NEWS & PRESS
PRESS RELEASE - March 8, 2017 Avpro, Inc. Signs Eight (8) Exclusive Remarketing Agreements at Heli Expo 2017March 7, 2017 - Dallas, Texas - Avpro is pleased to announce the signing of eight (8) remarketing agreements at Heli-Expo. Four (4) EMS configured EC135 P2/T2+'s and one (1) utility A109E Power with International Technology Corporation Group ("ITC"); ITC-AeroLeasing, Inc. ITC-AeroLeasing, Inc. has historically been active in the aircraft operating lease business and has built a strong reputation with private and corporate owners, operators and airlines. ITC has maintained its dominance in advising operators in acquiring Japanese governmental aircraft where the firm has an approximate 70% market share. ITC's experience and innovative approach to structuring sale-leaseback transactions provides the operator with a competitive advantage in bidding for these aircraft. www.itca.co.jpAvpro's Managing Partner, Bob Rabbitt, states, "these new remarketing listings are a result of Avpro's commitment and dedication to serve helicopter clients and represent them in the preowned helicopter market." In addition, Avpro entered exclusive remarketing agreements on a Sikorsky S76C+ and an S92A with two major financial institutions as well as an Agusta Grand with an undisclosed Middle Eastern Client. Avpro has closed three (3) rotary transactions since the beginning of 2017. Avpro, Inc. is a leading fixed and rotary wing with decades of combined corporate and utility aircraft sales and consulting experience, Avpro is one of the largest international aircraft brokerage and consulting firms in the world. Our dedication to PERFORMANCE, INTEGRITY, and REPUTATION has resulted in gross annual sales in excess of $1.5 billion with an average of 90-100 corporate and utility aircraft sales transactions per year. www.avprojets.com
Performance. Integrity. Reputation.Avpro, Inc. was formed in 1991 by Don Bass, Chris Ellis and Bob Rabbitt. As Managing Partners of Avpro, they continue to be directly involved in all facets of the sales and acquisitions processes. Avpro is the largest corporate aircraft brokerage and acquisition firm worldwide averaging $1 billion in retail sales annually, typically involving more than 100 transactions per year. Avpro was one of the leaders in changing the traditional role of an aircraft broker into one whom consults and educates their clients with an information driven approach.
With the sale of our Gulfstream IV and Falcon 50 now complete, I wanted to send you a brief note to thank you for a job well done. Avpro did a tremendous job of timing the sale of our existing aircraft to coincide with the delivery of our new Gulfstream V and Falcon 2000 and structuring the transactions to achieve a like-kind exchange. It was a pleasure working with you, and you can be assured Crown Cork will use Avpro in the future when we decide to buy or sell an aircraft.