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Honeywell five year forecast reflects slow growth

Posted 9 March 2016 · Add Comment

Honeywell has forecast that 4,300 to 4,800 civilian-use helicopters will be delivered in the next five years, 400 lower than 2015 five-year forecast.

In its forecast, Honeywell showed Africa and the Middle East as having the second-highest new purchase rate among the regions.
 
Around 30 percent of respondent fleets in the region are slated for turnover with a new helicopter replacement or addition, and more than 60 percent of the planned new helicopter purchases are intermediate and medium twin-engine models.
 
In contrast, heavy multi-engine models are shown to be underrepresented in the forecast, however, this is due to the absence of input from large oil and gas operators in the region.
 
“Even in a slower growth environment, Honeywell is well-positioned to help operators keep current fleets lasting longer with aftermarket upgrades and repairs,” said Carey Smith, president, Defense and Space at Honeywell Aerospace.
 
Overall, Honeywell found that new purchase-plan rates remained stable, but operators cited less new model purchases over the five-year period, but these purchases reflected those of 2015, with choices for new aircraft strongly influenced by range, cabin size, performance, technology upgrades and brand experience.  
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