Honeywell forecast fewer helicopter deliveries due to 'inconsistent economic outlook' in international markets
ATLANTA, Ga., - Honeywell announced today that it was making a slight reduction compared to the five-year forecast it made last year. In 2018, Honeywell expected 4,200 civil helicopters would be delivered in the next five years. On March 4, the company forecast 4,000 civilian helicopters would be delivered from 2019 to 2023.
“Despite positive impacts of U.S. tax reform on new helicopter purchase plans in North America, an inconsistent economic outlook for international markets has resulted in lower purchase plans worldwide from fleet managers when compared with a year ago,” said Heath Patrick, president, Americas Aftermarket, Honeywell Aerospace.
The company expects that the market was improving in North America, but Honeywell expects a slowdown in Europe, Asia, and Latin America.
In its 21st annual “Turbine-Powered Civil Helicopter Purchase Outlook," Latin America had the lowest rate of new aircraft purchase plans globally, with only 9 percent of respondents saying they would either replace or expand their fleet with a new helicopter over the next five years, a figure half that of North American respondents. In Europe, the Middle East, and Africa, 15 percent of respondents said they would expand their fleet or replace aircraft. The figure in Europe last year was 22 percent.
New helicopter purchase plans were stable in China, showing that about 21 percent of the fleet would be replaced or expanded by a new helicopter over the next five years. Plans were up by about 10 percentage points in India.
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