Global helicopter lessor Milestone Aviation Group of Columbus, Ohio, and Eurocopter announced at Heli-Expo ‘13 this morning purchase orders with options for up to 15 EC225 Super Puma and five EC175 helicopters, contracts worth as much as $540 million (€415 million). The valuation is based on a price of €22.5 million each for the EC225 and €14 million each for the EC175s.
EuroAvionics is at Heli-Expo’13 celebrating 20 years since its founding in 1993. Since then it has become established as a key supplier of cockpit avionics enhancement packages for special-mission helicopters and military aircraft. The company is exhibiting (Booth No. C3930) next to U.S. partner LCX Systems, which serves the Americas market from its base in Sarasota, Fla.
Eurocopter released financial results for 2012 last month, logging another year of growth despite continuously eroding deliveries. Services, such as maintenance and training, are set to become Eurocopter’s number-one revenue producing activity, surpassing helicopter production. And during the next five years, the European manufacturer is betting on growth in emerging countries.
Eurocopter held an inauguration event last month to celebrate its new manufacturing center of excellence in Querétaro, Mexico. The facility is located at the Aerotech Industrial Park. In addition to manufacturing tail booms for Ecureuil helicopters, the center also makes structures for Airbus doors and houses a new 11,000-sq-ft Ecureuil maintenance facility. Eurocopter has been active in Mexico for 50 years and also celebrated the 30th anniversary of its Eurocopter de Mexico subsidiary. In Querétaro, Eurocopter will create about 200 jobs.
Eurocopter is currently working on three “X” projects–the X indicating they are more or less secret–to replace the Dauphin and Super Puma and an undetermined model. Meanwhile, the EC175 program has slipped a bit more to the right.
Eurocopter anticipates that a solution to the main gearbox problem that has grounded the North Sea fleet of EC225s will be available next month. Offshore operators, especially those in the North Sea, have seen major disruption of their activities, as have the oil and gas companies that depend on helicopter transportation for crew changes on their platforms.
Eurocopter managed to boost revenue last year despite sagging deliveries, in part on the strength of its service activities. The Marignane, France-based manufacturer plans to ramp up production this year, with the aim of delivering 15 percent more aircraft than it handed over last year.
In 2012, revenue amounted to €6.3 billion ($8.4 billion), a 15-percent increase over the previous year. “This was the second year in a row with double-digit growth,” said CEO Lutz Bertling at the company’s annual press conference in Paris in late January.
In January, Beijing Capital Helicopter took delivery of its first Eurocopter EC135P2+ in executive livery, and the company is using it for a regular charter operation from the capital to Buddhist spiritual sites.
The charter was especially active during the Chinese Lunar New Year holidays, ferrying passengers to the Wutaishan Mountain area, a well known site of Buddhist temples and monasteries about 160 nm from Beijing Badaling Airport. The Buddhist spiritual center is about a seven-hour journey by train from Beijing. The flight by helicopter is as little as an hour-and-a-half.
In presenting its annual results yesterday, European aerospace consortium EADS shed more light on Eurocopter’s performance last year. As of December 31, the French helicopter manufacturer’s backlog included 1,070 aircraft worth $16.9 billion. While this is steady in units, it reflects a 7-percent decrease in value.
The EASA has approved Eurocopter’s fix for the tail-rotor problems that have affected the AS350B3e AStar/Ecureuil light single helicopter. Operators will have to perform the modification–essentially removing an additional chin weight and installing a load compensator–within five months, per a recently issued AD. It will “restore the tail rotor dynamic load level,” down to the level found on previous models, such as the B3.