US-based Nightingale Regional Air Ambulance has announced that it now has nine fully operational sites for Instrument Flight Rules (IFR) landings across Eastern Virginia...
REVA announces recapitalisation
REVA, Inc., a US-based fixed-wing air ambulance company, recently increased its reach of operations by completing a recapitalisation effort in collaboration with three partners. REVA’s newest partners include Directional Aviation, a private aviation group, and Goldman Sachs Specialty Lending Group as a lender. In addition, The Beekman Group, a New York private equity firm that initially invested in REVA in 2012, will remain an active investor in the company.
“We are in an excellent position to achieve our near-term vision and develop the future of our industry,” said Stuart Hayman, REVA’s CEO. “We are the largest fixed-wing medical air service based in the Americas, and this recapitalisation will enhance our ability to provide top-tier service to our clients across the globe. We are thrilled to bring on a fantastic new partner in Directional Aviation and financing from GSSLG. I am excited to begin our new partnership with Directional Aviation. Directional embraces people, culture and world-class infrastructure. We are proud to be associated with the Directional Aviation family.”
Airbus has announced that the Lithuanian Air Force (LAF) has renewed its HCare Infinite material management contract for its three Dauphin AS365 N3+ SAR helicopters.
German UAS engine manufacturer Sky Power has announced that it is strengthening its collaboration with Mejzlik Propeller from the Czech Republic.
Global helicopter leasing company Waypoint Leasing Holdings Ltd has entered into an agreement to be purchased by Macquarie Group for around $650 million.
This final issue of 2018 contains an eclectic mix of articles and reports from organisations around the world