Gomer Pylot,
Have a look at Cirrus Aircraft, there the best selling single engine piston Fixed-wing, They have a system called CAAP's, There is a parachute fitted to the aircraft. I have flown these aircraft and gone through the course as when to use the chute, the system is great. Especially when your S/E night VFR or IFR and can't see **** beneath you... pull the chute.. or if you have fixed-gear and your over water...pull the chute... It's a well proven system that has saved many lives and limited damage to aircraft in the event of failure (engine or structural). Not such a stupid idea.
As for helicopters.... who knows... different kettle of fish.