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

Displaying 41 - 60 of 107 stories.
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...
February 8, 2012
Calgary, Canada-based Absolute Fire Solutions (Booth 609) has reached an agreement to sell its Fast Bucket line of products to an unnamed buyer. The transaction, which is scheduled to close...
February 7, 2012
According to a report from JETNET (Booth 9763), sales for the pre-owned turbine and piston helicopter market segments experienced a decline in 2011 when compared against 2010...
December 9, 2011
The U.S. Marine Corps recently admitted that the lifetime cost of operating their new V-22 Osprey tilt-rotor aircraft had increased 64 percent over...
October 4, 2011
Milestone Aviation Group has inked a sale-leaseback agreement with CHC Helicopter involving two Sikorsky S-92s and three Eurocopter...
September 1, 2011
The UK Department of Business, Innovation and Skills has issued a £22-million ($36-million) loan to Italian manufacturer AgustaWestland for continued development of its AW169 program. The...
March 16, 2011
Helicopter and private jet financing company Milestone Aviation Group has placed firm orders for five Sikorsky S-76+...
February 25, 2011
Got a burning question about helicopter financing, aerodynamics or night vision goggle (NVG) certification? A new feature available at www.rotorandwing.com allows readers to submit questions directly to subject matter experts. Chuck McGuire, chairman of HAI’s Finance &...
February 4, 2011
Albuquerque, N.M.-based Eclipse Aerospace has secured a minority equity investment from Sikorsky Aircraft...
March 1, 2010
Leading Edge Aviation (LEA) has secured approval to offer Sallie Mae’s Smart Option student loans for helicopter...
February 1, 2010
Services | Financing Although helicopter financing is in the doldrums compared to the boom years, some experts predict a recovery beginning in the second half of this year. The current chill followed a prolonged period of hot and heady days from 2004 through much of 2008, when user demand and helicopter shortages fueled a pricing bubble and financing terms hit historic lows. The bubble burst in late 2008...
January 1, 2010
About a year ago, the Corpus Christi Army Depot (CCAD) faced a dilemma. A steady flow of battle-damaged helicopters was coming in for refurbishment and overhaul from Iraq and Afghanistan, and the center was tasked to carry out two major Sikorsky H-60 upgrade programs. The workload was expanding but not the resources. CCAD leadership had to determine how to do more with less. They had adopted...
December 1, 2009
A A&P Hydraulics, 9283 Industrial Blvd., Leland, NC 28451; Email: ap-hydraulics@mindspring.com; Web: www.ap-hydraulics.com; Phone: 910-371-1151 AAR Corp, 1100 North Wood Dale Road, Wood Dale, IL 60191; Email: paul.oppenheim@ aarcorp.com; Web: www.aarcorp.com; Phone: 630-227-2000; Fax: 630-227-2039 Acadian Composites, div. of Aeronautical Accessories, 301 W. Pont Des Mouton Road...
December 1, 2009
The year is drawing to a close. I’ve heard many say they can’t wait for this year to be over. In general, certainly in reference to the economy, I have to agree. Looking back over the year in rotorcraft there have been some highs and lows. One issue has to remain top of mind. Crashes in the helicopter emergency medical services (HEMS) industry, especially those with fatalities, continue to...
October 1, 2009
How cool would it be to walk up to the Sikorsky factory and hand them a multi-million dollar check for 10 S-76s? I have wondered if buying a helicopter is as big a chore as buying a car. Then I wondered about the prospects of purchasing a bunch of helicopters for a fleet operator. How do you buy 10 big expensive helicopters at one time? Is it difficult? Are there discounts for bulk purchases? Paul...
August 1, 2009
PUBLIC SERVICE Hawaii County is getting a new MD500E to replace its aging Chopper One. The new helicopter, which the Hawaii County Fire Department will operate, will handle...
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