Honeywell lowers forecast for Brand New helicopter deliveries

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Honeywell Aerospace has lowered its outlook amid a & ldquo outlook & rdquo the world for the civil helicopter market over the next five decades.

The Civil Helicopter Purchase Outlook published March 4 stated about helicopters were expected to be delivered between 2023 and 2019.

The figure was lower compared to 4,200 deliveries forecast in rsquo & the previous year ;s survey.

While there was demand in the North American, Middle East and Africa markets, purchase plans were down in Europe, Latin America and Asia Pacific, the survey stated.

“Despite positive impacts of US tax reform on new helicopter purchase programs in North America, an inconsistent economic outlook for global markets has led to reduced cost plans globally from fleet managers when compared with a year ago,” Honeywell Aerospace president to the Americas Aftermarket Heath Patrick said in a statement.

“Honeywell remains focused on bringing innovation to the marketplace by providing tracking systems, avionics and Connected Coding technology that boost a stage & rsquo;s efficiency and availability. ”

The survey said purchase plans were stronger from oil and law enforcement and gas operators in rsquo & this year . However, purchase plans were “significantly lower from corporate operators”.

Meanwhile, it stated a percentage of planned helicopter purchases were for versions in rsquo & this year .

“Despite respondents having a slightly less positive view of the global economic outlook in this year’s survey in comparison with 2018, fresh helicopter programs will support an expected three to four percent annual growth rate in total deliveries,” Honeywell Aerospace said.

“The predicted growth in deliveries indicates an healthy helicopter marketplace poised for moderate growth. ”

Looking at particular areas, the Honeywell Aerospace survey found 18 percent of respondents in North America expected to replace or enlarge their fleet with a helicopter over the next five decades, up five percentage points in the previous calendar year.

The survey noted North America had rsquo helicopter fleet & about 40 percent of the world.

Another market that is positive was Middle East and Africa, in which 15 percent of those surveyed stated they expected to receive a new helicopter over the next five decades. It was up from 10 percent in the previous year’s survey.

Closer to home, the report stated about 13 percent of those surveyed in Asia Pacific stated they intended to replace or enlarge their helicopter fleet between now and 2023down from 18 per cent at the 2018 survey.

“moderate helicopters that are single-engine and moderate were the courses, both capturing of mentions near 30 percent for new aquariums, & rdquo ; the report stated of the Asia Pacific marketplace.

“Despite restricted inputs helicopter purchase plans were steady in China, showing that about 21 percent of the fleet could be replaced or enlarged by a helicopter over the next five decades. ”

The biggest change in sentiment was Latin America, in which purchase plans for the five years to 2023 dropped 26 percent points.

It had been only five percent in Brazil, given “higher political worries and expectations for economic expansion ”.

In contrast, the global average was 15 percent.

Sentiment dropped to 15 percent in Europe, from 22 percent in the previous year & rsquo ;s survey.

The survey contained answers from about pilots and flight department managers that run a turbine and 321 piston helicopters worldwide.