Canadian Helicopters declares monthly dividends
Source: Canadian Helicopters, 28-Mar-12
Canadian Helicopters Group Inc. (“Canadian Helicopters”) (TSX: CHL.A CHL.B) announced today that its Board of Directors has declared monthly dividends of $0.091875 per Common Share and Variable Voting Shares, payable on each of May 15, 2012, June 15, 2012 and July 13, 2012 to holders of record at the close of business April 30, 2012, May 31, 2012 and June 29, 2012, respectively. The [...]
Canadian Helicopters to release Q4 results on 27th March after market close
Source: Canadian Helicopters, 20-Mar-12
Canadian Helicopters Group Inc. (“Canadian Helicopters”) (TSX: CHL.A, CHL.B) will release its fourth quarter results ending December 31, 2011, on Tuesday, March 27, 2012, after market close. The Canadian Helicopters Group Inc. conference call will take place Wednesday March 28, 2012 at 11:00 a.m. (ET) to review the financial results. To participate in this conference [...]
PHi announces results for year to 31 December 2011
Source: PHi, 14-Mar-12
PHI, Inc. (“PHI”) (the nasdaq global market:PHII (voting) PHIIK (non-voting)) today reported financial results for the year ended December 31, 2011. Oil and Gas operating revenues increased $10.0 million, related primarily to increased heavy aircraft flight hours and revenues. This increase was offset in part by a decrease in revenues for light and medium aircraft. [...]
Air Methods reports FY2011 results and FY2012 Q1 update
Source: Air Methods, 01-Mar-12
Air Methods Corporation (Nasdaq:AIRM), the global leader in air medical transportation, reported revenue and net income for the year and fourth quarter ended December 31, 2011. For the year, revenue increased 18% to $660.5 million compared to $562.0 million in the prior year. Net income increased 9% to $46.6 million, or $3.63 per diluted share, [...]
Air Methods to report Q4 and FY2011 numbers 29th February
Source: Air Methods, 26-Feb-12
Air Methods Corporation (Nasdaq:AIRM) will report financial results for the fourth quarter ended December 31, 2011 after the close of the market on Wednesday, February 29, 2012. The Company has scheduled a conference call for Wednesday, February 29, 2012 at 4:15 p.m. Eastern to discuss these results. Interested parties can access the call by dialing [...]
UTair Engineering expect 2012 revenues to exceed 4 billion rubles
Source: UTair, 24-Feb-12
Board of Directors of “UTair-Engineering” summed up the activities for the period 2011 and considered the draft business plan for 2012. In 2011 the company carried out daily support up to 290 helicopters in the amount of linear and time-consuming maintenance in Russia and abroad, which exceeded the 2010 figure by 15%. According to the plan [...]
Great Slave Helicopters acquires Northern Air Support
Source: Discovery Air, 21-Feb-12
Discovery Air subsidiary, Great Slave Helicopters Limited (GSH) announced today that it has expanded into British Columbia with the purchase of its newest subsidiary Northern Air Support (NAS) pending approvals from the regulatory authorities. NAS is a profitable, safety-oriented helicopter charter company that has been serving its mining, forestry and oil and gas seismic clients [...]
Hillsboro Aviation makes purchase to grow Bell service
Source: Hillsboro Aviation, 12-Feb-12
To expand its parts sales capabilities and its support of Bell medium helicopters, Hillsboro Aviation has purchased the tooling and equipment of the Heli-Trade Corporation and is offering for sale its complete line of parts, Bell 205 fuselages and STCs. Founded in 1957, Heli-Trade Corporation has been the worldwide industry leader in maximizing safety and [...]
Sikorsky not for sale, scoffs UTC
Source: Westfair Online, 05-Feb-12
A senior United Technologies Corp. executive scoffed at any rumors UTC might put Sikorsky on the block, but said UTC could auction off “non-core” units as it scrapes together cash to pay for its pending acquisition of Goodrich (see full story)
Erickson Air-Crane postpones IPO
Source: Renaissance Capital, 05-Feb-12
Erickson Air-Crane, which manufactures S-64 heavy-lift helicopters for government and commercial use, postponed its IPO on Wednesday. The Portland, OR-based company, which had been on the calendar for next week, booked $147.3 million in sales for the 12 months ended 9/30/11. Stifel Nicolaus Weisel was set to be the lead underwriter on the deal.
