Private jet deliveries dive, 10-year outlook forecast cut by 600 planes

Dallas

BUSINESS-JET deliveries are dropping and won't rebound before 2018, according to a benchmark forecast of corporate aircraft demand over the next decade.

Honeywell International Inc lowered its annual long-term forecast for private jets by 7 per cent, or 600 aircraft, as emerging markets suffer from low commodity prices and the US economy limps along.