Australasian Report for July
Australia - Year to 14 Aug ’05.
Since January the fleet has grown from 1192 to 1246, an increase of 54 helicopters. The growth over 32 weeks is almost two new helicopters on the Register each week. The growth rate has slowed a little to 7.3%, which is slightly less than the average of the previous twelve months. At this rate of increase there will be extra 88 helicopters on the Register by 31 December, or another 102 jobs by this growth alone, plus normal attrition due retirement, illness, etc.
New Zealand – Year to 31 Jul ‘05
Since January the fleet has grown from 597 helicopters to 624, an increase of 27 helicopters. The growth over 30 weeks is 27 helicopters or 0.90 new helicopters on the Register per week. This is an increase in the growth rate from 6.64% in January to 7.3% in July, up on the average for the past twelve months. At this rate of growth there will be an extra 47 machines on the Register by 31 December, or another 54 jobs, plus those created by normal attrition.
Outlook: The helicopter industry is in a very healthy state. Both countries are showing helicopter fleet growth rates of twice or more of the increase in their economies (GDP). Most distributors indicate that delays on the production lines, due to a world wide strong demand, have slowed deliveries in Australasia. Has stock been available, the above figures would have been higher.
Also this being the winter in Australasia, tourism is down and several machines were exported. Overall, Australia is holding a growth rate of 7.3% pa and which is similar to the 7.5% pa fleet increase in New Zealand.
Considering last year’s performances, NZ has had the best overall result.
Hope this helps, next report in a month!