Dublin, Ireland-based Milestone Aviation Group and CHC Helicopter have agreed on the sale-leaseback of five medium twins–two Sikorsky S-92s and three Eurocopter AS332L2 Super Pumas.
CHC Helicopter and aircraft leasing firm Milestone Aviation Group announced an $80 million contract today for sale-leaseback of five heavy helicopters for transporting offshore oil and gas workers in the UK, Denmark and Falklands. The deal includes the sale-leaseback of two Sikorsky S-92s and three Eurocopter AS332L2s.
CAE (Hall 3 C60) and Mitsui (Hall 4 F169) announced that they plan to establish a joint-venture training center in Japan for the new Mitsubishi Regional Jet (MRJ).
Vector Aerospace will maintain its separate identity as a stand-alone MRO (maintenance, repair and overhaul) company even after it is acquired by Eurocopter Holdings, according to Vector CEO Declan O’Shea.
The global march toward consolidation of helicopter oil and gas production services companies appears to be continuing. Last month Canadian Helicopters Group announced it is buying Helicopters New Zealand (HNZ) for C$120 million. HNZ operates 33 helicopters from bases in New Zealand, Australia, Laos and Cambodia on behalf of global oil and natural resource exploration companies and various government agencies.
Milestone Aviation Group (Booth No. 4042), a global finance company focused on providing leasing of high-value helicopters and private jets, announced at Heli-Expo 2011 that it has closed $141 million in transactions for 27 new and used helicopters since the company was launched in last August.
Milestone Aviation Group (Booth No. 4042), a global finance company focused on providing leasing of high-value helicopters and private jets, announced at Hel-Expo 2011 that it has closed $141 million in transactions for 20 new and used helicopters since the company was launched in last August.
On the eve of Heli-Expo 2011, training provider CAE (Booth No. 1253) announced both the completion of its acquisition of CHC Helicopter’s flight training operations and a partnership agreement to provide flight training for CHC Helicopter personnel.
Eurocopter’s new North Sea Service Centre at Aberdeen in the northeast of Scotland is the blueprint for the manufacturer’s concerted effort to locate product support and training infrastructure as close as possible to operators of its aircraft. The new facility was officially opened on February 1 and the company is advancing plans for similar developments in the U.S., Asia and South America.
Overblown oil prices are far from good news for most of the aviation industry, but the world’s insatiable thirst for fuel is spurring fresh demand for helicopters to serve offshore exploration and production activity. So it was a logical choice for Eurocopter to select Aberdeen in the northeast of Scotland as its first major initiative to bring rotorcraft product support and training infrastructure closer to its operators.