Monday, November 9, 2015
Report: Bell Sees No Commercial Recovery Until 2017
Bell Helicopter does not expect the commercial helicopter market to recover until early to mid-2017, according to a Reuters report from this week’s Dubai Air Show. The news service quoted Bell’s vice president of global sales and marketing, Patrick Moulay, saying the market’s outlook is worse than was expected just six months ago, with key customers believing oil prices will remain low for a longer period. The commercial helicopter market is down about 30% compared to a year earlier, the report said (citing Moulay), with customers delaying decisions on new contracts, re-negotiating existing ones and changing aircraft acquisition plans. "It's going to get worse before it gets better," Reuters quoted Moulay.