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Bestfly enters rotary market with addition of two Leonardo AW139 helicopters in partnership with Héli-Union

Bestfly enters rotary market with addition of two Leonardo AW139 helicopters in partnership with Héli-Union

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

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Bloomberg says GE shares fell because of analyst concerns about helicopter leasing

Bloomberg says GE shares fell because of analyst concerns about helicopter leasing

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

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Waypoint Leasing in numbers

Waypoint Leasing in numbers

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

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Waypoint Leasing files for Chapter 11 bankruptcy protection

Waypoint Leasing files for Chapter 11 bankruptcy protection

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

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Why 2018 is a year of change for helicopter leasing

Why 2018 is a year of change for helicopter leasing

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.

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SH09 latest prototype begins flight trials

SH09 latest prototype begins flight trials

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.

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Babcock’s £80 million impairment lower than expected

Babcock’s £80 million impairment lower than expected

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

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Soft landing for Voom’s Subramanian

Soft landing for Voom’s Subramanian

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

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Why Thora Capital is rethinking helicopter investment

Why Thora Capital is rethinking helicopter investment

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

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Babcock expected to take a £100 million Avincis hit

Babcock expected to take a £100 million Avincis hit

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

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