Russian Helicopters postponed its offering of “ordinary shares and global depositary receipts” last month. Board member Andrei Reus said he believed “market participants will benefit from more time to reflect upon the true value and growth potential of the business.” When announced in April, the total size of the IPO was expected to exceed $500 million.
Aviation International News » June 2011
Eurocopter delivered the 1,000th Dauphin medium twin in late April, to India-based Pawan Hans Helicopters. The aircraft, an AS365N3, was handed over in an offshore configuration. The global Dauphin fleet, in service with 300 customers, has accumulated 5.1 million flight hours. Eurocopter is working on a new version, the AS365N3e, with deliveries expected to begin in late 2013.
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.
The French helicopter lobby, UFH, and a congressman from the wine-producing Burgundy region have voiced concerns about a recent law banning most crop-dusting activities on environmental grounds. The congressman is saying that, for one hectare (about 2.5 acres) of vineyard, a helicopter uses only 16 gallons of plant-care liquid, thanks to its pinpoint precision.
First-quarter 2011 business jet and turboprop sales and retail transactions were positive, according to data providers Amstat and Jetnet. About 14.2 percent of the worldwide business aviation jet fleet is for sale, down from 14.7 percent three months ago. Meanwhile, pre-owned turboprop inventories dropped to 11.6 percent from 11.9 percent.
CitationAir last month asked all of its remaining 32 pilots on furlough to return to work. The Greenwich, Conn.-based fractional provider placed 85 pilots on furlough in 2009 to right-size the business and be in line with customer demand during the economic recession, thereby cutting the company’s pilot force to 307 people.
General aviation aircraft deliveries during the first three months of this year experienced another overall drop of 4.6 percent compared to the first quarter of 2010, while billings declined by nearly 20 percent to $3.7 billion, according to statistics released last month by the General Aviation Manufacturers Association.