explained. As a result, he expects “the rotary-wing market to follow the path of the fixed-wing business, with further consolidation amongst the various international and regional players.”
Still, all is not lost: Robertson said that Westwood Global projects demand for offshore helicopter services to pick up, with “a 5% compound growth rate over the period 2019-23.”
In other words, the bottom of the offshore industry downturn has already been reached, and things are beginning to turn up for OEMs and offshore helicopter operators. There is light at the end of the tunnel at last – and it’s not an approaching train.