Rotortrade reports sustained 2020 results despite pandemic
Rotortrade (RT), an international distributor of helicopters, announced healthy results for 2020, reaching 27 bookings within the 12-month period, only three less than 2019
Philippe Lubrano, Rotortrade President and Senior Partner, commented on the results: “While slightly below our targets set pre-Covid, we are very satisfied with our results which show our resilience and most of all the adequacy of our business model. Having now nine locations around the world has enabled us to stay agile and close to our customers, providing global reach while sharing local knowledge and values. Having secured and delivered several helicopters internationally at the height of the global lockdowns is testament to the trust our customers place in our local teams, which is the best validation we can get.”
Last year the company had announced the opening of RT ANZ, covering Oceania from Melbourne, Australia, which has proven very successful, with several sales already logged and many new relationships formed. At the same time, the new European headquarters in the South of France, also acting as a logistics and spares hub, has enabled the company to significantly enhance its end-to-end capabilities, allowing it to provide complete helicopter and support sourcing, completion, delivery and EIS services to clients.
Record levels of medium twin helicopter sales
Aurélien Blanc, Rotortrade Managing Partner, said: “In 2020, despite the steep contraction on the heavier end of the market, we were able to deliver a few heavies and reached new record levels of medium twin helicopter sales. Deliveries continued to be well spread out around the world with a notable net gain from countries in which we are physically located. Our strategy has directly translated into positive results, without which the year may have looked very different.”
During the last year, RT expanded its global reach with the launch of RT CEE covering Central and Eastern Europe, which is off to a good start with its first delivery recorded just before year end.
Recently, the Aircraft Electronics Association released its 2020 year-end Avionics Market Report, showing total worldwide business and general aviation avionics sales for the year amounted to more than US$2.2 billion.