Amstat (Booth 931) is demonstrating the latest version of its online resource tools for business aviation fleet and operator information. For its Premier Online product, the U.S. company says it has designed a “simple and elegant solution” via two menu options. Users also can now share notes and edits with their colleagues, customize result lists, save and schedule reports, add their own data fields (for territory assignment, for example) and customize printouts–even adding their company logos.
Financing, Insurance and Taxes » Aviation Financing
Issues regarding financing of aircraft.
If you see Michal Dvorak here at EBACE wearing a big smile, congratulate him on his new appointment. He was just named chief financial officer of ABS Jets (Booth 2052), with operational bases in Prague and Bratislava. Dvorak has always had a keen interest in both aviation and finance, and his new job will enable him to leverage his expertise in both areas.
Airlines are benefitting from growing capital market support for new aircraft financing, with this source of funding expected to account for as much as 15 percent of all transactions this year, according to Boeing Capital. A few years ago, capital markets accounted for barely 2 to 3 percent of aircraft financing.
Milestone Aviation Group, the helicopter leasing firm that was co-founded in August 2010 by airplane fractional program pioneer Richard Santulli, has quickly grown to mammoth size. The Dublin, Ireland-based company said its fleet, which ranges from light-twin to heavy helicopters, now includes more than 90 aircraft from AgustaWestland, Bell, Eurocopter and Sikorsky worth more than $1.3 billion.
They say the first year can be the best, and for Hong Kong-based Asian Sky Group (ASG, Chalet 370) it has been a sweet first year. The company has completed several aircraft transactions during the past 12 months, and executed several long-term consulting agreements. In the last quarter, ASG participated in transactions totaling $140 million for both new and pre-owned aircraft as diverse as a Cessna Citation CJ1+ and an Airbus ACJ319.
For all the excitement that business aviation is stirring up among Chinese high-net-worth individuals, there are two groups of products that they do not seem ready to embrace: light jets and pre-owned aircraft. For now, the market remains resolutely focused on larger, long-range jets and brand-new models ordered straight from the factory.
Phoenix Heliparts, with 1st Source Bank and Southwest Aviation Insurance Group, plans to offer financing and insurance options on its future MD 500 helicopter sales. Phoenix Heliparts (Booth No. C1527) aims for its Mesa, Ariz. headquarters to become the one-stop shop for MD 500 purchases by “providing a total service experience and simplifying the process of restoring and upgrading MD 500s.”
Phoenix Heliparts president Tina Cannon said the goal is “to reduce the challenges that buyers face when undergoing a custom helicopter restoration.”
Helicopter appraisal firm HeliValue$ has laid bare the market so that visitors to this year’s Heli-Expo can get an idea of what is actually going on in the market, based on prices. “At HeliValue$, our most-asked question of the past quarter has been ‘What’s going on with the helicopter market?’” said Sharon Desfor, president of the Wauconda, Ill.-based company.
The recent completion of European certification of Rolls-Royce’s Trent XWB not only boosted Airbus’s efforts to fly its new A350XWB widebody in the first half of this year, it freed the UK-based engine maker to turn its attention to the Trent XWB-97 turbofan, designed to power the longer-range A350-1000 (the standard 84,000-pound-thrust Trent XWB powers the -800 and -900 versions).
Airbus has raised its sales target for 2013 to 700 airliners after surpassing its target of 650 for last year with gross orders for 914 airplanes and a net order count of 833 after cancellations. But the European airframer has acknowledged that it is especially eager to get sales of its A380 widebody back on track after logging orders for only nine of the superjumbos in 2012.