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Monaco firm reports successful helicopter business

Monaco firm reports successful helicopter business

By Staff Writer - March 6, 2017

Eurocopter EC155 Helicopter. Photo: James
Eurocopter EC155 Helicopter. Photo: James

Avinco Helicopters, a Monaco company that specialises in helicopter sales, acquisitions, and trading, has reported 27 helicopter transactions in 2016, plus a repossession contract involving 21 Airbus H225s and an EC155.

In its 2016 annual results, Avinco said the 27 transactions had a combined value of $54 million. The repossession contract involved Avinco recovering, storing, managing and remarketing the aircraft on behalf of a consortium of creditor banks along with Coface, France’s export credit agency.

Avinco CEO Francois Gautier. Photo: avinco.net
Avinco CEO Francois Gautier. Photo: avinco.net

Avinco CEO Francois Gautier said, “There is a healthy liquidity for single-engine helicopters in most parts of the world, and demand remains fairly strong in Emergency Medical Services. Finding a home for heavy machines, even for a short lease, is harder, and 2017 will see overcapacity in heavy machines with uncertain prospects for both AH225s and [Sikorsky] S-92s. This may impact overall market confidence.”

Avinco has bases in Monaco, Dublin, New York and Singapore and also manages a portfolio of 14 leased aircraft, according to Aviation International News.

“Fundamentally, Avinco’s approach to the market remains unchanged. In spite of the ongoing downturn in oil-and-gas, Chapter 11 issues with North American operators and economic uncertainties in Europe and the US, we continue to identify opportunities where they lie in the market. Our success is mainly due to our international presence and long-standing track record, Gautier said.

The company operates from the Gildo Pastor Centre and has offices worldwide. For a list of available helicopters see their website.

 

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