aviation Association's 2014
Business Aviation Convention & Exhibition
in Orlando, Florida, Oct. 21-23, at the Orange County Convention Center. According to the NBAA, representatives
from 49 U.S. states and 95 countries
were present to see more than 100
aircraft on display in several locations, along with 1,100 exhibitors.
The busy week of activities during the NBAA Convention unofficially began at a media gathering on Sunday, Oct. 19,
as Honeywell unveiled its 23rd annual Business Aviation
Forecast to a group of reporters and industry executives.
According to the report, Honeywell is forecasting up to
9,450 new business jet deliveries worth $280 billion during
the next decade from 2014 to 2024. This year's outlook
reflects an approximate 7 to 8 percent increase in projected
delivery value compared to the 2013 forecast.
In addition, the report noted that operators plan to replace
23 percent of their fleets with new
jets in the next five years, either as a
replacement or in addition to their current fleet. According to Honeywell, this
level of interest is several points lower
than the past four survey cycles, but
it's consistent with results of 25 percent or less that were
normal until 2006.
The report also concluded that larger jets remain the most
popular, ranging from super midsize through ultralong-