World Economy

Helicopter Makers Upbeat

Helicopter Makers UpbeatHelicopter Makers Upbeat

Top US and European helicopter executives said this week that the oil price-led commercial helicopter market slump would be temporary and that they will keep investing in new technologies given the sector’s positive long-term outlook, TradeArabia reported. The downturn will likely last 18 to 24 months, Sikorsky Aircraft’s new president, Robert Leduc, said at Paris Air Show, adding that he fully expected demand to rebound at some point. United Technologies Corporation’s announcement this week, that it would sell or spin off Sikorsky, was not a sign of enduring overcapacity in the market but rather a strategic move to focus on its supplier role, Leduc and other helicopter executives added.