No End In Sight For Civil Helicopter Downturn
Deliveries of turbine-powered civil helicopters declined 16% in 2009, and should continue to contract through 2011 as weak order intake, high inventories and tight credit conditions keep an industry recovery at bay, according to a sobering new forecast. Honeywell Aerospace’s survey of 1,074 chief pilots and flight department managers worldwide finds that five-year purchase plans are down 8% this year, adding to a 21% decline in 2009. And a rebound in purchases might not occur until 2014, ...
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