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

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July 29, 2013
Dublin, Ireland-based Milestone Aviation Group has closed on a $300-million credit facility involving Lloyds Bank, Lombard and the Barclays Bank. The company plans to use the funding toward a $400-million...
June 26, 2013
Lease Corporate International (LCI) has handed over a pair of AgustaWestland AW139s to Weststar Aviation Services in Malaysia. The...
June 5, 2013
Dublin, Ireland-based Milestone Aviation has secured a $187.4-million guarantee of a capital-markets bond from the Export-Import of the United States (Ex-Im Bank). The financing is related to the export of a number of Sikorsky...
May 24, 2013
Helicopter brokerage firm Heli Asset announced its first helicopter sale to an operator in Switzerland, a Eurocopter EC155B1...
May 22, 2013
Monaco-based Avinco has helped to supply an AS365 N3 to CHC, the third transaction for the offshore operator following deliveries of an AS332 L2 and EC155 B1 in early 2013. “What makes us unique is we have ability to move helicopters from one segment to another, and we have the technical expertise to do that,” Avinco CEO Francois Gautier told...
May 6, 2013
A new investor group is providing $375 million in equity growth capital for Limerick, Ireland-based Waypoint Leasing, as the company looks to expand its grow its fleet. Waypoint has a U.S...
February 13, 2013
Cadorath Group subsidiary Meridian Helicopters on Monday announced its move to a new facility in Lafayette...
January 1, 2013
In the fixed-wing wing market, leasing aircraft is an established model. For over 30 years, airlines have chosen to lease a portion of their fleet from reputable lessors. This has proven benefits over outright purchase as operating leases provide valuable flexibility for operators and help maintain low debt-to-equity ratios. International lessor Lease Corporation International has been a fixed-wing lessor...
December 13, 2012
REGION Leasing has reached a financing agreement with UTair Aviation for the sale of a Russian Helicopters Mi-171. Part of...
November 1, 2012
Hawker Pacific Aerospace, the Middle East representative for Bell Helicopters, has announced orders for seven Bell 412EPs from Abu Dhabi Aviation (ADA), one of the oldest and largest rotary and fixed-wing operators in the region. Alan Parsons, vice president of aircraft sales for Hawker Pacific, cited ADA as “one of the region’s most prestigious operators, with over 800,000 hours on Bell...
October 18, 2012
Albuquerque, N.M.-based Aspen Avionics has closed on $12.8 million in equity financing for product and technology development. Aspen’s...
September 1, 2012
Russian airline UTair has obtained a seven-year, $45-million financing package from British bank HSBC on a security from French insurance agency COFACE to purchase 19 Eurocopter AS350s and AS355s. The agreement represents the...
August 16, 2012
Canadian Helicopters Group subsidiary Helicopters NZ has inked a contract to provide aerial support services for Shell Global Solutions...
August 14, 2012
Dublin, Ireland-based Milestone Aviation has agreed to buy 19 more S-92s from Sikorsky Aircraft. The contract follows an order for three S-92s placed in February 2012 at Heli-Expo. The combined 22-helicopter order...
August 6, 2012
Avstar Finance has launched a blog dedicated to the helicopter industry. “Rotor Noise” will feature comments on a wide range of topics facing the rotorcraft industry with Chuck McGuire...
August 1, 2012
Russian airline UTair has obtained a seven-year, $45-million financing package from British bank HSBC on a security from French insurance agency...
May 18, 2012
Erickson Air-Crane has experienced a 36 percent year-over-year uptick in revenue for the first quarter of 2012, according to...
April 11, 2012
During a speech at last week’s Quad-A Forum & Exhibition, U.S. Congressman Mo Brooks (R-Ala.) laid out the goals of the Army Aviation Caucus (AAC), which he formed in December 2011 with co-chairman Rep. Mark Critz (D-Pa.). Brooks also provided an update on the current financial situation facing the U.S. government, addressing the “800-pound gorilla” in a room of hundreds of soldiers...
April 2, 2012
Guiseppi Orsi, once CEO of helicopter manufacturer AgustaWestland, now chief executive of parent Italian defence company Finmeccanica, is overseeing the organization’s biggest overhaul in a decade. Finmeccanica has just announced a EUR 2.3 billion ($3.06 billion) net loss for 2011, in contrast with a net profit of EUR 557 million the previous year. This was due to write-downs and one-off charges of...
March 23, 2012
Under an action approved by the government's Federal Financial Markets Service, Russian Helicopters has initiated a "squeeze out" procedure to purchase the minority shares of Ulan-Ude Aviation Plant (UUAP) and assume a 100 percent stake in the Mi-8, Mi-17 and Mi-171 producer. Russian Helicopters began consolidating all of the country's manufacturing and service entities in 2008, a process that...
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