Mike Stones

Chipstead

Group Editor at Corporate Jet Investor

Group editor Corporate Jet Investor, Helicopter Investor, https://t.co/pezBbcAEd5 & Superyacht Investor. Private passions remain: food, farming, & flying old aircraft.

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Articles

UAE’s Golden Package aims reshape business jet market

2 weeks ago | corporatejetinvestor.com | Mike Stones

UAE’s Golden Package aims reshape business jet marketThe UAE's Golden Package of measures aims to boost business aviation. The United Arab Emirates (UAE) has launched a “Golden Package” of measures and legal reforms designed to establish the country as the premier hub for private aviation.
HI Uplift: GD Helicopter Finance marks first anniversary with €200m portfolio

3 weeks ago | helicopterinvestor.com | Mike Stones

A year after its launch, lessor GD Helicopter Finance (GDHF) is marking its anniversary having built a €200m ($229m) lease portfolio of 16 aircraft. The lessor’s CEO Michael York thinks it’s “a pretty good start,” but is hungry for more. The business launched with an order book of 50 H160s and quickly signed with Airbus an order book for 20 H175s. A few months later GDHF again signed orders, this time with Leonardo Helicopters for 10 AW189s to go with three previously contracted AW189s.
Bristow and Sikorsky agree support deal for biggest S-92 fleet

3 weeks ago | helicopterinvestor.com | Mike Stones

Helicopter operator Bristow has signed a long-term support deal with Sikorsky covering its 60 S-92 aircraft – the world’s biggest S-92 fleet – operating worldwide. The package, covering offshore energy missions and search and rescue (SAR), includes the manufacturer’s Total Assurance Program (TAP). This provides Bristow with continued aftermarket support to operate its S-92 fleet within a known budget, designed to cut the risk of unplanned costs.
HI Uplift: Rotortrade highlights pre-owned helis (and hails German car makers)

1 month ago | helicopterinvestor.com | Mike Stones

It was billed as a breakfast meeting. But the mini pastries remained mostly untouched on Rotortrade’s stand at the Verticon trade event in Dallas, Texas last month. Of more interest was the company’s insights on the global helicopter market. Philippe Lubrano, CEO of Rotortrade wasted no time getting his teeth into the demand/supply imbalance that was shaping the market.
Heesen Yachts acquired by Dutch entrepreneur

1 month ago | superyachtinvestor.com | Mike Stones

Dutch entrepreneur and investor Laurens Last has completed the full acquisition of Heesen Yachts in a move that secures the yacht builder’s future and reinforces its commitment to innovation, craftsmanship and delivering exceptional luxury yachts, according to the company. A passionate yachtsman, Last brings wide business experience to his new role. “This acquisition is more than an investment – it’s a dream,” said Last.
HI Uplift: ITE Management acquires Thora Capital

1 month ago | helicopterinvestor.com | Mike Stones

You wait ages for a bus before two arrive at once. It’s a particularly British phrase but one that neatly describes recent acquisitions in helicopter leasing. This week, New York-based alternative investment firm ITE Management revealed its acquisition of Thora Capital – one of the largest private investment management firms focused on helicopter leasing.
Infracapital plans to acquire critical missions operator SAF Aerogroup

1 month ago | helicopterinvestor.com | Mike Stones

Infracapital plans to acquire European critical missions operator SAF Aerogroup, after signing a put option agreement from the funds managed by Oaktree Capital Management, LP and Bpifrance. The investment will enable SAF to expand its service offering of medical aerial emergency and firefighting services in France, according to Infracapital; the infrastructure equity investment arm of M&G Plc and Vesper Next Generation Infrastructure Fund.
CHC Brazil lands two new Petrobras contracts (and an award)

1 month ago | helicopterinvestor.com | Mike Stones

CHC Helicopter’s Latin American business, CHC Brazil, has won two new contracts and an operational excellence award from oil company Petrobras. The contracts are to support operations in Roncador, the offshore field in the Campos Basin, northeast of Rio de Janeiro. To fulfill the contracts, the operator will deploy two Sikorsky S92-A from Farol de São Tomé heliport – it’s fifth base of operations in Brazil. The five-year contracts will start by the third quarter of this year.
BREAKING: ITE Management to acquire Thora Capital

1 month ago | helicopterinvestor.com | Mike Stones

Alternative investment firm ITE Management has signed a purchase agreement with Thora Capital to acquire all the assets of one of the largest private investment management firms focused on helicopter leasing. Jason Koenig, co-founder and managing partner at ITE Management said: “We are excited to welcome the Thora Capital team to ITE. Both firms share a culture of disciplined investing and operational excellence.
ITE Management to acquire Thora Capital

1 month ago | helicopterinvestor.com | Mike Stones

Alternative investment firm ITE Management has signed an asset purchase agreement with Thora Capital to acquire all the assets of one of the largest private investment management firms focused on helicopter leasing. The asset acquisition grows ITE’s portfolio into “a differentiated, stable cash-flow asset class, reinforcing its leadership in transportation-based, asset-backed investments”, according to the company.