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January 1, 2010updated 12 Apr 2017 4:28pm

Return to positive demand in helicopter finance

This, according to Matthew Harvey, head of asset finance at law firm Denton Wilde Sapte, is because helicopter financing has always been a niche sector, which is particularly tied to specific industries, like the oil and gas sector

By Antonio Fabrizio

Helicopter financing has suffered the ups and downs of an unstable market, but it is expected that in 2010 and beyond there will still be a positive demand for rotorcrafts.

This, according to Matthew Harvey, head of asset finance at law firm Denton Wilde Sapte, is because helicopter financing has always been a “niche sector”, which is particularly tied to specific industries, like the oil and gas sector. As such, it is not susceptible to consumer-driven demand.

In the same way, prospects for search and rescue helicopters are rather good. In the UK, the Maritime and Coastguard Agency and the MoD are currently working on a project to jointly operate their search and rescue helicopter fleet in the future.

The project is at the final stage of a tendering process, involving two consortia (Air Knight and Soteria).

Once the preferred bidder is announced – by early 2010 – the project will focus on how to provide the new helicopters, their specification and the way of financing them.

Antonio Fabrizio

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