Lease Corporation International delivers first AW139 to Bond
Source: LCI, 01-May-13
Lease Corporation International’s (LCI) helicopter division took off this week with its first delivery of a new AW139 helicopter to Bond Offshore Helicopters (Bond) in Aberdeen, Scotland. The delivery follows the agreement of a long term lease between LCI and Bond’s parent company Avincis Group – a leading global provider of mission critical services. The [...]
Agenda: Corporate Jet & Helicopter Finance Asia 2013
Source: Corporate Jet Investor, 14-Mar-13
Asia: Where are we now and which way is the market going? Where is everyone flying and what aircraft are they using? Are the region’s aircraft flying less than in the US or Europe? How quickly has China really grown and can it keep going at this speed? How much is infrastructure slowing down growth? [...]
UTair signs Mi-8AMT financing deal with Svyazbank
Source: UTair, 17-Feb-13
[electronic translation] OJSC “Airline” UTair “ (UTair Aviation) and JSCB “Svyaz-Bank” accomplished the first deal to refinance the acquisition of three Mi-8AMT with CJSC «REGION Leasing” (part of the group of companies “regions”). “This transaction marked the beginning of our cooperation with Communication-Bank. Due to favorable financing conditions, we were able to significantly reduce the company’s costs to [...]
Lease, finance or purchase your desired helicopter for cash?
Source: HAI, 13-Feb-13
Now that you have selected what helicopter to acquire, how do you decide whether to lease it, finance it, or purchase it for cash? “The Nutz and Boltz of Financing or Leasing Your Helicopter – How it Really Works!” interactive seminar, designed by HAI’s Finance & Leasing Committee, answers this question by explaining the “dos [...]
Hawke Aerospace announces new working capital facility
Source: Hawke Aerospace, 21-Nov-12
Hawke Aerospace announces the closing of a new revolving credit facility provided by Gibraltar Business Capital, based in Northbrook, Illinois. Hawke Aerospace is the parent company of helicopter maintenance provider Uniflight, air medical operator Keystone Med-Flight and Aviation Services Unlimited, which provides tactical airlift services primarily to law enforcement agencies and utility companies. On a [...]
UK – PremiAir S76s repossessed and taken away
Source: HeliHub.com, 19-Nov-12
PremiAir Aviation has gone through a change of ownership in recent days, and a formal press release is expected very soon. However, part of the changes have involved the repossession of at least four aircraft, including three Sikorsky S76s and a Twin Squirrel which departed from their base at Blackbushe last week by road. Industry [...]
SkyBooks introduces Portfolio Risk Manager
Source: SkyBOOKS, 30-Oct-12
SkyBOOKS, Inc., a Textron Inc. (NYSE: TXT) company, and affiliate of Bell Helicopter, announced at the National Business Aviation Association (NBAA) annual meeting and convention the launch of its new finance risk mitigation tool, the Portfolio Risk Manager. The Portfolio Risk Manager allows finance and leasing companies to proactively mitigate and manage portfolio risk while [...]
Ex-Im Bank approves $50M finance for Mexican offshore S76D fleet
Source: Ex-Im Bank, 29-Oct-12
The board of the Export-Import Bank of the United States (Ex-Im Bank) authorized more than $50 million to guarantee a loan extended by Apple Bank to Aeroservicios Especializados S.A. DE C.V. (ASESA) of Mexico that will finance the export of a fleet of Sikorsky S-76D™ helicopters to Mexico. Ex-Im Bank’s credit will support approximately 450 U.S. jobs, according to bank estimates derived from [...]
Milestone Aviation Group closes $400M series of debt facilities
Source: Milestone Aviation Group, 14-Aug-12
Milestone Aviation Group, the global leader in helicopter leasing, announced today that it has closed on a series of debt facilities totalling US$400 million. The company will use the proceeds to support its partners and provide additional liquidity to the global helicopter market. “These are important milestones for our company,” said Richard Santulli, Milestone’s Chairman. [...]
UTair finances helicopter purchases outside Russia for first time
Source: UTair, 30-Jul-12
UTair Aviation has attracted financing from British bank HSBC on a security of French insurance agency COFACE. The deal presupposes delivery of 19 new Eurocopter AS 350/355 helicopters. The airline already operates five helicopters of this type. By the end of 2012 UTair will operate another four helicopters, while in 2013 the airline will take [...]
