It's Over, It's Really Over

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Bizjet Manufacturers Celebrate End Of The Slump...

You expect the companies, associations and dignitaries attending something like the National Business Aviation Association (NBAA) convention to be upbeat and positive but there seems to be more substance behind that sentiment this time around. On the eve of the big show in Las Vegas, Honeywell released its 2004 Business Aviation Outlook and, in Honeywell's view, the light at the end of the tunnel should get positively blinding in the coming year. "Next year, virtually all (bizjet manufacturers) are increasing production," Honeywell spokesman Jim Potts told The Wichita Eagle. The NBAA's newly minted president, Ed Bolen, was a little more circumspect but he clearly agreed with Honeywell's assessment. "It appears the worst is over," he said. "There seems to be a lot of excitement in the industry." The Honeywell forecast predicts that an average of 840 bizjets will be sold each year between now and 2014. Total value of those sales is expected to top $131 billion. Last year, just 506 were delivered but it's expected 650 will be sold in 2005.