Flying Magazine reports, this week the annual Honeywell Global Business Aviation Outlook was released, “predicting strong and stable growth in the industry for the next five years. The forecast also predicts demand for 8,500 new business aircraft worth $280 billion during that period, up a little from earlier forecasts and prompting some manufacturers to ramp up production. At the same time, customer demand has leveled off, suggesting a more balanced market is taking hold, according to the survey.”
Full Story (Flying Magazine)
Tag: Forecasts
Senior Forecasts Strong Second Half as Demand Increases
Reuters reports that Senior “forecast a strong second half of the year on Monday, after adjusted profits for the first six months doubled, propelled by easing supply chain issues in its aircraft parts business and strong demand in the auto and power unit.” Customers for the engineering firm include The Boeing Company and Airbus, with Senior “benefiting from planemakers ramping up production to meet booming air travel demand.” First half adjusted profits for Senior “doubled to 17.6 million pounds ($22.62 million) on a reported basis.” A statement from the company read, “Planned aircraft build rate increases should lead to higher sales in H2 with supply chain challenges enduring but anticipated to be less severe towards the end of the year.”
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U.S. Space Force Forecasts 25% Increase in Launches in Next Two Years
Aviation Week reports, “The U.S. Space Force anticipates launches from its two continental spaceports to increase by 25% to 30% over the next couple of years, continuing a trend as greater numbers of military, civil and commercial payloads are being sent into space. The service has supported a steady growth in its launch cadence and does not see it slowing down in the near future.”
Full Story (Aviation Week)