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Luxury-Jet Market Value Seen Slipping for First Time Since 2009

  • Shipments in 2015-2025 forecast at $270 Billion, a 3.6% drop
  • Emerging markets drag on plane demand, Honeywell survey shows
A women sits and waits for visitors to arrive at a luxury jet aircraft while the plane stands on static display during the 13th Dubai Airshow at Dubai World Central (DWC) in Dubai, United Arab Emirates, on Monday, Nov. 18, 2013. The 13th edition of the biennial 2013 Dubai Airshow, the Middle East's leading aerospace event organized by F&E Aerospace.
Photographer: Duncan Chard/Bloomberg

Global long-term spending on private jets is starting to slow for the first time since 2009 as slumping commodity prices sap demand in emerging markets, according to an industry forecast.

Deliveries for the 11 years ending in 2025 will be valued at $270 billion, Honeywell International Inc. said Sunday in its annual survey of the luxury-aircraft market. That’s down 3.6 percent from last year’s comparable projection, and snapped a streak of gains since the last U.S. recession ended.