News Column

Precision Aviation Services (PAS) announces new financing plans for law enforcement and public agency aircraft upgrades

July 16, 2014

PEACHTREE CITY, Ga., July 16, 2014 /CNW/ -- Airbus Helicopters Inc. (AHI) has partnered with Precision Aviation Services and Government Capital Corp. to provide tax-exempt financing for mission equipment technology upgrades and required major maintenance for law enforcement and government-owned AS350-series helicopters.

Precision Aviation Services, of Peachtree City, Ga., AHI's newest service center, will work with AHI and Government Capital to provide aircraft systems and avionics upgrades, conduct AS350 12-year airframe inspections and install new mission equipment to enhance the performance of the older helicopters in use with public agencies.

"Many of our law enforcement customers continue to operate their aircraft beyond 10 years, and we wanted to create a new way for public agencies to pay for important mission equipment upgrades without breaking the budget," said Ed Van Winkle, AHI Sales Manager for Airborne Law Enforcement. "This innovative program will revolutionize how law enforcement agencies pay for major aircraft upgrades and inspections."

"Precision Aviation Services (PAS) is pleased to be working with Airbus Helicopters and Government Capital on this industry-leading initiative" said Adrienne Robinson, Vice President Business Development for Precision Aviation Group (PAG). "Enabling law enforcement agencies to effectively manage their operating budgets is key to performing upgrades to keep aircraft in optimal condition. Managing escalating maintenance costs, especially on larger inspections and maintenance items can be challenging. When agencies upgrade their equipment and have the latest technologies such as thermal imagers, searchlights, tactical radios, NVG cockpits, Garmin G500H systems, HELI-SAS and EGPWS, not only can they meet or exceed their operation requirements, but they also address safety and fatigue of aircraft pilots and crew."

"This new financing program allows a law enforcement agency the simplicity of bundling their needs into one tax-exempt financing agreement," said DC Greer, Vice President of Government Capital. "This allows the agency to spread payments over a period of time, creating affordability and maintaining the critical services performed by the agency."

Airbus Helicopters' AS350-series is the most widely used helicopter by U.S. law enforcement agencies with more than 220 in use across the country. Built and certified by Airbus Helicopters Inc. in Columbus, Mississippi, this cost-effective helicopter offers modern safety features, high cruise speed and range, and the ability to conduct a wide range of missions. AHI leads the U.S. market in sales of new helicopters to federal, state and local law enforcement agencies, maintaining a 56 percent market share over the last decade.

Precision Aviation Services will be exhibiting at Booth 615 during the Airborne Law Enforcement Association Conference in Phoenix, July 16-19. 

About Precision Aviation Group (PAG)

PAS is a Precision Aviation Group CompanyPrecision Aviation Group (PAG) is a leading provider of products and value-added services to the worldwide aerospace and defense industry. With nine locations and more than 185,000-square-feet of sales and service facilities in the United States, Canada and Australia, PAG uses its distinct business units and customer-focused business model to serve aviation customers through two business functions – Aviation Supply Chain – and its trademarked Inventory Supported Maintenance, Repair and Overhaul (ISMRO®).

PAG provides MRO and Supply Chain Solutions for Fixed and Rotary-wing aircraft through:  Precision Heliparts - PHP (www.heliparts.com);  Precision Aviation Services - PAS (www.pas-pag.com);  Precision Accessories & Instruments - PAI (www.precisionaccessories.com); Precision Heliparts Canada – PHP-C (www.heliparts.ca); Precision Accessories & Instruments Canada – PAI-C (www.pai-canada.com); PHP-Instruments & Accessories – PHP-IA (www.heliparts.com);   Precision Aero Technology –PAT (www.precisionaerotechnology.com) and Precision Aviation Group Australia PTY LTD – PHP-AU.  PAG subsidiaries have MRO capabilities on over 21,000 products, including accessories, avionics, hydraulics, instruments, NDT, starter/generators, and wheels/brakes (www.precisionaviationgroup.com).

For sales inquiries, please email us at helisales@pas-pag.com.

About Airbus Helicopters Inc.

Airbus Helicopters Inc. (AHI) is the U.S. affiliate of Airbus Helicopters, the largest helicopter manufacturer in the world, and a subsidiary of the Airbus Group. Airbus Helicopters Inc. is a manufacturer, markets, sells and supports the broadest range of civil and parapublic helicopters offered in the U.S. The product line represents the industry's most cost-effective, technologically-advanced helicopters serving all markets and missions. The company's headquarters and main facility are in Grand Prairie, Texas with a large manufacturing and production facility in Columbus, Miss.

About Government Capital Corporation

Government Capital Corp., located in Southlake, Texas, is a leader in providing professional financing services to local government entities. Since 1992, Government Capital and Government Capital Securities have successfully completed thousands of equipment and project financings for municipal issuers across the U.S. totalling more than $2 billion dollars. For more information:  www.govcap.com/

Precision Aviation Services.

Logo - http://photos.prnewswire.com/prnh/20140304/CL76329LOGO-b

SOURCE Precision Aviation Services


For more stories on investments and markets, please see HispanicBusiness' Finance Channel



Source: Canada Newswire


Story Tools






HispanicBusiness.com Facebook Linkedin Twitter RSS Feed Email Alerts & Newsletters