Following the Helicopter Association International’s Heli-Expo on January 27 to 30, 2020, in Anaheim, California, Honeywell has released its latest Helicopter Purchase Outlook, in which operators are interviewed for their projected buying plans over the next 1 to 5 years. The survey, which collects information from more than 1,000 operators worldwide, is in its 22nd year.
Honeywell Releases 2020 Helicopter Purchase Outlook
Key Takeaways:
- Honeywell's 22nd annual Helicopter Purchase Outlook forecasts approximately 4,100 new helicopter deliveries globally between 2020 and 2024, with 51% of these expected in the near term (2020-2022).
- Regional expectations for fleet replacement and expansion vary, with lower rates in North America and the Middle East/Africa, balanced by higher projected rates in Europe and Latin America.
- Overall helicopter utilization increased by 12% in 2019 with further growth predicted for 2020, and brand loyalty remains a critical factor, driving 88% of future helicopter purchases.
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