ORLANDO, Florida—Honeywell Aerospace’s latest 10-year forecast projects market demand for 8,600 new business jet deliveries valued at $255 billion. That’s a decline of 6–7% by value over the 2015 forecast. Honeywell revised its forecast downward as the business jet industry continues to face slow near-term orders from a slow-growth economic environment in many markets around the world. “While developed economies are generally faring better, commodities demand, ...

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