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Honeywell forecasts up to 4,800 global helicopter deliveries in 5 years

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Staff writer ▼ | March 1, 2016
Helicopter
Transport   Turbine-Powered Civil Helicopter Purchase Outlook

In the face of a slower global economic growth environment and increased volatility in oil and gas-related markets, the helicopter industry is reacting with a cautious outlook for near-term new purchases.

In its 18th annual Turbine-Powered Civil Helicopter Purchase Outlook, Honeywell forecasts 4,300 to 4,800 civilian-use helicopters will be delivered from 2016 to 2020, roughly 400 helicopters lower than the 2015 five-year forecast.

"The current global economic situation is causing fleet managers to evaluate new helicopter purchases closely, and that's why we're seeing a more cautious five-year demand projection compared with previous years," said Carey Smith, president, Defense and Space at Honeywell Aerospace.

"Even in a slower growth environment, Honeywell is well-positioned to help operators keep current fleets lasting longer with aftermarket upgrades and repairs."

The survey showed new purchase-plan rates were stable, but operators cited fewer total new model purchases over the five-year period, leading to a more cautious near-term outlook.

When considering a new purchase, operators' results mirrored those from last year, with make and model choices for their new aircraft most strongly influenced by range, cabin size, performance, technology upgrades and brand experience.

Helicopter fleet utilization generally declined compared with last year. Over the next 12 months, usage rates are expected to improve but at a reduced rate.

Helicopter fleet utilization reported in the survey generally declined compared with last year. Over the next 12 months, usage rates are expected to increase but at a reduced rate, as the gap between operators planning increases and those planning decreases has narrowed in every region.


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