AW189

All posts tagged AW189

HAI Heli-Expo 2020

The annual HAI Heli-Expo 2020 Event is over …. lots of new Press Releases and new helicopters on display at Anaheim, CA.

Thanks to Oscar BERNARDI & Gianfilippo COLASANTO for their contribution in order to realize this exhaustive Photo Report Page with full coverage of the exposition … 225 images to enjoy.

I-AWCU – ITALIAN ROTORS update

Thanks to Oscar BERNARDI for this image of the Leonardo AW189 I-AWCU … new paint job was recently applied to this factory demo helicopter and standardized as AW149. Venegono (VA), February 2020.

PRESS RELEASE – 24 January 2020

Bristow Group Inc. and Era Group Inc. announced today that they entered into a definitive agreement to combine the two companies.

  • All-stock transaction creates financially stronger, publicly traded company with a significant presence in key geographic regions
  • Combined company will offer broader range of world-class, efficient aviation solutions through enhanced fleet size and diversity, providing better solutions for new and existing oil and gas customers and governmental agencies
  • Expected to achieve pro forma annual revenues of approximately $1.5 billion and run-rate adjusted EBITDA of approximately $240 million, including at least $35 million in annual cost synergies
  • The combined company will maintain a strong balance sheet with robust free cash flow to facilitate continued deleveraging and returns to shareholders

HOUSTON, January 23, 2020 – Bristow Group Inc. (“Bristow”) and Era Group Inc. (NYSE:ERA) (“Era”) announced today that they entered into a definitive agreement to combine the two companies in an all-stock transaction, creating a financially stronger company with enhanced size and diversification.

The combined company, which will be named Bristow, will strengthen its global leadership position with significant operations throughout the Americas, Nigeria, Norway, the United Kingdom and Australia for offshore aviation transportation and search and rescue solutions. The new organization will offer a broader range of world-class, efficient solutions through enhanced fleet size and diversity, continuing to invest in new technology and safety features to meet the evolving needs of new and existing oil and gas customers and governmental agencies. 

“We believe this merger will create substantial value for the stakeholders of both companies,” said Chris Bradshaw, President and CEO of Era. “The identified cost synergies are significant and, combined with the strong pro forma balance sheet and absence of capital commitments, support robust free cash flow generation. This merger achieves more efficient absorption of the significant fixed costs required to run an air carrier and better positions the combined company to manage industry challenges.” 

“Bristow and Era share complementary cultures built on an unwavering commitment to safety and quality through experienced, well-trained trained pilots, mechanics, engineers and support staff,” said L. Don Miller, President and CEO of Bristow. “Merging these two companies will further build on that culture to create an even stronger, more integrated industry leader.”

Highly Compelling Strategic RationaleEnhances Global Leadership with Significant Presence in Key Geographic Regions and End-Markets:

  • Significant operations throughout the Americas, Nigeria, Norway, the United Kingdom and Australia
  • Global leader in offshore oil and gas transportation, search and rescue and aircraft support services to government and civil organizations, with significant revenues and cash flow generated from government services contracts

Increases Fleet Size and Diversity:

  • Combined fleet of more than 300 of the industry’s most modern aircraft with the latest generation of technology and safety features
  • Creates the world’s largest operator of S92, AW189 and AW139 model helicopters
  • Combined fleet will be predominantly owned (>80%), with attractive lease rates on the balance of the fleet

Creates Financially Stronger Company: 

  • Expected to achieve pro forma annual revenues of approximately $1.5 billion and run-rate adjusted EBITDA of approximately $240 million
  • Substantial and highly achievable cost synergies with an annualized saving of at least $35 million through the elimination of redundant corporate expenses and the realization of enhanced operational efficiencies
  • Maintains a strong balance sheet (~2.5x net leverage), supported by a large combined cash balance (over $250 million expected at closing)
  • $112.5 million upsized ABL facility, with a robust free cash flow profile to facilitate continued deleveraging and returns to shareholders

Governance and Management 

Following completion of the transaction, the combined company will be headquartered in Houston, Texas. Chris Bradshaw, President and CEO of Era, will become President and CEO of the combined company. The senior management team will be named at a future date. 

The combined company will have a nine-member Board of Directors, including seven members from Bristow and two members from Era, including the CEO. The Chairman and Vice-Chairman of the Board of Directors will be appointed by Bristow.

