Global helicopter sales set to soar in next 5 years

Although it doesn’t deal with the heavy-lift element of the helicopter industry, the 15th Turbine-Powered Civil Helicopter Purchase Outlook report by Honeywell is a harbinger of good things to come for the likes of Erickson Air-Crane.
Honeywell’s report, timed for the annual HELI-EXPO in Las Vegas projects global deliveries of new civilian-use helicopters will increase to between 4,900 to 5,600 between now and 2017.
The forecast shows improved purchase plans for new helicopters in every region of the world, noting North American buying plans increased for the first time in half a decade, and Latin America looks forward to its highest regional level of five-year fleet replacement and expansion at 34 percent.
Honeywell said delivery rates of new helicopters over the next three years are expected to reach 1,000 new units each year. Purchase plans for new helicopters for this three-year time frame are 35 percent higher than last year’s survey. The latter part of the five-year outlook is also expected to fill in and achieve similar delivery rates if economic recovery trends are sustained.
Aircraft age and condition, contractual requirements, change in operational requirements, expiring warranties, and regulations requiring twin engines all factor into the anticipated demand.
According to the report, five-year share of demand from the United States and Canada is 27 percent, and combined the Western Hemisphere represents 47 percent of total global demand. Europe’s share of five-year demand closely matches that of North America with 28 percent. Demand in Asia/Oceania accounts for 19 percent over the next five years, and the Africa/Middle East share should tally a little over 6 percent.
Honeywell said higher purchase plans were found across the board in all regions this year. Specific purchase plans just for 2013 remain strong and improved over levels reported in the 2012 survey. The expectation for new aircraft orders in 2013 is up over 30 percent compared with 2012 levels, suggesting the recovery will maintain momentum this year.

This wonderful fact of the day comes from the Financial Times:
The Chinese government instituted a complete ban on the construction of golf courses in 2004. Since then the number of golf courses in China has nearly quadrupled.

There’s plenty of economic activity in the Portland metropolitan area, and more expected.
Wells Fargo this morning said it plans to hire up to 90 experienced, full-time underwriters in the Portland area nearly doubling its underwriting staff in the area.
Consumer underwriters review, analyze, approve large, unusual, or complex individual consumer requests and products within company and industry guidelines.
Most jobs will require candidates to have mortgage loan underwriting experience. Those interested can apply online at www.wellsfargo.comjobfair to be considered for a role. Some additional career opportunities include manager and individual contributor roles. Wells Fargo will invite those qualified to interviews on March 13-14.
Wells Fargo, in May, will move one of its Home Loan Operations centers from Clackamas to a 50,000 square-foot new building near the Portland Airport, housing 400 employees. About 160 people currently work at the Clackamas site.
Asked what, if any impact that might have in Southern Oregon, Wells Fargo spokesman Tom Unger said there will be “no impact” here.

This Wall Street Journal report on consumer spending should be no surprise to many people.

Despite a slight bump in the number of on-the-job fatalities in 2012, Oregon’s workplace death count is trending down.
The Oregon Consumer and Business Services reported 30 deaths last year involving in the workers’ compensation system.
The all-time low of 17 deaths was recorded in 2010. That figure was likely tied, in part, to the economic downturn. In 2011, there were 28 deaths and, in 2009, 31 people died on the job.
The state reports on-the-job injuries have declinef in recent decades. In the 1990s, there was an average of 55 workplace deaths per year. In the 1980s, the average was 81 deaths. The statewide rate of reported workplace injuries and illnesses has also decreased more than 50 percent since the late 1980s. Oregon began tracking workplace deaths in 1943.
Trucking/transportation and construction saw the largest concentration of deaths in 2012, with five each. That trend is consistent with past figures illustrating the high-risk nature of those sectors. No construction deaths occurred in 2010, which may relate to job losses that year, while three deaths were reported in 2011 as the economy improved.

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    Greg Stiles

    Covering the Southern Oregon business and economy since 2001. Read Full
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