Ex-Im Bank approves $350M loan guarantee to support Bell/Cessna exports
Source: Ex-Im Bank, 15-May-12
The Export-Import Bank of the United States (Ex-Im Bank) has approved a guarantee of a $350 million loan facility to provide the funds to assist Textron Inc. in financing the exports by two of its companies, Cessna Aircraft Company and Bell Helicopter Textron. The guaranteed lender is PNC Bank in Pittsburgh, Pa. The Ex-Im Bank-guaranteed [...]
Ex-Im Bank to leverage industry expertise to expedite helicopter export financing
Source: Ex-Im Bank, 15-May-12
U.S. manufacturers of business aircraft and helicopters will benefit from a new process to assess credit risks and expedite foreign-buyer financing from the Export-Import Bank of the United States (Ex-Im Bank). Ex-Im Bank will work with qualified industry experts to perform due diligence and credit analysis to facilitate the Bank’s support for U.S. business-aircraft exports. The announcement was [...]
Caverton Helicopters gets $85M loan from Shell Nigeria
Source: Shell Nigeria, 19-Mar-12
Shell companies in Nigeria have supported an indigenous company, Caverton Helicopters, to upgrade its fleet with more advanced aircraft, the AW 139. By providing a loan of $85 million, Shell Nigeria empowered Caverton to place orders for six AW 139s, making it the largest operator of the aircraft in Sub-Saharan Africa. Two aircraft would be [...]
Eurocopter Canada partners with HS Capital to provide financing solutions
Source: Eurocopter Canada, 18-Mar-12
“We are confident that the partnership with HS Capital will give Eurocopter owners and operators financing options that can assist customers with business opportunities today and in preparation for future contracts,” cited Guy Joannes, President and CEO of Eurocopter Canada Limited. The key appeal of HS Capital’s approach is being able to quickly establish a [...]
Corporate Jet and Helicopter Finance Conference ready for take-off in London
Source: Corporate Jet Investor, 02-Feb-12
The second annual International Corporate Jet and Helicopter Finance Conference will play host to some 200 delegates and speakers from the global aviation industry next week (7-8th February). Organised by Corporate Jet Investor, this event. to be held at The Hilton, London Tower Bridge, is growing in significance given that that 70% of all business [...]
HAI Financing & Leasing Committee launches Best Practices Workshop
Source: HAI, 21-Dec-11
The HAI Finance & Leasing Committee is pleased to present its first full-day interactive workshop, “Best Practices When Acquiring & Operating Helicopters,” for HELI-EXPO® attendees on Sat, Feb. 11, 2012 at the Dallas Convention Center, Dallas, Texas from 8:30 a.m. to 4:00 p.m. This full-day, interactive workshop is designed to provide helicopter professionals, managers and [...]
Nominations invited for The Corporate Jet Investor Awards 2012
Source: Corporate Jet Investor, 20-Dec-11
Corporate Jet Investor is launching its own excellence awards to recognise outstanding ability and achievement in the field of business jet and helicopter financing/lending during 2011. To be announced during the second annual International Corporate Jet & Helicopter Finance Conference in London on 7 February, these awards will recognise individuals and organisations that have demonstrated outstanding skill during [...]
Stirling Square invests €40M in Omni Helicopters
Source: Stirling Square, 29-Nov-11
Stirling Square Capital Partners [“Stirling Square”], the pan-European private equity firm focused on transformational cross-border transactions, today announced a €40m growth capital investment into Portugal-based Omni Helicopters International S.A. [“Omni” or “the Company"]. Based in Lisbon, Omni is the helicopter services specialist that was recently de-merged from the broader aviation group Omni Aviação SGPS S.A.; [...]
Gates & Partners’ launches seminar initiatives for the aviation industry
Source: Gates & Partners, 29-Nov-11
The UK headquarters of leading international lawyers Gates & Partners, which focuses specifically on aviation law, has this month launched a new set of initiatives to support the industry’s understanding of complex legal and regulatory issues within the aviation sector. The latest event was held in early November and aimed to bring banks and insurance [...]
