xrkyle Posted January 19, 2008 Report Share Posted January 19, 2008 How do you guys see things playing out for the helicopter industry in Canada over the next 2 or 3 years? Continued expansion? A flattening or maybe (gasp) a correction?. The US is going balls first into a recession which has always had a direct impact on our economy since we're so tightly coupled in so many ways, from housing to raw materials to agriculture to financials. Maybe we'll see operators supporting oil and gas continue to grow despite weakening demand from the US? After all, India is making $2500 cars and economists are predicting $150 barrel oil for 2008. OPEC keeps talking about reducing output making the tar sands look more and more viable. But then Stelmach is in Washington trying to convince congress that their new policy on self reliant oil sources includes Alberta. Forestry is getting hammered with mill closures announced weekly across the country. But then again how much of the industry that helicopters support has their output go to mills instead of export to the Asian markets? Overseas demand for metals continues but then there are operations like Galore Creek that can't seem to get started (and stay that way). NovaGold and Teck Cominco brought in a new project manager this week so who knows? Then there is the gray tsunami as one fellow I know puts it. Will that be enough to keep the younger pilots end engineers employed through a downturn? Will they have the expertise to move into these vacancies? Quote Link to comment Share on other sites More sharing options...
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