Slow Global Economic Growth, Volatility In Oil And Gas Sector Influencing Orders
Impacted by a slow global economic growth environment and volatility in oil and gas-related markets, the helicopter industry is reacting with a cautious outlook for near-term new purchases. In its 19th annual "Turbine-Powered Civil Helicopter Purchase Outlook," Honeywell forecasts 3,900 to 4,400 civilian-use helicopters will be delivered from 2017 to 2021, roughly 400 helicopters lower than the 2016 five-year forecast.