Transaction Structure

The transaction will be structured as a reverse triangular merger whereby Era will issue shares to Bristow stockholders. Era (NYSE:ERA) shares will continue to trade on the NYSE.
Under the terms of the agreement, which was unanimously approved by the Board of Directors of both companies, Bristow shareholders would own 77% of the equity of the new company and Era shareholders would own 23%. 

The transaction is expected to close in the second half of 2020, following receipt of required regulatory approvals and satisfaction of other customary closing conditions, including approval by Bristow’s and Era’s stockholders. The merger is intended to qualify as a tax-free reorganization for U.S. federal income tax purposes. 

Share Repurchase Plan

Era also announced today that, in connection with entry into the merger agreement, its Board of Directors has authorized a special stock repurchase program that would allow for the purchase of up to $10 million of its common stock from time to time and subject to market conditions on the open market or in privately negotiated transactions. The special repurchase program will commence as soon as practicable and will end upon the mailing of the joint proxy statement/prospectus for the merger. Era also noted that it intends to provide the market with periodic updates of the results of the repurchase program. Era’s previously announced repurchase program will be suspended until the closing of the merger.

PRESS RELEASE – 12 December 2019, Bordes.

Safran Helicopter Engines has received EASA (European Aviation Safety Agency) Type Certification for its Aneto-1K engine, as fitted to the Leonardo AW189K.

Intended for super-medium and heavy helicopters, the Aneto family produces between 2,500 and 3,000 shp. The 1K is rated at 2,500 shp and its first flight in the AW189K took place in March 2017. Christian Caneilles, VP Heavy Helicopter Engines Program, said: “Certification represents a major milestone for the Aneto program, which will deliver best-in-class solutions for super medium and heavy helicopters. It reflects the excellent performance demonstrated by the engine during its development phase. After an intensive and rigorous test campaign of more than 5,000 hours, on the ground and in-flight, the Aneto-1K is now ready to support AW189K entry-into-service.” The Aneto family offers significant benefits. Thanks to an exceptional power-to-volume ratio, it delivers 25% more thermal power (over existing similarly-rated engines), resulting in increased mission capabilities. This will be especially useful in demanding roles such as offshore transport, search and rescue, fire-fighting, law enforcement or military transport, where increased “hot and high” power margins and solid performance in the transitory regime must be assured. The Aneto delivers increased reliability and safety. Maintenance is optimized with fewer scheduled tasks and longer service intervals. Users will also benefit from connected features like health monitoring (predictive maintenance) and full compatibility with BOOST, Safran’s new online engine configuration and maintenance management service.

  • AW189s recently delivered to Malaysian and Seoul Fire Departments with Japan to follow
  • Leonardo AW139, AW169 and AW189 rapidly becoming a standard for emergency management in Asia
  • Asia Pacific is the fastest growing market for helicopters globally and Leonardo is well positioned thanks to its range of new generation helicopters

Rome, 25 March 2019 – With deliveries across Asia Pacific the Leonardo AW189 super medium helicopter is becoming the leader in the firefighting market. The Malaysia Fire and Rescue Department (Jabatan Bomba dan Penyelamat Malaysia) and Korea’s Seoul Fire Department are beginning operations with their AW189s and will soon be followed by the Tokyo Fire Department. Asia Pacific is the region with the strongest growth prospects for all of Leonardo’s aerospace and defence capabilities. In the helicopter sector, public utility operations such as firefighting, search and rescue and disaster relief capabilities are quickly growing and Leonardo is successfully targeting the requirements with the AW139, AW169 and AW189 helicopters. These models join an already impressive fleet of Leonardo helicopters across countries in the region with Malaysia, South Korea, Japan and Australia being markets where Leonardo is leading in many sectors.

Leonardo was the world’s number one civil helicopter manufacturer in terms of value in 2018 with a 40% market share, a 7% increase on 2017.

Leonardo continues to play a major role in the Malaysian helicopter market expanding its presence and increasing its capabilities through a continued plan of investment. With a regional hub for Customer Support and Training near Kuala Lumpur, Leonardo has been present in the region for many years with hundreds of helicopters performing missions such as offshore and passenger transport, utility, homeland security, law enforcement, search and rescue, emergency medical services, maritime patrol, military naval roles and armed reconnaissance. Additionally, Leonardo is providing a range of security and defence capabilities to the Malaysian government and products, such as air traffic control systems to commercial customers.