Kaman announces date for Q4 and full-year 2011 earnings
Source: Kaman, 04-Feb-12
Kaman Corp. (NASDAQ-GS: KAMN) announced today that it will report its fourth quarter and full year 2011 results after the stock market closes on Monday, February 27, 2012 and host a live webcast and conference call at 8:30am ET on Tuesday February 28th, 2012. The call will last approximately one hour. The call will be [...]
Bristow Group announces quarterly dividend
Source: Bristow Group, 04-Feb-12
Bristow Group Inc.(NYSE: BRS), the leading provider of helicopter services to the offshore energy industry, announced today that its Board of Directors has declared a quarterly dividend of $0.15 per share of common stock issued and outstanding at the close of business onMarch 1, 2012 (the “Record Date”). The dividend will be payable on March 15, 2012 to stockholders of [...]
Bristow reports numbers for 2012 Q3 and nine months to 31-Dec-11
Source: Bristow Group, 03-Feb-12
Bristow Group Inc. (NYSE: BRS) today reported net income for theDecember 2011 quarter of $25.5 million, or $0.70 per diluted share, compared to net income of $41.8 million, or$1.13 per diluted share, in the same period a year ago. Adjusted net income, which excludes special items and asset disposition effects, was $27.8 million, or $0.76 per diluted share, for the December 2011 quarter, an increase from$26.3 million, [...]
Exchange Income Corp completes acquisition of Custom Helicopters
Source: Exchange Income Corp, 02-Feb-12
Exchange Income Corporation (TSX:EIF) (the “Corporation”), announced today the successful completion of its acquisition of Custom Helicopters Ltd., a provider of helicopter-based aviation services in Manitoba and Nunavut. The acquisition was first announced on January 12, 2012. The Corporation paid a total purchase price of $29 million, of which $4.3 million was paid through the issuance of 170,121 common [...]
Erickson Air-Crane sets IPO price
Source: HeliHub.com, 31-Jan-12
20 months after first mooting the idea of an Initial Public Offering, Erickson Air-Crane yesterday made a new filing with the NASDAQ stock exchange with a share price guidance in the range of $13 to £15 each. The company is selling 5.35 million shares, which would raise between $69.5 million and $80 million, in line [...]
Northstar Aerospace warns of imminent “going concern” issue
Source: Northstar Aerospace, 30-Jan-12
CHICAGO, ILLINOIS – January 29, 2012, Northstar Aerospace, Inc. (NAS:TSX) (the “Corporation”) announced today that it has received a notice from a major customer claiming breach of its obligations under certain contracts. This notification demands that the Corporation must cure such breach or otherwise resolve the claims within ten days. The Corporation is evaluating the [...]
Kaman to transfer listing to NYSE
Source: Kaman, 29-Jan-12
Kaman Corporation, a leader in the aerospace and industrial distribution markets, announced today that it is transferring the listing of its common stock to the New York Stock Exchange (NYSE) from the NASDAQ Global Select Market (NASDAQ). The Company expects to begin trading on the NYSE on February 7, 2012 under its current ticker symbol [...]
New Zealand – Helipro buys fixed wing school from liquidator
Source: SunLive, 25-Jan-12
Tauranga’s only flight school Bay Flight will re-open its doors on February 1st after being purchased by Palmerston North based company Helipro. Staff and members of the operations team are back on site at the flight school after the sale was finalised last Friday. (see full story)
CHC hold FY2012 Q2 earnings conference call
Source: CHC, 17-Jan-12
CHC hosted a conference call to discuss second quarter results on Wednesday, January 11, 2012 at 5:00 p.m. EST. Click here for the call transcript. Click here to listen to the recording. The call recording requires the Network Recording Player media player. To download the Network Recording Player, clickhere. To download a copy of the PowerPoint presentation, please click here. About CHC CHC Helicopter is the [...]
