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Industry Flying High
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Published: October 8, 2008
TAMPA - Even though the economy is in a tailspin, some in the aerospace industry have high hopes.
Honeywell Aerospace is forecasting delivery of 17,000 new business aircraft from 2008 through 2018 - sales of $300 billion - with a 15 percent increase in business jet deliveries this year to 1,200 despite the uncertain economy.
Honeywell's 17th annual business aviation forecast foresees a continued record delivery pace of business aircraft into 2009 based on a strong backlog.
Survey respondents found North American companies plan to replace 25 percent of their business fleets or expand them within the next five years.
This week, a new high-tech variant of the King Air family of twin-engine turboprop business aircraft was unveiled at the 2008 National Business Aviation Association annual meeting and convention in Orlando.
In addition, Beechcraft King unveiled a $7.7 million midsize business jet called the Hawker 450XP.
Gulfstream Aerospace announced a G250 midsize business jet called the G250, and Cessna Aircraft announced that it is upgrading its CJ1-Plus, CJ2-Plus and CJ3 line of aircraft.
Reporter Ted Jackovics can be reached at (813) 259-7817.
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