Heli-Expo 2017: Achieving stability in an uncertain market
Avinco has announced that 2016 was a successful year for the company, releasing its annual results in the lead up to Heli-Expo 2017, where the international provider of helicopter sales, acquisitions, trading and lease management services will be exhibiting.
In July, the company was awarded the largest helicopter repossession contract to date, covering the management and remarketing of 21 Airbus H225s and one EC155, all of which have now been recovered and stored in one central location in Europe.
Moving assets between continents is a primary operation for Avinco, comprising roughly half of the 27 completed transactions in the course of 2016, which included light, medium and heavy types from several manufacturers.
In spite of economic uncertainties in the civil helicopter industry, the company is confident that there is heavy liquidity for single-engine helicopters worldwide and demand is still strong in EMS.
Acknowledging the downturn in the oil and gas market, Francois Gautier, company CEO, emphasised that Avinco's approach to identifying opportunities would remain optimistic. He attributes the success of last year to the company's 'international presence and long-standing track record'.
This presence was further increased in May, when the launch of US subsidiary, Avinco Americas Corp, was revealed.
'We are still seeing customers needing assistance in dealing with issues in the market, they're just different issues…We are the privileged partner for a large number of operators and owners looking to sell, buy or upgrade, because they trust our know-how and network to find solutions to their situation,' concluded Gautier.
However, Avinco predicts an overcapacity in heavy rotorcraft in 2017, which leaves prospects for platforms such as the S-92 unclear.
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