LCI Helicopters has entered into an agreement with SQN Capital Management, an independent asset manager headquartered in New York City, to manage a fleet of seven recently acquired helicopters. LCI Helicopters, the helicopter leasing arm of the Libra Group, will offer a range of services to SQN including asset management, insurance, rent collection, maintenance oversight,
PGI, a market leading specialty materials manufacturer, has made the strategic decision to extend its existing distribution partnership with Velox GmbH in Europe, bringing PGI composites products closer to its customers. Velox, a European leader in the supply of material specialities for the plastics, composites, rubber, paints and coatings industries, will be distributing the PGI
Magnetic MRO, a Total Technical Care MRO organization based in Tallinn, Estonia, completed the acquisition of an A321-131 (MSN555) for part-out. The purchase, conducted on behalf of private investors, is the start of Asset Management practice at Magnetic MRO, which offers comprehensive turn-key value creation services for aviation investors. The services cover asset acquisitions, lease
Component Control reported that Tempest Aviation Group, an independent helicopter service provider located in Prince George, British Columbia, is planning to expand its services and enterprise using Quantum Control MRO and Logistics software to manage operations. Tempest Aviation Group offers the full scope of MRO services for Bell 412, 212, 205, 206 and Airbus helicopters,
At the end of 2013 it was estimated that there would be a 31% increase in worldwide airline passenger numbers between 2012 and 2017. Of this increase, 24% was estimated to be from the Chinese market. This figure equates to 195 million local passengers and 32.4 million international ones, making 227.4 million in total. The
Boeing and Azerbaijan-based Silk Way West signed an order for three 747-8 Freighter airplanes valued at more than US$1.1bn at current list prices. Silk Way West is an enterprise of the Silk Way Group, which includes 23 companies working in the aviation industry and related services. The airline currently operates seven Boeing airplanes, including two
The European Aviation Safety Administration (EASA) has approved the VIP Type Certificate for the S-76D helicopter, allowing for operation of the aircraft in Europe. The announcement was made at the 2015 Helicopter Association International Heli-Expo show. EASA signed the certificate on Feb. 25th, capping an intensive flight test program to introduce the S-76D helicopter, Sikorsky’s
Brazil is the latest in a growing number of countries where Heli-One is able to deliver its leading helicopter maintenance, repair and overhaul (MRO) services. The National Civil Aviation Agency of Brazil (ANAC), which oversees safety and security of civil aircraft, components, operations and personnel licensing in the country, has certified all four of Heli-One’s
AeroCentury, an independent aircraft leasing company, reported its unaudited operating results for the fourth quarter and year ended December 31st, 2014. Effective as of January 1st, 2014, the Company adopted an alternate method of accounting for non-refundable maintenance reserves and certain lessor maintenance costs. In order to provide a meaningful comparison for 2014 results, the
Nayak Aircraft Service announced the extension of base maintenance approval for Embraer Legacy 450 / 500 and Legacy 600 / 650. This means from now on NAYAK provides in CGN full maintenance support for authorized aircraft model scheduled maintenance. As Embraers Authorized Service Center in Europe Nayak’s business jet maintenance team is looking forward to
