Babcock takes £85m hit on aviation segmentnews Alasdair Whyte 13 Feb 20 0Babcock has written down £85m on the book values of its “predominantly oil and gas” aviation assets and leases, according to its latest trading update.… Read more
Babcock expected to take a £100 million Avincis hitnews Alasdair Whyte 19 Nov 18 0Babcock Group is expected to take a £100 million hit on the value on its helicopter business – Babcock Mission Critical Systems – when it… Read more
Babcock targeted by anonymous short-sellernews Alasdair Whyte 8 Nov 18 0Babcock 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… Read more
Avincis renamed Babcock Mission Critical Servicesnews Terry Spruce 15 Jan 15 0Avincis has been renamed as Babcock Mission Critical Services, following the acquisition by the Babcock Group in May 2014. All the local companies which make… Read more
Avincis orders two EC135 T3snews Terry Spruce 15 Oct 14 0Avincis 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… Read more
Waypoint signs helicopter leasing deal with Avincisnews Terry Spruce 14 Oct 14 0Waypoint Leasing (Ireland) Limited has signed an agreement with Avincis, a Babcock International Group company, to lease two AgustaWestland AW139 helicopters. The helicopters will operate… Read more
Bill Tame appointed as CEO at Avincisnews Terry Spruce 12 Sep 14 0Bill 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,… Read more
Galicia renews INAER contractnews Terry Spruce 15 Aug 14 0The local Spanish government of Galicia has renewed its emergency service contract with INAER Spain. INAER Spain has been awarded another four year contract to… Read more
Vector Aerospace announces continued support for Bond Australianews Terry Spruce 13 Jun 14 0Vector Financial Services, the leasing division of Vector Aerospace Corporation, announces the extension of leasing and support agreements. Vector Financial Services based in Dublin, Ireland… Read more
Babcock International Group cleared to acquire the Avincis Groupnews Terry Spruce 28 Apr 14 0Babcock International Group PLC has received approvals from the Spanish Council of the National Markets and Competition Commission and the Portuguese Competition Authority in respect… Read more
KKR likes helicopters (again)insight Alasdair Whyte 16 Jan 14 0KKR invests $100 million in Lease Corporation International. I don’t know if a lot of sightseeing helicopters pass by the windows of KKR’s New York… Read more
KKR invests $100 million into Lease Corporation Internationalnews Terry Spruce 16 Jan 14 0Lease Corporation International is partnering with KKR for helicopter leasing. KKR Financial Holdings is investing more than $100 million in Lease Corporation International’s helicopter leasing… Read more
Bond Helicopters Australia celebrates launchnews Terry Spruce 16 Oct 13 0Bond Helicopters’ latest subsidiary in Australia provides offshore helicopter services to the energy industry in Australia. Bond Helicopters Australia celebrated its launch with federal and state… Read more
Avincis buys three Eurocopter EC225 helicoptersnews Terry Spruce 25 Sep 13 0Eurocopter announces that the Avincis Group has purchased three EC225 helicopters at Helitech 2013 in London. Avincis has purchased three EC225 helicopters to be operated… Read more
EC225 comes backinsight Alasdair Whyte 30 May 13 0Eurocopter is confident that it fully understands the technical problems with the EC225 gear shaft and says that the aircraft will be able to return… Read more
Avincis sees Q1 revenues drop but grows backlog with new helicopter contractsnews Terry Spruce 30 May 13 0Avincis Group generated revenue of €120.1 million during the first quarter of 2013, which represented an 11.2% drop from the €135.2 million made in the… Read more
Avincis appoints new regional CEO Western Europenews Terry Spruce 24 May 13 0Avincis has appouinted Manuel Lopez Aguilar as regional CEO of Western Europe with immediate effect. Read more
Avincis responds to UK search and rescue announcementnews Terry Spruce 28 Mar 13 0Avincis CEO James Drummond responded to recent announcement of the award of the UK SAR contract. Read more
Avincis and Eurocopter sign global framework agreementnews Terry Spruce 8 Mar 13 0The Avincis Group (Avincis) and Eurocopter have announced a global framework agreement, including the acquisition of 10 new EC145 T2 helicopters for emergency medical service… Read more
Avincis and Turbomeca sign global engine agreementnews Terry Spruce 7 Mar 13 0The Avincis Group (Avincis) has signed an agreement with Turbomeca (Safran) for support of approximately 180 helicopter engines operated by Avincis’ operating subsidiaries around the… Read more
