Business aviation will generate $248 billion in global sales of new business jets over the next ten years, ranging from VLJs to VIP airliners, according to Honeywell’s 16th annual Business Aviation Outlook report.

Honeywell predicts deliveries of more than 1,000 new business jets for the first time in history in 2007, up from the 861 delivered in 2006. This year is the fourth consecutive year of growth in the sector. Year-to-date aircraft sales have risen more than 12% and deliveries by almost 11% against the same period in 2006. Deliveries in 2008 are expected to approach 1,300, and the outlook remains strong, with annual deliveries expected to remain at a similar level in 2009 and 2010.

One in four of the 4,600 business jets ordered over the next five years to 2012 will be delivered to customers in Europe, the Middle East and Africa. The 4,600 does not include demand from fractional ownership programmes. Fuelled by rising oil prices, More than half of those operators su

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