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Thursday, August 26, 2010

Frost & Sullivan Says Helicopter Market to Pick up Steam

The civilian rotorcraft market is expected to remain diverse with the bulk of all new deliveries arriving from mature production lines, according to a new report by Frost & Sullivan. The report says the industry witnessed unprecedented growth in the global sales of civil rotorcraft from 2004 through 2008. However, as 2008 ended, the economic slowdown saw rotorcraft utilization and new orders decrease significantly and financing became increasingly difficult. The worldwide fleet growth declined from double digits in 2007 to 7 percent in 2008, and finally to 5.7 percent in 2009, and lower demand and production levels are expected to persist into late 2011 and 2012. The financial crisis had an uneven impact on each geographic region. Rotorcraft operator growth in regions with higher GDP was less affected by the financial crisis than those with a lower GDP. The worst of the global financial crisis appears to be ending, giving way to fresh optimism. This report was released the same day as the housing market reports indicating a 27 percent decline in existing home sales and a continued weakened economy. In spite of that, this new analysis from Frost & Sullivan finds that the market is expected to grow from 24,625 helicopters in 2009 to 36,946 helicopters in 2015.

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