Facing the ravages of NTSB scrutiny for a rash of fatal crashes, the helicopter emergency medical services (HEMS) industry could be seeing some good news. Observers are pointing to the focus on health care in the current economic stimulus package as boding well for HEMS flights. According to reports, roughly half of all EMS flights are paid for by federal funds. HEMS operators are bracing for new regulations promulgated by the NTSB based on serious concerns over the dramatic increase in fatal accidents over the past two years. While corporate helicopter sales have suffered and offshore oil companies are cutting back on helicopter service due to the low price of oil, the law enforcement sector of the rotorcraft industry joins HEMS as another segment that appears to have largely escaped the throes of the current economic crisis.
Economic Stimulus Plan Could Boost HEMS Prospects
Key Takeaways:
- The Helicopter Emergency Medical Services (HEMS) industry is under NTSB scrutiny and anticipating new regulations due to a recent increase in fatal accidents.
- Despite safety concerns, the HEMS industry expects a positive economic outlook, partly due to the focus on healthcare in the current stimulus package which funds roughly half of all EMS flights.
- HEMS, along with the law enforcement sector, appears largely resilient to the current economic crisis, unlike struggling corporate and offshore oil helicopter services.
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