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.
Avincis Group, provider of aerial services worldwide (Booth No. C7211), announced that in Latin America it has appointed Ian Kummerlin as regional CEO, based in Santiago, Chile. He will directly supervise the expansion of Avincis Group subsidiaries Inaer Chile and Inaer Peru. “My focus is to allow both Inaer and Avincis to become lead players in mission-critical services in the region,” Said Kummerlin.
Avincis is the new name for World Helicopters, a firm that combined the Bond Aviation Group with Inaer when it took over the former last spring. The group, owned by KKR and Investindustrial, operates 400 aircraft, 350 of them helicopters.
Boston Logan International Airport landing fees for larger jets are being reduced slightly. For FAR Part 25 aircraft, effective October 1, the new fees are $4.34 per 1,000 pounds of max landing weight, a two-cent drop and the lowest they have been since FY2008. According to Massport, the airport’s owner and operating authority, this modest decrease was made possible by “maintaining controls on spending, combined with a significant savings in financing costs from a recent bond offer.”
Oil and gas giant Shell has excluded Bond Offshore Helicopters from a tender for helicopter services in the North Sea in which Bond was participating. Shell explained that the recent Eurocopter EC225 ditching event requires additional review, a process it has deemed too lengthy for the tender’s timeline.
Eurocopter has issued a statement that essentially clears operator Bond Offshore Helicopters in the ditching of an EC225 medium twin in the North Sea last month. “At this stage of the investigation, neither procedure failure nor human error on the operator’s side have been identified as a potential contributor to the cause of the incident,” the manufacturer said.
Shell Oil announced on May 31 that it is pulling the plug on plans to sign a multimillion-dollar deal with UK-based Bond Offshore Helicopters to provide transportation within the UK.
Bond Aviation Group announced yesterday it has signed “a framework agreement” with AgustaWestland (Booth No. 5602) for the purchase of 10 helicopters, with options for another five.
Bond Aviation Group has been acquired by World Helicopters, a holding firm owned by Investindustrial and KKR. Bond and Spain’s Inaer now share the same parent company. According to a joint statement, Bond owners Peter and Stephen Bond have made “a substantial financial investment” in World Helicopters. The Bond brand “will continue,” as will the current senior management team.
Spain’s Inaer and UK-based Bond Aviation Group, two major helicopter operators in Europe, now have the same parent company–World Helicopters, a holding firm owned by Investindustrial and KKR. World Helicopters completed its acquisition of Bond this week.
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