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Honeywell predicts flat helicopter market, but it continues to grow Russia

2 March 2010

Honeywell expects civil turbine helicopter deliveries to remain flat over the next five years as a result of "continued soft economic growth in key markets, lingering tight credit conditions, high inventories of used current production models for sale and weak new order intake". Meanwhile Russian helicopter manufacturers continue to increase production and Helicopter Industry Association of Russia president Mikhail Kazachkov says Russian manufacturers were able to produce 186 helicopters in 2009, a 9% increase compared with the production numbers in 2008. 

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