Private jet sales breaking barrier
(21.10.2007 Sunday Times)
THE private-jet boom is soaring to new heights with Honeywell, the American aerospace
group that is a key supplier, saying orders are up 100% and forecasting record
sales for the next decade. Honeywell expects deliveries of business jets to exceed
1,000 this year for the first time, up from 861 aircraft delivered last year.
Manufacturers in the first half of this year achieved more than 900 orders, 100%
up on the same period last year, and Honeywell forecasts that 14,000 aircraft
? equivalent to the world’s entire fleet today ? will be delivered in the next
decade. That market will be worth $233 billion ( £114 billion).