AAR significantly increases credit facility
Source: AAR, 14-Oct-11
AAR Corp announced today that it has amended its senior, unsecured credit agreement. The amendment increases the initial limit under the facility from $400 million to $580 million, and can be increased to $680 million under certain circumstances. All pricing terms under the agreement were left unchanged and certain covenants under the facility were modified to provide the Company greater [...]
CHC refinances two S92s and three Super Pumas
Source: Milestone, 29-Sep-11
CHC Helicopter, the world’s largest helicopter-services company, and Milestone Aviation Group, a leading global helicopter leasing company, today announced the commencement of a significant new financing relationship. The companies have agreed to terms on the sale-leaseback of five aircraft: two Sikorsky S92 and three Eurocopter AS332L2. The first part of the transaction valued at over [...]
Corporate Jet & Helicopter Finance Asia conference – closing report
Source: Corporate Jet Investor, 29-Sep-11
Paul Jebely, head of aviation finance Asia and Africa at Clyde & Co, was the chairman on day two of Corporate Jet & Helicopter Finance Asia 2011. He closed the conference saying: “I now have the privilege of closing the first ever Corporate Jet & Helicopter Finance Asia conference. What happened here was important. A [...]
Sikorsky exports S-92 Brazil’s Lider Aviação, backed by Ex-Im Bank guarantee
Source: Ex-Im Bank, 19-Jul-11
WASHINGTON, D.C. — Sikorsky Aircraft Corp. in Stratford, Conn., will export a new S-92 helicopter to Lider Aviação, the largest air-taxi service company in Brazil, with the support of a long-term loan guarantee of approximately $18 million from the Export-Import Bank of the United States (Ex-Im Bank). The guaranteed lender is the Private Export Funding [...]
HAI Finance and Leasing Committee presenting at Heli-Expo
Source: HAI, 11-Feb-11
The HAI Finance and Leasing Committee will be presenting its first full-day interactive workshop for HELI-EXPO 2011 attendees on Saturday, March 5 at the Orange County Convention Center in Orlando, Fla. from 9:00 a.m. to 4:30 p.m. The workshop is limited to 50 participants and is free for HAI members. Led by Dick Minot, program [...]
Pawan Hans gets funding boost from various Government organisations
Source: HeliHub.com, 06-Jan-11
ONGC, the Oil and Natural Gas Corporation of India, is increasing its shareholding in helicopter operator Pawan Hans with a cash injection of Rs96 crore – 960 million rupees – equivalent to US$21.2M. This takes the ONGC shareholding from 21% to 49% in the state-owned helicopter operator. Given this as the value of 28% would [...]
$375M credit facility for Bristow
Source: Bristow Group, 01-Dec-10
Bristow Group Inc. (NYSE: BRS) announced today that it has entered into a $375 million senior secured credit facility, replacing the Company’s existing bank credit facilities and providing funds to redeem a portion of Bristow’s senior notes. The new credit facility includes a five-year, $175 million revolving credit facility and a five-year, $200 million term [...]
Gulf Helicopter secures $30M loan facility
Source: HeliHub.com, 29-Nov-10
Gulf Helicopters, an associate company of Qatar Exchange-listed Gulf International Services “GIS”, has secured a loan of 109 million Riyals from Union National Bank Qatar. This is equivalent of around 30 million US Dollars. The loan comes with a flexible facility to fund the company’s ongoing development. HE Abdullah bin Hamad al-Attiyah, Deputy Premier and [...]
Bond Aviation Group seeks investor to expand
Source: Telegraph, 08-Nov-10
Bond Aviation has hired advisers to look at strategic options for the business, said sources. The family-owned company is understood to be interested in selling 30 to 60% to expand
Milestone closes first helicopter lease – two S76s for Omni Taxi Aereo
Source: Milestone Aviation Group, 07-Oct-10
Milestone Aviation Group, the first global specialty finance company focused exclusively on the helicopter and private jet markets, today announced that it has closed its first transaction with Omni Taxi Aereo of Brazil. Milestone is providing 100% lease financing to Omni to allow the Brazilian operator to add two new Sikorsky 76C++ to their growing [...]
