Helicopter makers upbeat on market despite oil-led slump

Top U.S. 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. The downturn will likely last 18 to 24 months, Sikorsky Aircraft's new president, Robert Leduc, said at Paris Airshow, adding that he fully expected demand to rebound at some point. United Technologies Corp's (UTX.N) 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.

Helicopter makers upbeat on market despite oil-led slump source: http://finance.yahoo.com/news/helicopter-makers-upbeat-market-despite-162108101.html