Annual Honeywell survey shows slow sales for BizAv jets
Sales of business jets are expected to slow next year as weakening economies and simmering political tensions delay corporate purchases, according to a forecast by Honeywell International Inc .
New jet sales are likely to fall by less than 10 percent in 2016, reversing recent gains that pointed to a slowly reviving market, Honeywell said in its 24th annual survey of corporate flight departments.
“Because of current unsettled conditions around the world, people are responding in a more wait-and-see fashion,” said Charles Park, director of market analysis for Honeywell, an aerospace components supplier. | READ MORE