Protege of Warren Buffett back in aviation with new Helicopter Fund
Source: Milestone Aviation Group, 05-Aug-10
SUMMARY: Chairman is Richard Santulli, founder of private jet fractional ownership, NetJets, RTS Helicopters Unique focus provides much-needed lease financing to helicopter and private jet communities Secures US$500 million of equity capital Milestone Aviation Group, the first global specialty finance company focused exclusively on the helicopter and private jet markets, today announced that it has [...]
Carter Aviation Technologies signs $4M incentive agreement
02-Jun-10
Refers to event of 14th April, web filed 1st June by Carter Carter Aviation Technologies, LLC (Carter) of Wichita Falls, TX is announcing that they have completed negotiations with the Wichita Falls Economic Development Corporation (WFEDC) on a $4 million job incentive program. The final agreement was signed on April 14, 2010 by Jay Carter, [...]
Conklin & de Decker Associates and NATA to host tax seminar
Source: Conklin & de Decker, 28-May-10
Conklin & de Decker Associates, Inc and the National Air Transportation Association (“NATA”) are pleased to announce they will continue to cohost this year’s Commercial Operators Tax Seminar (“Tax Seminar”) that will be held in Indianapolis, Indiana on August 17-18, 2010. Unique from other tax seminars and workshops, the Conklin & de Decker and NATA [...]
BNDES extends deadline for financing AS350s bought from Helibras
Source: HeliHub.com, 25-May-10
Brazil’s Banco Nacional de Desenvolvimento Economico e Social (BNDES) has extended its “FINAME” finance offering until the end of the year for the purchase of AS350 helicopters from local manufacturer Helibras. FINAME is short for Financiamento para Aquisição de Máquinas e Equipamentos Industriais, literally “Financing for Acquisition of Industrial Machinery and Equipment”. This line of [...]
Eurocopter reshapes its future through a major investment program in new products/services
Source: Eurocopter, 27-Apr-10
Marignane, 27 April 2010 In answer to the economical crisis and the evolution of the helicopter market, Eurocopter has decided to accelerate its SHAPE improvement program. The company intends to invest between 2010 and 2014 more than 1.3 Billion € in self-funded Research & Development, after having doubled its annual self-funded research and development budget [...]
Is now a good time to lease a helicopter?
Source: Conklin & de Decker, 27-Mar-10
If you are one of the lucky/smart ones to be looking at acquiring an aircraft, you may be evaluating whether to lease or buy the aircraft outright (cash or a loan). If you are considering the lease option, evaluate it carefully. In a lease, the owner (lessor) allows another the use of an aircraft for [...]
Attractive financing available to Bell Helicopter customers
Source: Bell, 22-Feb-10
Bell Helicopter Finance Group, is pleased to offer Bell Helicopter customers new, attractive financing of their helicopter acquisitions that are completed in the first half of 2010. “Restrictions on the availability of credit in the last year have made it difficult for customers throughout aviation to complete the acquisition of ordered aircraft and to place [...]
Eurocopter calls for X4 aid as demand for light helicopters slumps
Source: FlightGlobal, 30-Jan-10
Eurocopter may have to radically alter the design of its proposed X4 civil helicopter – potentially limiting use of green technologies – if the French government denies an application for financial support
HAI Finance & Leasing Committee Workshop at Heli-Expo 2010
Source: HAI, 25-Jan-10
Committee Vice Chairman Chuck McGuire, will lead an interactive panel of industry experts, including Committee Chair Sharon Desfor, Jim Pulie, Dick Minot, and Ed Eckhart to address the issue of the Global Economy and its impact on the helicopter industry, issues impacting the financial reporting of the industry, and “What’s Hot and What’s Not” in [...]
EADS CEO Seeks French Government Funding For Helicopter R&D
Source: Wall St Journal, 11-Oct-09
European Aeronautic Defence & Space Co NV’s (EAD.FR) chief executive has appealed to French parliamentarians for funding from a planned state loan to finance research and development into future generations of helicopters, it was revealed Friday.
Vector responds to IMP Group press release and announces Can$45M equity financing
Source: Vector Aerospace, 30-Sep-09
The special committee of independent directors formed in response to the IMP Group proposal does not believe that the partial insider bid, as currently proposed by IMP Group, is in the best interest of the Corporation
Bank authorizies $500M facility to Textron to support exports for Bell and Cessna
Source: Ex-Im Bank, 25-May-09
