Helicopters to triple in China by 2020
– Not since days of the Oklahoma Land Rush of 1889 has there been such an opportunity to grab space … until now. As air space opens up for private use across China forecasters estimate their helicopter fleet will more than triple by 2020.
“China has around 300 civil helicopters now and it is estimated that by 2015 it will have 500,” said Bruno Boulnois, chief executive officer of Eurocopter China, which has almost 50 percent of the market share in China. That figure should rise to 1,000 in 2020”, he added. Eurocopter received orders valued at 300 million euros ($385 million) in China in 2011, which was more than double the number in 2010. Its revenues were 200 million euros in China last year.
“China’s helicopter market is expected to see double-digit growth over the next several years,” said Ed Beyer, vice-president of Sikorsky Aircraft Corp, one of the main helicopter manufacturers in the United States. Sikorsky sold four helicopters to Chinese companies during the Ninth China International Aviation and Aerospace Exhibition in South China’s Zhuhai last month. Beyer said the offshore oil industry is a catalyst for China’s helicopter market now.
http://www.chinadaily.com.cn/business/2012-12/10/content_16001263.htm