Airbus Helicopters Inc. announces new financing plans for government owned AS350s

Airbus Helicopters Inc. announces new financing plans for government owned AS350s

14-Jul-2014 Source: Airbus Helicopters

Airbus HelicoptersInc. (AHI) is pleased to announce that Government Capital Corp. will provide tax-exempt financing for mission equipment technology upgrades and required major maintenance for law enforcement and government-owned AS350-series helicopters. Government Capital, based in Southlake, Texas, has extensive experience providing financing to public agencies.

In addition, Precision Aviation Services, of Peachtree City, Ga., AHI’s newest service center, will work with Government Capital and public agencies to provide aircraft systems and avionics upgrades, conduct AS350 12-year airframe inspections and install new mission equipment to enhance the performance of the older helicopters in use with public agencies.

“Many of our law enforcement customers continue to operate their aircraft beyond 10 years, and we wanted to identify a new way for public agencies to pay for important mission equipment upgrades without breaking the budget,” said Ed Van Winkle, AHI Sales Manager for Airborne Law Enforcement. “This innovative program will revolutionize how law enforcement agencies pay for major aircraft upgrades and inspections.”

“This new financing program allows a law enforcement agency the simplicity of bundling their needs into one tax-exempt financing agreement,” said DC Greer, Vice President of Government Capital. “This allows the agency to spread payments over a period of time, creating affordability and maintaining the critical services performed by the agency.”

“Precision Aviation Services (PAS) is pleased to be working with Airbus Helicopters Inc. and Government Capital on this industry-leading initiative” said Adrienne Robinson, Vice President Business Development for Precision Aviation Group (PAG). “Enablinglaw enforcementagencies to effectively manage their operating budgets is a key to performing upgrades to keep aircraft in optimal condition. Managing maintenance costs, especially on larger inspections and maintenance items can be challenging. When agencies upgrade their equipment and have the latest technologies in thermal imagers, searchlights, tactical radios, NVG cockpits and systems such as the Garmin G500H, HELI-SAS and EGPWS, not only can they meet or exceed their operation requirements, but they also address safety and fatigue of aircraft pilots and crew.”

Airbus Helicopters’ AS350-series is the most widely used helicopter by U.S. law enforcement agencies with more than 220 in use across the country. Built and certified by Airbus Helicopters Inc. in Columbus, Miss., this cost-effective helicopter offers modern safety features, high cruise speed and range, and the ability to conduct a wide range of missions.AHI leads the U.S. market in sales of new helicopters to federal, state and local law enforcement agencies, maintaining a 56 percent market share over the last decade.

Airbus Helicopters Inc. will display anOklahoma Department of Public Safety AS350B3e at Booth 811 during the Airborne Law Enforcement Association Conference in Phoenix, July 16-19.

About Airbus Helicopters Inc.

Airbus Helicopters Inc. (AHI) is the U.S. affiliate of Airbus Helicopters, the largest helicopter manufacturer in the world, and a subsidiary of the Airbus Group. Airbus Helicopters Inc. is a manufacturer, markets, sells and supports the broadest range of civil and parapublic helicopters offered in the U.S. The product line represents the industry’s most cost-effective, technologically-advanced helicopters serving all markets and missions. The company’s headquarters and main facility are in Grand Prairie, Texas with a large manufacturing and production facility in Columbus, Miss.

About Government Capital Corp.

Government Capital Corp., located in Southlake, Texas, is a leader in providing professional financing services to local government entities. Since 1992, Government Capital and Government Capital Securities have successfully completed thousands of equipment and project financings for municipal issuers across the U.S. totalling more than $2 billion dollars. For more information:

About Precision Aviation Services (PAS)

PAS, a Precision Aviation Group company, is an Airbus Helicopters Authorized Service Center located in Peachtree City, Ga. With factory trained technicians, PAS offers 24/7 AOG support, mobile field service, avionics upgrades and modifications,and ongoing maintenance at its two hangars. PAS stocks many Airbus Helicopters parts and components including critical high demand items. PAS is also a dealer for more than 80 avionics products including systems from Garmin, L3 Avionics, Avidyne, Technisonic Industries, Cobham, Honeywell and Rockwell Collins. For more information:

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