Airbus Helicopters saw stable revenues and profit last year: €6.3 billion ($8.7 billion) and €397 million ($546 million), respectively, according to the financial results Airbus Group unveiled today in Toulouse. The company delivered 497 helicopters and recorded orders for 422 more, compared with orders for 469 the previous year. However, the value of the orders increased year-over-year by 7 percent, to €5.8 billion ($7.9 billion). The civil market accounted for 55 percent of revenues. The backlog, as of December 31, stood at 995 helicopters worth €12.4 billion ($17 billion).
Waypoint Leasing Services placed orders with Airbus Helicopters for 12 EC225s and 25 EC145T2s yesterday at Heli-Expo. Deliveries will commence this year and continue through 2017. Financial details of the order were not disclosed. Waypoint purchased two EC225s last year that are currently leased for offshore oil and gas operations in Australia. The helicopter leasing firm has $375 million in financing from two family funds and an additional $325 million in credit from Credit Suisse, CIT Bank and SunTrust.
Vector Aerospace Helicopter Services North America (Vector HS-NA) has introduced new services at its facility in Richmond, B.C., Canada, covering the Airbus Helicopters AS350, AS355 and EC130B4. A factory-approved maintenance and repair center, Vector HS-NA offers 12-year inspection service as well as structural repair capability on canopies, floors and aft structural assemblies, tail booms and vertical stabilizers. Also available are full component overhauls on Arriel 1 and Arriel 2 turboshafts, including lease and exchange engines.
On the day that Airbus sent two more A350 development aircraft on their maiden voyages, bringing the test fleet to four, Airbus Group announced during its 2013 annual results press conference that the delayed program had incurred a €434 million charge.
Rolls-Royce on Wednesday revealed plans for a new generation of engine designs to replace the current Trent family. The first, called Advance, would reach the market by the end of this decade, burning at least 20 percent less fuel and emitting 20 percent less CO2 than the first generation of Trent engine. The second, dubbed UltraFan, would enter service by 2025 and use a geared design and a variable-pitch fan system capable of delivering at least a 25-percent improvement in fuel burn and emissions.
Rotorcraft Services Group Products (Booth No. 1206) announced during Heli-Expo 2014 that it is teaming up with Heli-One (Booth No. 1804) to collaborate on, produce, support and even co-market supplemental type certified products for their customers.
Initial STCs available through the partnership include a dual pivoting litter system for the AS350 and a rappel system for Bell 412 and 212 helicopters. Both STC’d products are on display at RSG’s booth at Heli-Expo.
Lease Corporation International (LCI) of Dublin, Ireland, announced signing orders for helicopters here at Heli-Expo 2014 worth almost $1 billion: the orders include a contract with AgustaWestland for as many as 18 helicopters valued at more than $280 million and a contract with Airbus Helicopters for as many as 21 new rotorcraft valued at some $645 million. Adding up the new orders and others since its launch in 2012, LCI has ordered more than $1.3 billion worth of rotorcraft.
New Airbus Helicopters CEO Guillaume Faury and the head of its U.S. arm, Marc Paganini, were visibly penitent when discussing the company’s traditionally problematic customer service at today’s annual company press breakfast here at Heli-Expo. Faury left no doubt that he is committed to focusing more company resources and attention on product support. “It is time for new priorities,” he said. Paganini echoed that sentiment, admitting, “We need to do better.”
Waypoint Leasing Services announced yesterday at Heli-Expo placing orders with Airbus Helicopters for 12 EC225 and 25 EC145T2 rotorcraft. Deliveries will commence this year and continue through 2017. Financial details of the order were not disclosed.
Vector Aerospace has announced several new maintenance agreements for its Helicopter Services-North America (HS-NA) subsidiary. The rotorcraft MRO services company has signed a two-year agreement with Brazilian MRO provider Helipark to provide repair and overhaul support for the Turbomeca Arriel 1 and Rolls-Royce M250 engines. Vector plans to open a new 29,000-sq-ft MRO facility in Jacarei, Brazil this year, as part of an initiative to grow its South American customer base.