Northrop Grumman announces webcast/concall for Q4 and full FY2011 results
Source: Northrop Grumman, 13-Jan-12
Northrop Grumman Corporation (NYSE:NOC) will announce its fourth quarter 2011 and year-end 2011 financial results on Wednesday, Feb. 1, 2012. The company’s conference call will be held at 9:30 a.m. ET the same day. Wes Bush, chairman, chief executive officer and president, and Jim Palmer, chief financial officer, will review fourth quarter and 2011 results [...]
Bristow Group announces FY2012 Q3 concall schedule
Source: Bristow Group, 13-Jan-12
Bristow Group Inc. (NYSE: BRS), the leading provider of helicopter services to the offshore energy industry, announced today it will release financial results for its fiscal year 2012 third quarter ended December 31, 2011, after the market closes on Thursday, February 2. In conjunction with the release, Bristow has scheduled a conference call, which will be [...]
Canada: Custom Helicopters sold for $29 Million
Source: Exchange, 12-Jan-12
Exchange Income Corporation (TSX: EIF) (“Exchange” or the “Corporation”), announced today that it has signed a letter of intent to acquire the operations and assets of Custom Helicopters Ltd., a privately-owned provider of helicopter-based aviation services in Manitoba and Nunavut. The acquisition is valued at $29 million, and will be paid through a combination of cash and [...]
Ranger International buyout recognized as Deal of the Decade
Source: Ranger International, 12-Jan-12
Ranger International Services Group, a private equity consolidator specializing in technical services, has been honored by The M&A Advisor magazine for its acquisition of US Logistics. The merger of US Logistics into Ranger International was deemed one of the “Deals of the Decade” by an independent panel that reviewed 389 nationwide finalists in each of [...]
CPI Aero to present at Noble Financial Capital Markets conference
Source: CPI Aero, 11-Jan-12
CPI Aerostructures, Inc. (“CPI Aero®”) (NYSE Amex: CVU) today announced that its President & CEO, Edward Fred, will present at the Noble Financial Capital Markets Eighth Annual Equity Conference on Tuesday, January 17, 2012 at 10:30 am ET at the Hard Rock Hotel & Casino, in Hollywood, FL. Investors will be able to access the [...]
AAR Corp proposes $175M of Senior Unsecured Notes
Source: AAR, 11-Jan-12
AAR CORP. (NYSE: AIR) announced today that it intends to commence an offering of $175,000,000 in aggregate principal amount of senior unsecured notes due 2022 (the “Notes”) in a private placement to eligible purchasers. The Notes will be senior obligations of AAR CORP. (the “Company”) and will be guaranteed by the Company’s existing domestic subsidiaries. The Company intends [...]
Sri Lanka – Singapore firm makes strategic investment in Deccan Aviation Lanka
Source: Sunday Times, 08-Jan-12
The changing of the stake happened in October last year, Suren Mirchandani, Vice Chairman of the company, told the local press, also revealing that, “we have an agreement with Deccan Charters to use the same name (Deccan) until such time we are ready to re-brand.” (see full story)
Era Group enters revolving credit facility
Source: Era Group, 04-Jan-12
Era Group Inc. (“ERA”), one of the largest helicopter operators in the world, and a wholly owned subsidiary of SEACOR Holdings Inc. CKH -0.61% (“SEACOR”) today announced it entered into a $350 million senior secured revolving credit facility. Under the terms of the facility, ERA has the ability to borrow up to $350 million. As [...]
Ruedi Hafen sells Niagara Helicopters
Source: St Catherines Standard, 02-Jan-12
“It was something that has been in the process for quite awhile,” said vice-president Anna Pierce, adding further details will be made public in the new year. “The same team is still going to be here. It will mean a lot of cost savings for us.” (see full story)
Air Methods completes restatement of financial statements
Source: Air Methods, 23-Dec-11
Air Methods Corporation (Nasdaq:AIRM), the largest air medical transportation company in the world, announced today that it has completed the restatement of its financial statements for the year ended December 31, 2010 and for the first three quarters of 2011, and has filed amended annual and quarterly reports for the applicable periods with U.S. Securities [...]
