Airbus Helicopters CEO expects oil rally to accelerate H225 comeback [Yahoo! Finance Canada]
AIRBUS SE UNSP/ADR (EADSY)
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Source: Yahoo! Finance Canada
H225 Super Puma, 10 years after a safety crisis, the outgoing head of Airbus Helicopters said. The Super Puma was ?grounded for six months following a 2016 crash in which the main rotor blades separated, killing 13 people returning from ?a Norwegian oil platform. Offshore operators in Brazil, Nigeria and Asia are using the redesigned H225 but North Sea operators continue to shun the helicopter, whose roots date back to ?the 1970s oil shock. "It is for clients to decide but I am convinced that in coming years it will continue to increase market share in the offshore market," Airbus Helicopters CEO Bruno Even said. Costly offshore oil reserves could become more attractive to explore as oil prices, on track for a record monthly rise, have surged since U.S.-Israeli attacks began on Iran at the end of February. RENEWED DEMAND FOR LONG-RANGE OPERATIONS? The industry has been ?moving towards smaller sizes but the H225 could ?see renewed demand for long-range operations as the Sik
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