The Royal Bank of Scotland Group has agreed to sell RBS Aviation Capital to Japan’s Sumitomo Mitsui Banking Corporation (SMBC) for some $7.3 billion, RBS announced today.
Economy of the United Kingdom
Stelios Haji-Ioannou, who established and whose family retains almost 40 percent of British low-cost carrier (LCC) EasyJet, has partnered with UK entrepreneurs wanting to buy aviation companies.
BP has sold its share in Epic Aviation to Dallas-based aviation fuel services provider Downstream Aviation. Epic, which operates as Air BP Aviation Services, supports the fuel and business needs of the approximately 400 branded FBOs in the Air BP network. BP and Downstream have entered into an exclusive brand and supply agreement whereby Epic will continue to provide general aviation fuels under the Air BP brand in the U.S. and Canada.
Mike Delk has announced his retirement following 40 years leading Air BP Aviation Services (Booth No. 7903). In a release issued by Air BP, he said he intends to remain involved in the industry, but that he would like to spend more time with his family. Delk’s father bought what was the Valley Oil Company of Salem, Ore., in 1944, and later switched from producing home heating oil to avgas.
President Obama’s 180-day moratorium on new permits for Gulf of Mexico deepwater drilling is beginning to pinch helicopter operators in the region.
Fuel provider Air BP is offering an online training program for FBOs in the company’s USGA dealer network. The training was developed by Air BP and Aerostudies of Edmonton, Canada. Courses are designed to train FBO line service and customer service employees, using graphics, real-world scenarios, testimonials and day-to-day situations that they might encounter.
Bristow Helicopters has taken delivery of all six Sikorsky S-92s it had on order. The 26,500-pound-mtow twins will fly to offshore oil and gas installations from Scatsta Airport in Shetland. The £70 million ($140 million) investment includes the helicopters, training, tools and equipment. The S-92 fleet will support the integrated aviation consortium, the partners of which are Shell, BP, CNR, BP and Petrofac.
At face value, Rolls-Royce’s recent establishment of new facilities in Singapore, the U.S. and Germany might be construed as the group’s snubbing its UK home and a possible indictment of successive British governments that some say have failed to nurture the country’s aerospace industry.
West Star Aviation is now the only FBO and Air BP the only fuel supplier at Walker Field in Grand Junction, Colo., following West Star’s purchase of Timberline Aviation. However, West Star president Bob Barry promised he will maintain the former Timberline’s fuel price margins and aircraft tiedown rates. “We intend to keep fuel prices regionally competitive,” he said.
Visit the Air BP booth (No. 2552) to see the custom hunter-green 2007 Mini Cooper convertible that the company will give away at 3 p.m. tomorrow. Eligible participants can fill out and submit entry forms (one per entrant) at the Air BP booth up until 2 p.m. tomorrow. The winner must be present to win and step forward within two minutes of the drawing.