Babcock has written down £85m on the book values of its “predominantly oil and gas” aviation assets and leases, according to its latest trading update. The UK industry and defence group warned investors of...
Babcock Group is expected to take a £100 million hit on the value on its helicopter business – Babcock Mission Critical Systems – when it announces its half-year results on Wednesday. According to reports...
Babcock Group, the parent of Babcock Mission Critical Systems, is under attack from a short-seller called Boatman Capital Research. A paper posted by Boatman has criticised the Group’s relationship with the Ministry of Defence...
Avincis has been renamed as Babcock Mission Critical Services, following the acquisition by the Babcock Group in May 2014. All the local companies which make up the various aspects of the business, delivering services...
Avincis has ordered two latest-generation EC135 T3s from Airbus Helicopter to be used for emergency medical service (EMS) operations. Martin Whittaker, director of fleet and engineering at Avincis, says: “Air ambulances save lives every...
Waypoint Leasing (Ireland) Limited has signed an agreement with Avincis, a Babcock International Group company, to lease two AgustaWestland AW139 helicopters. The helicopters will operate for Avincis’ subsidiary INAER Aviation Italia, performing a wide-range...
Bill Tame, chief executive of Babcock’s international division, will take over as chief executive of Avincis with immediate effect. Tame takes over from James Drummond, who was brought in to oversee the creation of...
The local Spanish government of Galicia has renewed its emergency service contract with INAER Spain. INAER Spain has been awarded another four year contract to provide emergency medical services to Galicia in Spain. ALSO...
Vector Financial Services, the leasing division of Vector Aerospace Corporation, announces the extension of leasing and support agreements. Vector Financial Services based in Dublin, Ireland announced an extension of agreements for two Vector-owned Airbus...
Babcock International Group PLC has received approvals from the Spanish Council of the National Markets and Competition Commission and the Portuguese Competition Authority in respect of the acquisition of the Avincis Group. Babcock is...