  • Training Academy expected to be completed in 2020 to deliver the widest scope of ground/flight training for pilots, cabin crews and maintainers
  • World’s first AW609 tiltrotor and first US AW169 helicopter Full Flight Simulators plus advanced digitalized services
  • Strong commitment to crew safety, mission effectiveness, customer proximity and advanced services, in line with Company’s Industrial Plan

Atlanta, 5th March 2019 – Leonardo announced today at Heli-Expo 2019 a substantial reinforcement of its helicopter training capabilities and services in the USA with the establishment of a new Training Academy within its production facility in Philadelphia. The new purpose-built campus is expected to be completed in 2020. With a 65 million USD multiyear investment, the new Training Academy will meet the increasing demand for comprehensive training services for pilots, cabin crew and maintenance technicians as the North and Latin America helicopter fleet grows. In 2018 over 10,000 students have been trained by Leonardo worldwide.
The Training Academy will also introduce a full set of dedicated services for the global customers of the AW609 tiltrotor, as mass production starts ahead of FAA civil certification, and the first US AW169 light intermediate helicopter Full Flight Simulator, both developed in collaboration with CAE and based on the CAE 3000 Series FFS. The Training Center will also host Rotorsim USA, a Leonardo-CAE joint venture which has delivered nearly 250,000 training hours for Leonardo helicopters products.
The 60,000 square ft US Training Academy will fully mirror Italy’s Sest Calende training syllabus approach from ground to flight training, providing a one-stop-shop for digitalized course, flight, simulation, mission specific and maintenance training. This will include all new classrooms, customer lounges, AW119/AW139/AW609 Maintenance Training Bays, AW109/AW139/AW609 Virtual-Enhanced Training Devices an AW169/AW139/AW609 Level D Full Flight Simulators. The new devices will enable real-time analysis of student progress and development. This will ensure knowledge and competency of each student is continually monitored to deliver the best learning outcomes for maximized mission effectiveness and safety. Leonardo continues to be driven by a clear commitment to improve safety, crew effectiveness and customer proximity combined with the latest technology, in line with the Industrial Plan. The new facility also represents an added testament of the Company’s focus on the US as a key home market. Thousands of students will benefit from this new Training Academy across Leonardo’s rotorcraft product portfolio. The first home for tiltrotor commercial aviators, Leonardo is proving a game- changer in helicopter customer support and training.

Multiple GBAS Firsts for Esterline and Leonardo.

Heli-Expo, March 4, 2019 – Esterline’s CMC Electronics (CMC) business unit and Leonardo are pleased to announce that Leonardo’s AW189 P5 prototype successfully completed multiple GBAS GLS approaches at the Zurich Airport in late 2018 using the CMA-6024 GPS/SBAS/GBAS Landing System Sensor Unit (GLSSU) as the precision approach sensor.

Leonardo’s pioneering achievement has led the way towards certifying GBAS GLS precision approach for helicopters. It also marks one of the first successful GBAS GLS approaches completed by a helicopter.

Michel Potvin, President, Esterline Avionics Systems, said: “We are proud of this latest milestone and confident that Leonardo and other customers will appreciate the CMA-6024’s exceptional performance, reliability, versatility and ease of installation.”

Built on the success of the CMA-5024 GLSSU, CMC’s CMA-6024 is the next evolutionary step forward that adds a complete GBAS/GLS solution to helicopters but also to all aircraft types. The CMA-6024 delivers a high-reliability satellite-based augmentation system (SBAS) and ground-based augmentation system (GBAS) precision approach solution.

As a self-contained, ARINC 743C SBAS/GBAS compliant solution, the CMA-6024 requires no specialized installation or integration support. The CMA-6024, features an embedded VHF data broadcast (VDB) receiver and is a complete, self-contained, fully certified GBAS GLS precision approach and navigation solution, and is certified to design assurance level A (DAL-A).

As an ARINC-743C SBAS sensor, the CMA-6024 provides both a SBAS navigation solution that is fully compliant with Automatic Dependent Surveillance-Broadcast (ADS-B) and required navigation performance (RNP) and also offers a SBAS precision approach guidance solution with localizer performance/localizer performance and vertical guidance (LP/LPV).

The CMA-6024 is a ruggedized sensor that meets or exceeds the most stringent environmental requirements set out in RTCA/DO-160G and goes further to meet additional requirements for both civil and military helicopters, air transport, military trainers and other challenging applications.

