Transactions
Steven Earle, the principal of Gravitas Aviation Limited, completed the following DHC- 6 Twin Otter aircraft and operations related transactions either as principal or on behalf of the indicated client/partners:
Aircraft Transactions:
2018
- Gravitas purchase of MSN 046 from SAP of the Dominican Republic
2017
- Gravitas sale of MSN 539 to Canadian Lessor
- Gravitas sale of MSN 623 to Canadian Lessor
- Gravitas overhaul and sale of MSN 726 to Mustique operator
- Gravitas overhaul and sale of MSN 164 to French skydive operator
- Gravitas purchase of MSN 779 from Canadian mining company Sherrit International
- Gravitas purchase of MSN 721 from Canadian mining company Goldcorp.
- Gravitas delivery of MSN 779 to Harbour Air Ltd.
- Gravitas delivery of MSN 721 to private Canadian operator
2016
- Gravitas' sale of DHC-6 MSN 368 to Sub of Canadian mining company
- Gravitas' Purchase of DHC-6 MSN 726 from Star Mountain Aviation
- Gravitas' Management of lease return and overhaul of DHC-6 MSN 164
- Gravitas' Purchase of DHC-6 MSN 831 from SkyQuest International
- Gravitas' Sale of DHC-6 MSN 831 to Unity Group Ltd.
- Gravitas' Purchase of DHC-6 MSN 015 from Dilkara Leasing LLC
- Gravitas' Purchase of DHC-6 MSN 623 & MSN 539 from Air Seychelles
2015
- Gravitas' sale of DHC-6 MSN 244 to RUAG Aviation in Bern, Switzerland.
- Gravitas' sale of DHC-6 MSN 768 To TMA in Male, Maldives
- Gravitas' Purchase of DHC-6 MSN 368 & MSN 687 from PGR of Mexico
- Gravitas' Sale of DHC-6 MSN 687 to Canadian leasing Company
2014
- Gravitas' acquisition of DHC-6 MSN 276 for Maldivian operator
- Gravitas' purchase of DHC-6 MSN 226 from Air Tindi Ltd.
- Gravitas lease of DHC-6 MSN 226 to Aerostar Bravo Ltd.
- Gravitas' purchase of DHC-6 MSN 244 from South America
2013
- Gravitas' sale of DHC-6 MSN 045 to Ikhana Group Inc.
- Gravitas' sale of DHC-6 MSN 286 to Berry Aviation Inc.
- Gravitas' sale of DHC-6 MSN 429 to Corvaire LLC (Rampart Aviation LLC)
- Gravitas' purchase of DHC-6 MSN 768 from Anglo Celtic
- Gravitas' acquisition of DHC-6 MSN 358 for Maldivian Operator
- Gravitas' purchase of DHC-6 MSN 164 from GK Investco
2012
- Gravitas' purchase of DHC-6 MSN 286 from NEOS
- Gravitas' 3 yr lease of DHC-6 MSN 239 to SVG Air of St. Vincents
- Gravitas' short term lease of DHC-6 MSN 239 to Aerodynamics Inc.
- Gravitas' short term lease of DHC-6 MSN 045 to Aerodynamics Inc.
- Gravitas' purchase of DHC-6 MSN 239 from Carson Helicopters Inc.
- Gravitas' purchase of DHC-6 MSN 045 from Carson Helicopters Inc.
2011
- Gravitas' sale of MSN 560 to Avmain SA (Ecuadorian Air Force)
- Gravitas' purchase of 1964 DHC-2T Beaver for lease to local operators
- Gravitas' purchase of MSN 560 from Unity Group for total rebuild and re-sale
- Gravitas' sale of MSN 493 to Rocky Mountain Aviation
- Gravitas' lease of MSN 429 to Rampart Aviation LLC
2010
- Gravitas' sale of MSN 355 to Alkan Air Ltd. of Whitehorse Yukon Territories
- Gravitas' purchase of MSN 355 from Transport Canada
- Gravitas' purchase of MSN 493 from the US Dept. of Energy for upgrade and lease to Gravitas Lessees
- Gravitas' purchase of MSN 429 from the US Dept. of Energy for upgrade and lease to Gravitas Lessees
- Gravitas' overhaul and sale of MSN 553 to private owner for use in the Grenadines
- Gravitas' purchase of MSN 553 from Alcoa subsidiary in Conakry Guinea, Africa
- Gravitas' overhaul and sale of MSN 838 to private owner for use in Fiji
- Gravitas' purchase of MSN 838 from Airserve International operation in Uganda
2009
- Lease for 60 mths of MSN 768 to Trans Maldivian Airways for float ops in the Maldives
- Lease of MSN 768 to Harbour Air Malta from Anglo Celtic Leasing for beta ops in Malta
- Gravitas' sale of MSN 779 to Air Partners Inc.
