BERLIN (Reuters) - Airbus is not expecting a major recovery in demand for helicopters from the oil and gas industry, despite a recent increase in oil prices, the head of its helicopter division said on Friday.
The low oil price over the last few years has hit oil and gas companies hard, and therefore hurt demand for the helicopters that fly staff to and from offshore oil rigs.
“We don’t anticipate a major recovery on helicopter market demand. (Overcapacity means) it will take a little bit of time to have all aircraft flying back before we see new demand for helicopters,” Bruno Even told journalists at a media day in London that was webcast.
Reporting by Victoria Bryan; Editing by Andrea Shalal