Business aircraft deliveries are expected to rise nine per cent this year to about 690, and will climb to about 740 planes next year, according to an annual report from Honeywell International Inc. released Sunday. “That’s what’s driving this.”The rise in deliveries come as the U.S.-China trade war, the U.K.’s looming break from the European Union, and a shaky global economy threaten to cut the momentum short. Bombardier is banking on the Global 7500, the largest purpose-built corporate jet that began deliveries in December, to bring in much needed cash. YOU MIGHT BE INTERESTED IN...Pilatus Aircraft, a Swiss planemaker famous for its single-engine turboprop planes, began deliveries last year of its first jet aircraft. Sign Up NowDemand over the next decade should support 7,600 new business jets worth $248 billion, according to Honeywell’s report.

Source: thestar October 21, 2019 01:07 UTC