Leonardo Helicopters managing director Gian Piero Cutillo is confident the airframer will achieve its goal of double-digit profitability by 2020 based on last year’s results. Cutillo told AIN in an interview last week that its 2018 helicopter deliveries numbered 177, substantially higher than the 149 handed over in 2017, while order intake was also much higher.
Additionally, he noted that Leonardo had 40 percent market share (by value) in 2018 versus nearly 33 percent in 2017, continuing a growth trajectory that began in 2012. Cutillo said Leonardo has captured 40 percent of the VIP multi-engine market and that its North American fleet had more than doubled in the last decade, from just more than 200 to 450 helicopters. Notably, he said, Leonardo has ranked first in the U.S. for civil helicopter billings for the second year in a row. “I think we are on the right path. Both civil and military sales have grown,” he added.
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