China to Surpass U.S. and Become the Biggest Civil Helicopter Market
One of the top players in the civil helicopter market in China Airbus Helicopters, believes that China will surpass the US and will become the world’s largest civil helicopter market with the aim of increasing the market share from 40 percent up to 60 percent by 2020. The Chinese civil helicopter market will be the biggest market in 2018 for the sales for light single and light twin helicopters and surely by 2020.
According to Norbert Ducrot, president and CEO of Airbus Helicopters China that with the further opening up of the low altitude airspace and the increase in growth in the civil and para public segments, China has geared up to be the biggest market for years to come. The para public sector is composed of a range of public missions including medical evacuation, police use, use of utility companies, firefighting and search and rescue. The helicopter maker will be building their first final assembly line in China ans it signed a deal with a Chinese consortium in forming an industrial partnership that will launch an H135 helicopter final assembly line in Qingdao. The consortium consists of China Aviation Supplies Holding Company, CITIC offshore Helicopter Co Ltd., and Qingdao United General Aviation Industrial Development Company.
The move is said to fulfill the commitment of the purchase of 100 H135s that is said to be worth around 700 million euros, and in a signed letter of intent last year between the consortium and Airbus Helicopters the order will be assembled over the next ten years in China. The assembly line will start its operations in 2018, and will assemble 300 H135s in the next ten years. based on the agreement the joint venture between the consortium and Airbus Helicopters will be established and Airbus Helicopter will have more than 50 percent of the shares.
Just last month the State Council has released a regulation on the development of the country’s general aviation industry, setting several goal by 2020 including a 1 trillion yuan market value for the sector. The number of helicopter in China is now at 750, and in the past five years the market saw an annual sales of 100 helicopters.