Brought to you by: Monaco Life
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 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.
Traffic has begun traversing across Genoa’s new highway bridge, just two years after the terrifying collapse of the original Morandi bridge which killed 43 people.
New figures have revealed that while the Provence Alpes Côte d’Azur region has seen a rise in coronavirus cases, the number of hospitalisations and deaths remain low.
Both Prince Albert II and Minister of State Serge Telle have offered heartfelt condolences to the President of Lebanon after massive explosions rocked the country’s capital.
The Emerald Isle has dropped five countries off of its “Green List” for travel following a rise in Covid-19 cases over the past week, Monaco amongst them.