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The yield on 30-year Japanese government bonds fell 5 basis points to 3.37%.On December 25th, Shenghui Technology stated on its interactive platform that new energy business is a key focus of the companys strategic transformation, primarily concentrating on the hydrogen energy sector. Its business encompasses the upstream manufacturing of hydrogen production equipment and the downstream operation of hydrogen-powered vehicles. To date, its subsidiary, Shengqing Hydrogen Production, has achieved market-ready delivery of hydrogen production equipment; and its subsidiary, Shenghui New Energy, has successfully won the bid for the "Photovoltaic-Hydrogen-Oil" integrated energy mother station project (the Zhongqing Chikan Integrated Energy Station General Contracting Project).Futures News, December 25th: Oil prices stopped rising and corrected, and the news in the fuel oil market turned negative. On the supply and demand side, demand release was slow and refineries lacked the impetus to support prices. Downstream traders bought on dips and operated cautiously, with demand being the main driver. Lacking substantial positive factors to boost prices, fuel oil trading is expected to be stagnant in some areas today, with some areas still likely to see a slight decline.On December 25th, it was reported that James Dyson, Britains richest man and founder of Dyson, recently made significant adjustments to his familys wealth management structure. According to analysis of company registration documents, Weybourne, the Dyson familys investment company, transferred at least £624 million from its main UK entity to its Singapore holding company this year, reducing the share capital of its UK entity to just £1. Simultaneously, Weybourne has posted several job openings in Singapore in recent weeks, aiming to build a "new team" to support the management of its multi-asset portfolio; at the same time, the companys influence in the United States is also shrinking.December 25 (KCNA) – North Korean leader Kim Jong Un received a congratulatory telegram from Russian President Vladimir Putin on December 18, according to a report by the Korean Central News Agency (KCNA). The report stated that Putins telegram noted the special significance of the past year for relations between Moscow and Pyongyang. He cited the participation of the Korean Peoples Army in the Kursk campaign and the subsequent deployment of North Korean engineering units to Russia, highlighting the unbreakable fighting friendship between Russia and North Korea. Putin also stated that, through joint efforts, every clause of the historic comprehensive strategic partnership treaty has been systematically implemented, contributing to a significant expansion of bilateral cooperation in political, economic, cultural, and other fields. Putin emphasized that Russia and North Korea will continue to strengthen their friendly alliance and engage in constructive cooperation in regional and international affairs.

Honeywell anticipates a 10-year rise in the number of private jet deliveries

Aria Thomas

Oct 17, 2022 14:24

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Honeywell International Inc (NASDAQ:HON) upped its delivery forecast for business jets on Sunday, as the COVID-19 pandemic increased the number of first-time buyers and users in the private aviation industry.


Honeywell forecasts up to 8,500 new business jet deliveries valued at $274 billion between 2023 and 2032, an increase of 15% compared to last year's forecast, while consumption in 2022 is expected to rise by 9%.


Fearing exposure to the virus, wealthy passengers opted for charter flights during the pandemic, resulting in an increase in demand for private aviation travel.


Former first-class commercial airline passengers have increasingly migrated to private flights. Nearly 74% of new Honeywell customers questioned anticipate continuing the same level of flying in 2023 as in 2022.


According to the company's survey, 35% of the fleet carrying these new users consists of business turboprops and small cabin jets, followed by medium jets and large long-range aircraft.


Since 2015, demand for new business aircraft has increased, according to Heath Patrick, head of Honeywell Aerospace's Americas aftermarket. We foresee continued high demand and spending for new aircraft over the next several years.


Business aviation industry giants such as Airbus SE (OTC:EADSY), Boeing (NYSE:BA), Bombardier (OTC:BDRBF), and General Dynamics Corp will benefit from operators' plans to purchase the same number of new jets in 2020 as they did in 2019. (NYSE:GD).


Eric Matel, the CEO of Bombardier, saw an important development in the fleet running business in August, namely that not all clients own a jet.

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