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

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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...
May 13, 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 us to recycle our revolving...
March 10, 2014
Jeff Pino, the ex-Sikorsky Aircraft President who "retired" in 2012, is back in the helicopter business, this time as CEO of newly formed Macquarie Rotorcraft Leasing, part of the U.S.-based Macquarie Group. “Leasing reduces risk and improves operator balance sheets,” stated Pino. Having served at the pinnacle of one of the world major helicopter manufacturers, his experience leads...
March 3, 2014
Avpro has reached as agreement with Bell Helicopter reached an agreement to purchase three new 505 Jet Ranger X...
February 28, 2014
Amur Helicopter Financial Services has entered into an agreement to complete a major fleet transaction with Bristow Group Inc. The transaction involves purchasing the entire Bristow fleet...
February 27, 2014
Waypoint Leasing has reached an agreement with Helicopter Transportation Group, a helicopter lessor based in Oslo, Norway, to acquire certain assets of HTG, including 23 aircraft and...
February 27, 2014
Amur Finance Company has formed a new subsidiary, Amur Helicopter Financial Services (Amur HFS). Amur HFS will address an unfilled need in the marketplace by offering a complete suite...
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