Business

March 6, 2013 - 12:40pm

Avinco founder and CEO Francois Gautier said that the company expects a more favorable market for pre-owned helicopters in the third and fourth quarters of 2013. Monaco and Dublin-based Avinco specializes in rapid procurement and retrofit of pre-owned helicopters in a worldwide market. The company (Booth No. C4114) is celebrating its 10-year anniversary at Heli-Expo.

March 6, 2013 - 12:30pm
Aerial firefighting spray boom

Portland, Ore.-based Simplex (Booth No. N2511), known for its unique, easily convertible aerial firefighting spray booms, announced that it is teaming with Advanced Helicopter + Rescue Techniques (AH+RT), also Portland-based, to provide rotary-wing aerial firefighting and technical rescue training, including turnkey solutions for customers.

March 6, 2013 - 10:00am

Last week Congressman Frank LoBiondo (R-N.J.), newly appointed chairman of the Aviation Subcommittee of the U.S. HouseTransportation and Infrastructure Committee, held a round-table sessionin Washington, D.C., with some of the major aviation trade associations.

March 6, 2013 - 9:55am

Peterborough, Ontario, Canada-based Flying Colours reports that since the ABACE 2012 show it has delivered four Bombardier Challenger 850s to Asia and has another five Challenger 850s in the pipeline, with completion and delivery to China planned within the next 12 months. In addition, the company has completed two major Global Express refurbishments for Chinese-based clients in the last year. By year-end, Flying Colours will have delivered a total of 15 Challenger 850s to China.

March 6, 2013 - 9:45am

Palm City, Fla.-based STS Component Solutions, a five-year-old company that has thus far served the airlines, will expand into helicopters and business aviation as well. According to Tom Covella, group president of STS Component Solutions, the growth stems from partnerships established with Donaldson, Skurka Aerospace and Esterline Mason, as well as expansion of its support work for MarathonNorco and Avionic Instruments. “The helicopter market is global in nature and it’s expanding. Some of our component manufacturers are beginning to see there’s more in the aftermarket than they realized.

March 6, 2013 - 9:40am

AJ Walter Aviation and Russia’s Engineering–The Aviation Maintenance Holding company have signed an agreement aimed at enhancing parts support and provision in Russia through the establishment of an exclusive consignment stock pool of Airbus A320 and Boeing 737 parts. These components will be housed centrally at Engineering’s facility at Moscow Domodedovo Airport. The agreement is considered the first venture of its type in Russia between a Western independent parts specialist and an independent Russian MRO provider.

March 6, 2013 - 9:30am

GE Aviation has named Ruag Aviation an authorized service center for its CF34-3 engines, which power the Bombardier Challenger series. Under the terms of the agreement, Ruag Aviation can perform engine line maintenance as well as provide OnPoint and warranty support and facilitate access to both GE parts and technical support. The MRO offers aircraft maintenance, individual cabin designs up to a complete refurbishment of aircraft interiors, in-flight entertainment systems and satcom installations, as well as complete system upgrades.

March 6, 2013 - 9:25am

Rectrix Commercial Aviation Services (Recas) announced the acquisition of Westfield, Mass.-based AirFlyte, an FBO with maintenance and hangar facilities. “An important factor this acquisition was the agreement of Gary Potts to stay on as president, thus assuring a seamless continuity of business,” said Richard Cawley, president and CEO of Recas. “By joining Rectrix, AirFlyte now has access to resources that will allow it to expand the quality services for which the company is known.”

March 6, 2013 - 4:35am

China-based Citic Offshore Helicopter, which operates mainly medium twins for offshore passenger transportation, plans to divest its 94-percent stake in Citic General Aviation, for at least $13 million, according to Chinadaily.com. Citic General Aviation has a fleet of 18 helicopters and three business jets. As Citic General Aviation could not “perform in a large scale due to the limited number of jets it owns,” it posted “low revenue” in the last few years. It was profitable but all the profits were made by the helicopter business, while the business jet sector posted losses.

March 6, 2013 - 4:10am

Offshore-energy helicopter service operator Bristow Group reported increases in revenue and net income for the fourth quarter of last year. Compared with the same period in 2011, operating revenue increased by 17 percent, to $346.7 million, and adjusted net income grew to $42.6 million, a $14.8 million jump from the comparable 2011 period.

 
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