Honeywell Projects Next Decade of VLJ Market

Deliveries of very light jets are poised to accelerate rapidly off a base of around 175 units in 2007, said Honeywell in its latest business aviation outlook.
“Deliveries are forecast to increase dramatically in 2008 and beyond, averaging just under 320 aircraft per year for the latter portion of the forecast period,” said the company. “The rapid increase in projected demand reflects the introduction of new very light jets, such as the Embraer Phenom 100 and Cessna Citation Mustang, both of which continue to enjoy strong order backlogs. Also entering the segment is the recently announced HondaJet. Total deliveries of very light jets for the 2007 to 2017 period are expected to exceed 3,300. Other production and announced aircraft in this segment include the Cessna CJ1+ and CJ2+, Beechcraft Premier I and Sino-Swearingen SJ30-2. VLJ Report will provide an in-depth analysis of the report in next week’s issue.