Avionics Group

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When Avionics Group won a contract to supply and install the airfield lighting infrastructure for a third runway at Hong Kong’s international airport, it needed performance bonds to both secure an advance payment and to provide additional security for the life of the project. Export Finance Australia was able to help.

Founded in 2007, Avionics Group is an industry-leading aeronautical ground lighting (AGL) specialist. It predominantly works with airports in Australian capital cities and larger regional areas, as well as the defence sector.

Last year it began work on its biggest undertaking to date – Hong Kong’s 3RS Project, which involves the construction of a third parallel runway at Hong Kong International Airport. Avionics Group’s role was to supply and install all the AGL infrastructure on the airfield. It was a significant opportunity for the group and one that the Founder and Managing Director, Nick Brumley, said had been in the works for more than a decade.

“We’d tried really hard on numerous occasions over the 10 years previously to win work in Hong Kong. We’d actually decided that after 10 years this was going to be our last crack at it. So, we were very excited and relieved to be awarded the project. As it is one of the biggest construction projects in the world in 2021/22, we were thrilled to be involved.”

Avionics Group won three contracts on the project and one of them included the opportunity to receive a 30% upfront payment, given it could first provide performance bonds for the project. That’s when it was recommended to Nick by his bank that he reach out to Export Finance Australia to see if their team could help.

“We were able to secure those performance bonds from Export Finance Australia to enable the 30% payment,” Nick said. “This meant we could free up finances here in Australia to continue our projects without too much of an issue. Export Finance Australia is set up to provide this sort of help to businesses.

“I actually had no idea it even existed, so it was a nice surprise to learn about it.”

The future for Avionics Group looks exciting, with the Hong Kong project potentially opening doors to other international opportunities. “We’re certainly interested in Asia,” Nick said. “Definitely Singapore, Thailand, and other major South East Asian centres”.

We were able to secure those performance bonds from Export Finance Australia to enable the 30% payment. This meant we could free up finances here in Australia to continue our projects without too much of an issue. Export Finance Australia is set up to provide this sort of help to businesses.

Nick Brumley, Founder and Managing Director, Avionics Group