Known primarily in the rotorcraft segment for its flight data management (FDM) products, Appareo Systems returns to Heli-Expo this year with a series of customer events and presentations planned throughout the show, including demonstrations of its Stratus 2 wireless automatic dependent surveillance-broadcast (ADS-B IN) receiver.
Helicopter manufacturers will deliver between 4,800 and 5,500 new turbine-powered civilian models in the next five years, Honeywell (Booth No. 6502) predicts in its annual market forecast.
Tiger Tugs Helicopter Transport’s newest helicopter mover–the Model 12.0–can handle helicopters weighing up to 12,000 pounds. The Model 12.0 is ideal for handling aircraft such as the Bell 212 and 412 safely and easily, according to the Bend, Ore.-based company.
Tiger Tugs (Booth No. 7616) claims to have developed a new concept for moving helicopters safely and efficiently. “We took a fresh look at the tug market, interviewed users of other tugs, then set out to design a safer and easier-to-use vehicle,” the company explained.
CHC Group is going public and has begun an initial public offering (IPO) of 29,412,000 of its ordinary shares. The company, parent of CHC Helicopter, will make all of these shares available in the IPO, which is expected to price at $16 to $18 per share. If the underwriters sell more than the allotted shares, they will be able to buy up to 4,411,800 additional ordinary shares at the IPO price, less underwriting discounts, according to CHC. The company’s symbol on the New York Stock Exchange will be HELI.
Fresh pressure is being placed on the FAA to revise and finalize its 2010 notice of proposed rulemaking (NPRM) that would mandate the installation of helicopter terrain avoidance and warning systems (HTAWS) and radar altimeters on all U.S. emergency medical service (EMS) helicopters. The NPRM drew a firestorm of criticism from affected stakeholders for favoring high-cost solutions over less expensive, and some argued, more effective safety technology such as night-vision goggles (NVGs).
CEO Kurt Robinson said he is focusing on keeping his family’s helicopter company “lean and mean to provide a good product at a competitive price” to bring value to its customers. “We’re going to keep our pencils sharpened,” he told AIN. Robinson Helicopter posted another strong year in 2013, producing 523 helicopters, up from 517 in 2012 and a long climb from the 2010 rate of 162. As was the case in 2012, the piston-powered R44 continues to be the top seller, with 289 produced in 2013; but the $839,000 turbine-single R66, with 192 already delivered, remains the company cash cow.
The European Commission on Thursday adopted new guidelines for limiting state aid to regional airports and airlines, a move the EC claims will reduce competitive distortion by discouraging overcapacity at small, unprofitable facilities.
For the first time since 2008, worldwide deliveries of business jets were higher than the previous year, according to 2013 year-end numbers released yesterday by the General Aviation Manufacturers Association (GAMA). Airframers handed over 678 business jets last year, six more than in 2012.
UK regional airline Flybe has raised almost $260 million in fresh capital through a share flotation launched February 20 in London. The company, which has been battling to rebuild its business model with an aggressive program of cost cutting, is issuing a total of up to 141.5 million new shares to raise £155.6 million. The offer price on February 20 was 110p per share, representing a 7.2-percent discount on the stock’s 118.5p mid-market price on February 19.
The UK CAA unveiled a series of stringent measures today as a result of a review it launched last September to improve the safety of helicopter operations in the North Sea. These changes are expected to improve survivability after a ditching.