Rotor & Wing Magazine :: Services :: Finance & Insurance

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March 28, 2016
Aerospace insurance provider Global Aerospace Inc. has launched its 2016 SM4 Safety Program, the Community of Excellence. The refreshed program will offer new initiatives to all of its clients and the entire aviation industry. Since launching the program in 2010, the company's financial investment and educational support...
October 20, 2015
The European Aviation Safety Agency has named the first members of its EASA Virtual Academy, which aims to sustain competency among national aviation regulatory staffs across Europe and promote harmonized regulatory and certification practices among European nations. The members are CAA International (an aviation consultancy wholly owned by the U.K. Civil Aviation Authority), the Joint Aviation Authorities...
September 30, 2015
A top NTSB official will open Oct. 27's Rotorcraft Certification Summit with a briefing on the safety board's call for the FAA to require all newly built helicopters to have crash-resistant fuel systems regardless of when their type certificate was issued. The director of the NTSB's Office of Aviation Safety, John DeLisi, will give the morning keynote presentation from 8:10 to 9 a.m. to kick off the...
September 23, 2015
Operations, engineering and flight test experts will debate the real-world certification challenges facing the rotorcraft industry and its regulators at Oct. 27's Rotorcraft Certification Summit.  "The Most Daunting Certification Challenges Before Us" is among the panel discussions in the program for the one-day executive forum at the Sheraton DFW Airport Hotel in Irving, Texas.   Among...
September 9, 2015
Long-time offshore oil and gas industry leader Bill Chiles will present the keynote speech at Rotor & Wing International's Rotorcraft Certification Summit Oct. 27 at the Sheraton DFW Airport in Irving, Texas.    At the one-day summit, top industry and regulatory executives will discuss ongoing work toward consensus among the General Aviation Manufacturers Assn. and the AeroSpace and Defence...
September 8, 2015
Waypoint Leasing has launched its capital-markets financing with the private placement of $200 million in senior secured notes, the company said. One of the largest independent global helicopter leasing companies, Waypoint said it would use the proceeds to expand its business and free up...
July 28, 2015
 The General Aviation Manufacturers Association (GAMA) yesterday called on U.S. senators to reauthorize the Export-Import (Ex-Im) Bank by supporting an amendment to the highway bill that it will likely consider in a rare Sunday session. Since 2012, the Ex-Im Bank has provided loan guarantees of more than $1.9 billion to general aviation manufacturers, acting when commercial banks will not...
July 23, 2015
The leasing firm LCI has completed what it claims is the first helicopter leasing transaction that complies with Islam’s anti-usury precepts. That religion generally prohibits the acceptance of interest or fees for loaning...
June 11, 2015
Aiming to boost the interest of U.S. children in the sciences, Sikorsky Aircraft is challenging children to design an eco-friendly helicopter that addresses potential challenges of 2050. The fifth annual Sikorsky Helicopter 2050 Program and Challenge, which kicked off June 1 and will run...
April 29, 2015
Aviation and aerospace insurance provider USAIG has announced that, effective April 28, Michael Barrett has rejoined the USAIG team as Senior Vice President, Claims Attorney. Mr. Barrett will be based out of USAIG’s Atlanta, Ga. office...
July 16, 2014
Government Capital Corp. (GCC), located in Southlake, Texas, is partnering with Airbus Helicopters to offer tax-exempt financing to law enforcement and government agencies wishing to upgrade their AS350 aircraft with new mission equipment technology. Such financing can also cover major maintenance, 12-year inspections, and the installation of upgrades for that line through Precision Aviation Group (PAG) of...
July 15, 2014
Waypoint Leasing has marked its first full year of operations and provided a business update to the market. The company’s fleet ranges from light single engine to heavy twin engine helicopters, and now includes more than 40 aircraft on lease delivered from AgustaWestland, Airbus Helicopters, Bell Helicopter and Sikorsky Aircraft Corporation, with...
July 14, 2014
Vector Financial Services, the leasing division of Vector Aerospace Corporation has signed new leasing and hourly support agreements for Vector-owned AS332L...
June 27, 2014
Lease Corporation International (LCI) has finalized a leasing agreement with South Africa’s Indwe Aviation. Under the arrangement, Indwe will use a 15-seat AgustaWestland...
June 18, 2014
Bond Helicopters Australia has extended a leasing and support agreement with helicopter lessor Vector Financial Services for two Airbus Helicopters AS332L Super Pumas as Bond establishes and grows its business in the region. The Super Pumas have been used to launch Bond’s business in Australia, which was established late last...
June 12, 2014
Vector Financial Services, the leasing division of Vector Aerospace Corporation has extended leasing and support agreements for two Vector-owned AS332L helicopters with Bond Helicopters Australia. The Vector leasing program combined with its full support package is...
June 6, 2014
Bell Helicopters has boosted its presence in the Chinese helicopter market following the recent signing of a purchase agreement with Xinjang Tianyun General Aviation Company for a new Bell 407GX. As the company’s first helicopter, it will be used for sightseeing, VIP transport and agriculture support. The latest sale in China follows a number announced by Bell this year, including two 407GXs to...
June 4, 2014
Leading speakers on the opening day of Quad-A 2014, this year named as the Army Aviation Missions Solutions Summit, ground down the message about the impact on sequestration and how the Army had to change during the new format and shorter two-day summit. Speaking during the first session on the opening day, Heidi Shyu, Assistant Secretary of the Army (Acquisition, Logistics and Technology), made the point...
May 28, 2014
Limerick, Ireland-based Waypoint Leasing has closed on a five-year term loan facility with a Goldman Sachs-led group. The helicopter lessor will use the funding to refinance six existing helicopters under Waypoint’s $385 million revolving credit facility, consisting of AgustaWestland AW139 and Sikorsky S-76C++ and S-92 variants. The $72.5-million term loan “allows...
May 22, 2014
The Export-Import Bank of the United States (Ex-Im Bank) has revealed its new goal of $2 billion in financing for U.S.-manufactured business aircraft and helicopters by the end of 2014.
The Bank reached its previous goal of $1 billion in support of these exports in December 2013, 10...
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