Toronto, Canada-based helicopter trading firm Aero Asset has launched Aero Asset Acquisitions, a vehicle dedicated to acquiring helicopters for inventory and resale, financed by 1st Source Bank.

1st Source Bank is part of 1st Source Corporation, a publicly traded financial services company headquartered in Indiana, US. Its Specialty Finance Group (SFG) specialises in aircraft financing.

“This new business unit purchases turbine helicopters, both single and twin engine, in any configuration and from any region of the world. Following purchase, it relocates and repurposes the asset as may be necessary for remarketing and sale,” says Aero Asset president Emmanuel Dupuy. “We recently closed our first acquisition, Airbus Helicopter EC135P2+ s/n 0534 out of Hong Kong. This helicopter is now on its way to the United States where it will be remarketed and sold."