Airbus helicopters sees 18-month wait for oil and gas demand pick-up
PARIS: Airbus expects it will be another 18 months before it sees the first signs of a recovery in demand for large helicopters from the oil and gas industry, the head of its helicopter division said on Tuesday.
The low oil price has hit oil and gas companies hard, and crimped demand for the helicopters that fly staff to and from offshore rigs.
The price slump meant there was an overcapacity of helicopters and that it would take time to have all aircraft flying and for there to be new demand, Airbus Helicopters CEO Bruno Even said.
