Luanda, Angola – 27 November 2018 – Bestfly, the Angola-based aviation services company has entered the rotary market with the addition of two Leonardo AW139 helicopters to its Luanda-based fleet in partnership with Héli-Union. The Bestfly/Héli-Union partnership is operating the
Bloomberg is reporting that GE shares fell 4% over concerns about Milestone Aviation, following Waypoint Leasing’s filing for Chapter 11. GE Capital Aviation Services acquired Milestone Aviation, the largest helicopter leasing company and Waypoint Leasing’s biggest competitor, for $1.8 billion
Waypoint Leasing, the world’s second largest helicopter leasing company filed for Chapter 11 on Sunday November 25. Size In October 2018, Waypoint valued its assets at $1.62 billion and its liabilities at $1.23 billion. On November 16, 2018, Waypoint’s fleet
Waypoint Leasing, the world’s second largest helicopter leasing company, has filed for Chapter 11 bankruptcy protection. The company filed at the US Bankruptcy Court for the Southern District of New York at 12.37 on Sunday November 25. The filing covers
The year 2014 was clearly the top of the cycle, 2018 is now showing all the signs of being the turning point for offshore helicopters. It is clearly a year when the market is being fundamentally reshaped, ready for stronger times.
Mollis, Switzerland – Kopter Group AG has commenced the next phase of its helicopter development and certification programme with its latest SH09 prototype number 3 (P3). P3 has achieved the necessary technical clearance and regulatory compliance to start flight tests.
Babcock Group has taken an £80 million ($102 million) impairment charge on its oil ad gas helicopter transport business. Analysts had been expecting £100 million. In its half-year results released today, Babcock cited overcapacity and underutilisation of its helicopter assets
Uma Subramanian has stepped down as CEO of Voom. After three years of heading up the helicopter charter booking platform, Ms Subramanian has left the company and handed over the reins to prior COO Clement Monnet. The reasons for she
Four years into the downturn, it is probably safe to say that the first Golden Age of helicopter leasing lasted for four years. It started with the launch of Milestone Aviation in 2010 and then ended when GE Capital Aviation
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 from television news channel Sky News