- Gravitas' purchase of MSN 779 from Hewlett Packard
2008
- Sale of MSN 691 to H3 for AirSea Lines
2007
- Sale leaseback of MSN 768 to Anglo Celtic Leasing Ltd. for AirSea Lines
- Sale leaseback of MSN 375 to Braken Aircraft Ltd UK by AirSea Lines
- Sale leaseback of MSN 283 to Braken Aircraft Ltd UK by AirSea Lines
- Purchase of MSN 283 by AirSea Lines from Topscore Management
- Purchase of MSN 375 by AirSea Lines fromAnglo Celtic Leasing
- Purchase of MSN 768 for AirSea Lines from BBS Aircraft
- Purchase of MSN 691 for AirSea Lines from BBS Aircraft
2006
- Purchase of MSN 375 by Anglo Celtic Leasing from Harbour Air
2005
- Purchase of 7 sets of Wipline 13000 floats from Wipaire on behalf of AirSea Lines
- Lease of MSN 283 for AirSea Lines from Topscore Management
- Lease of MSN 375 for AirSea Lines from Harbour Air Limited
Debt Transactions
2014
- US$2,350,000 loan facility for Gravitas' purchase of MSN 226
- US$2,100,000 loan facility for Gravitas' purchase of MSN 244
2013
- US$2,100,000 syndicated loan facility for Gravitas' purchase of MSN 286
- US$2,100,000 loan facility for Gravitas' purchase of MSN 768
2012
- US$2,950,000 vendor financing structure for Gravitas' purchase of MSN 045 & 239
2011
- US$700,000 loan facility for MSN 560 first stage works
2010
- CDN$2,327,000 loan facility for Gravitas Aviation purchase of MSN 355
- US$2,300,000 loan facility for Gravitas Aviation purchase of MSN 838
- US$2,200,000 loan facility for Gravitas Aviation purchase of MSN 553
- US$2,200,000 loan facility for Gravitas Aviation purchase of MSN 429
- US$1,600,000 loan facility for Gravitas Aviation purchase of MSN 493
2009
- US$2,200,000 loan facility for Gravitas Aviation purchase of MSN 779
2008
- US$12,500,000 convertible debt facility from Fortelus Ltd. for the refinancing of 4 Twin Otter aircraft for AirSea Lines
- CDN$3,800,000 equity to loan conversion facility from Anglo Celtic Leasing Limited for AirSea Lines
- US$2,200,000 loan facility from Rich Investments for AirSea Lines’ exercise of its purchase option on MSN 283
2007
- US$23,000,000 term sheet provided by Export Development Canada for the import, renovation and re-export of 14 DHC-6 Twin Otter aircraft for AirSea Lines
Equity Placements
Gravitas Aviation or its principals have completed equity funding transactions involving the following parties and amounts:
- Euro 25,000,000 equity placement for AirSea Lines operations in Greece
Clients
Below is a partial list of entities that Gravitas Aviation or its principals have worked with, advised or represented on various aviation/DHC-6 aircraft projects:
- 415453 BC Ltd. ( Canada)
- 0839773 BC Ltd. (Canada)
- AirSea Lines International (Canada) Ltd. (Canada, Greece)
- Alkan Air Ltd. (Yukon)
- Altenrhein Aviation (Switzerland)
- Anglo Celtic Leasing Ltd. (Canada)
- Avmain SA (Ecuadorian Air Force) (Ecuador)
- Berry Aviation Inc. (USA)
- Casas Capital (Canada)
- Canadian Government - Transport Canada (Canada)
- Erwin Aero International Ltd. (Canada)
- FUSETRA – European Union sponsored seaplane industry panel and research program
- Harbour Air Ltd (Canada)
- Harbour Air Malta (Malta)
- Ikhana (USA)
- Inis Management (Canary Islands)
- K-Air Charters (India)
- Kenn Borek Air (Canada)
- Kenmore Air (USA)
- Pacific Rim Aviation (Canada)
- Pegasus Aviation (Greece)
- Rampart Aviation LLC (USA)
- Rocky Mountain Aviation (Canada)
- Suzhou Xinghai International Investment Co, Ltd (China)
- SVG Air (St. Vincents & Grenadines)
- Texas Air Services (USA)
- Trans Maldivian Airways (Maldives)
- United States Government - Department of Energy (USA)
- Unity Group Inc.(Canada)
- Viking Air Ltd. (Canada)