The CMC Electronics (CMC) brand within Esterline Avionics Systems (www.esterline.com/avionicssystems) has achieved an international reputation for innovation and excellence in the design and manufacture of electronics products for the military and commercial aviation markets. The company’s focus is on delivering innovative cockpit systems integration and avionics solutions to its customers worldwide. CMC is a wholly-owned subsidiary of Esterline Corporation (NYSE:ESL, www.esterline.com), a specialized aerospace and defense company headquartered in Bellevue, WA, that employs over 12,000 people worldwide.

PRESS RELEASE – Rome, 20 December 2018

Leonardo: Sakhalin Energy signs AW189 contract for modern long range helicopter transport supporting Oil&Gas industry in Russia.

• The contract includes the supply of three AW189s with deliveries expected to start in the 1Q2020

• The order confirms the competitiveness of Leonardo’s modern product range in the Oil&Gas market and further strengthens the success of the new generation AW189 in Russia and globally

• Over 60 AW189s in service worldwide, 11 in Russia, with more than 45,000 flight hours logged to date

Leonardo announced today the signing of a contract with Sakhalin Energy Investment Company Ltd. (“Sakhalin Energy”) for the supply of three AW189 super medium twin engine commercial helicopters. The aircraft will be used to perform transport operations from Sakhalin Island in Russia supporting the Oil&Gas industry, with deliveries expected to start in the 1Q2020. The contract was signed in Moscow today by Gian Piero Cutillo, MD Leonardo Helicopters, and Roman Dashkov, CEO of Sakhalin Energy.

“This latest order confirms the competitiveness of Leonardo’s modern product range in the Oil&Gas market and further strengthens the success of the AW189 in Russia and globally thanks to its performance, new design, latest certification standards and cost effectiveness for the mission. We’re confident the AW189 will allow Sakhalin Energy to perform a quantum leap forward in operational capabilities”, said Gian Piero Cutillo, MD Leonardo Helicopters.

Roman Dashkov, CEO of Sakhalin Energy, said: “It is symbolic that we are finishing this year with such an important event as signing of the contracts for delivery and maintenance of three helicopters to provide the transportation of the company staff to the remote facilities of ‘Sakhalin Energy’. This chain of cooperation is beneficial to all the participants. The direct consequences of that are: safe air transportation, reliable service of offshore oil and gas objects in adverse natural and climatic conditions of Sakhalin shelf. This is the step forward both for Russian industry and for international cooperation.”

PRESS RELEASE – 30 November 2018.

Leonardo: Mitsui Bussan Aerospace of Japan signs four-helicopter contract.

  • Order by official distributor of the AW169, AW139 and AW189 types in Japan.
  • Leonardo is the leader in the new generation light-intermediate, intermediate and super medium segments.
  • Japan has around 130 Leonardo helicopters performing a wide range of missions.

Leonardo and Mitsui Bussan Aerospace, the official distributor in Japanfor the AW169, AW139 and AW189 helicopter models, announced yesterday a contract for four additional aircraft during an official ceremony held at the Japan Aerospace 2018 exhibition.

This contract further strengthens the partnership between Leonardo and Mitsui, and is a key factor in the continued growth of Leonardo’s fleet in the country where the AW139 is the best-seller in its segment. The AW169 light intermediate and the AW189super medium twin-engine helicopters are the most successful new generation models in their class worldwide, paving the path for a further growth also in Japan.

Last March, Mitsui Bussan Aerospace and Leonardo renewed their Distributorship Agreement for three years. The partners also renewed a Basic Ordering Agreement to increase spare parts stock, further strengthening customer support services.

The AW139 has proven extremely successful in Japan. It performs a number of public utility roles including search and rescue and coast guard duties with the Japan Coast Guard; law enforcement, firefighting and disaster relief with the Japan National Police Agency, Tokyo Metropolitan Police and Fire and Disaster Management Agency; as well as supporting several prefectures and city authorities.

Around 130 Leonardo helicopters of various models are in service in Japan today performing a wide range of missions including law enforcement, emergency medical service, search and rescue, firefighting, disaster relief, VIP/corporate transport, electronic news gathering and naval utility.

Leonardo Japan headquarters, based in Tokyo, has been supporting the company’s growing helicopter business in the Country since 2008. The Japanese turbine helicopter market shows significant potential in the next few decades to replace ageing fleets with modern technology and up to 30 new units could enter the market every year. With nearly 25 years of maintenance services supplied through a growing support network nationwide, also including the forthcoming setup of helicopter MRO (Maintenance, Repair and Overhaul) capabilities in Mt. Fuji Shizuoka Airport, Leonardo is set to strengthen the level of service in the future.