Honeywell projects close to 10,000 business jet deliveries by 2035

Honeywell Aerospace expects manufacturers to hand over 9,950 business jets and 4,200 turboprops between 2026 and 2035, a combined value of $343 billion, according to its annual Global Business Aviation Outlook. The report was presented in Las Vegas on October 19, 2026, ahead of the NBAA-BACE exhibition.

This year's forecast takes in personal jets, turboprops and business airliners. Measured on the categories it covered a year ago, the delivery projection is 4.4% higher.

Kevin Schwab, Honeywell's strategic planning manager, tied the demand to wealth creation in the United States, including gains from AI-related investment that he said are drawing new buyers into the market. Many of those customers first encounter private flying through fractional ownership or charter, which lets them use larger aircraft without buying one outright.

Honeywell expects the global business aircraft fleet to grow to roughly 51,000 aircraft by 2035, up 29% from the 39,400 it counts for 2025. Flight hours are projected to climb faster still: 34%, to 12.2 million a year, as aircraft are used more intensively.

Jim Currier, president and CEO of Honeywell Aerospace, said in the report that owners and operators are flying more, ordering new jets, adding to their fleets and putting money into technologies for safer, more efficient and more comfortable flight.

Fractional operators are expected to account for much of the extra activity. Honeywell forecasts their hours will almost double over the decade, a rise of 96%. Aircraft in fractional fleets already average about 850 hours a year, against roughly 400 for charter aircraft and 200 for those flown privately. Some buyers are adding fractional shares alongside aircraft they already own, the report notes.