In its "Turbine-Powered Civil Helicopter Purchase Outlook," Honeywell forecasts 4,100 new civilian-use helicopters will be delivered from 2020 to 2024, marginally higher than the five-year forecast from 2019. While deliveries are expected to be higher than 2019, purchase plans are lower, but only by less than a percentage point.
"This year, we anticipate higher deliveries due to entry into service of new helicopter platforms," said Heath Patrick, president, Americas Aftermarket, Honeywell Aerospace. "Despite the slight dip in purchase plans, we see several bright spots, including higher utilization rates. This means operators plan to use their aircraft more frequently over the next 12 months. Honeywell is prepared for this upswing and is committed to providing seamless global customer support, while also maintaining our focus on bringing new, innovative products to the helicopter market."
Key survey findings this year include:
North America: Purchase plans have declined by six percentage points over a year ago, with 12% of respondents saying they would either replace or expand their fleet with a new helicopter over the next five years. North America is home to more than 40% of the world's helicopter fleet.
Europe: Compared with 2019 results, purchase plans are higher in this year's survey. More than 18% of respondents said they would either replace or expand their fleet with a new helicopter over the next five years. The figure was 15% a year ago.
Latin America: Results for 2020 show significantly higher fleet replacement and growth expectations compared with 2019. Purchase plans are well above the global average of 14%, and the region's purchase plans increased by 20 percentage points from last year.
Middle East and Africa: This region has the lowest new purchase rate globally, with only 5% of respondents' fleets expected to get a new helicopter replacement or addition. Purchase plans are 10 percentage points lower compared with 2019 survey results.
Asia Pacific: Overall buying plans are down 6 percentage points compared with 2019. Close to 7% of respondents said they would either replace or expand their fleet with a new helicopter over the next five years.
The 2020 outlook presents a snapshot of the helicopter business at a given point in time and reflects the current business and political environment. This year's data comes from a survey of more than 1,000 chief pilots and flight department managers of companies operating 3,559 turbine and 282 piston helicopters worldwide. The survey excluded large fleet or "mega" operators, which were addressed separately. Input received from large oil and gas support and emergency medical service fleet operators is factored into the overall outlook in addition to the individual flight department responses. The survey detailed the types of aircraft operated and assessed specific plans to replace aircraft or add new helicopters to the fleet.
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