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"Cash reserves are running down quickly as fleets are grounded, and ... demand is drying up in ways that are completely unprecedented."

"China can do things that other countries simply cannot do. When external customers want innovative new products, they want people who can quickly do design, prototyping and can manufacture quickly in batches. The Chinese are very good in doing that. They are very entrepreneurial and what you have in China is a very dynamic process," he said.

"China has initiated the AIIB (Asian Infrastructure Investment Bank), which is playing a very important role in the East Asia region. China is involved in major trade negotiations with the ASEAN countries and many others," he said.

"China is paying a lot of attention to general aviation by increasing the number of airports. The nation is still a young market for helicopters. When the infrastructure is fully developed, the growth rate will be even higher. I'm very confident, and it's just a matter of time," he said.

"Certain areas in the European Union, in the United Kingdom and in the US, they have not been benefited and they feel they don't fit in globalization," he said.