South Africa – Eurocopter’s help for ATE headed for court
19-Dec-11
The shareholder and creditors of aerospace company Advanced Technologies and Engineering (ATE) are headed for court on a business rescue plan which would see Eurocopter take a 99.99% stake. The plan was adopted by 99.72% of creditors but crucially the shareholders voted against it. (see full story)
Erickson Air-Crane amends stock offering
Source: Mail Tribune, 07-Dec-11
Erickson Air-Crane put its best foot forward Monday, reaffirming its initial public offering efforts more than 18 months after saying it hoped to raise $75 million from investors. (see full story)
REACH Air Medical Services expands through merger
Source: REACH, 06-Dec-11
REACH Air Medical Services and Cal-Ore Life Flight announce the merger of the two privately-held companies, creating the most comprehensive network of medical air and ground transportation in the Western United States. REACH, with 13 helicopter bases and one airplane base, and Cal-Ore, with two airplane and two ground ambulance bases, have been collaborators in [...]
AgustaWestland completes 609 tiltrotor programme acquisition
Source: AgustaWestland, 29-Nov-11
AgustaWestland, a Finmeccanica company, is pleased to announce that it has finalised the transaction with Bell Helicopter Textron for the acquisition of the 609 tiltrotor programme. All legal and regulatory approvals have now been successfully completed. The development of the AW609 tiltrotor programme is now moving forward under full AgustaWestland control with civil certification expected [...]
Air Methods receives SEC guidance on accounting for aircraft leases
Source: Air Methods, 23-Nov-11
Air Methods Corporation (Nasdaq:AIRM) announced today that the Company will restate its financial results after receiving a response from the U.S. Securities and Exchange Commission (SEC). The SEC responded to the Company’s previous request for guidance concerning the appropriate GAAP interpretation of the maximum amount that the Company could be required to pay as described [...]
Canadian Helicopters reports Q3 results to 30th September 2011
Source: Canadian Helicopters, 17-Nov-11
Canadian Helicopters Group Inc. (TSX: CHL.A, CHL.B) (“the Company”), an international provider of helicopter transportation and related support services, today announced its financial and operating results for the third quarter ended September 30, 2011. These results reflect the acquisition of Helicopters (N.Z.) Limited, (“HNZ”) on July 7, 2011. The results also reflect Canadian Helicopters’ conversion [...]
Canadian Helicopters declares monthly dividends
Source: Canadian Helicopters, 17-Nov-11
Canadian Helicopters Group Inc. (“Canadian Helicopters”) (TSX: CHL.A, CHL.B) announced today that its Board of Directors has declared monthly dividends of $0.091875 per Common Share and Variable Voting Shares, payable on each of February 15, 2012, March 15, 2012 and April 13, 2012 to holders of record at the close of business January 31, 2012, [...]
Air Methods falls foul of NASDAQ rules
Source: Air Methods, 17-Nov-11
Air Methods Corporation (Nasdaq:AIRM) announced today that on November 11, 2011, the Company received a letter from the Nasdaq Stock Market stating that the Company is not in compliance with Nasdaq Listing Rule 5250(c)(1). The Company anticipated receiving such letter because, as previously disclosed, the Company’s Quarterly Report on Form 10-Q (the “Form 10-Q”) for the quarter ended September [...]
CHC receive $80M to date of promised $100M
Source: CHC, 13-Nov-11
CHC Helicopter said that its owner, First Reserve Corp., has delivered $80 million against a commitment of an additional $100 million in equity in the global helicopter-services company. CHC announced the planned investment in September, a move intended to help fund continued expansion in the midst of strong industry growth. According to CHC, the balance [...]
HAL hands over dividend cheque
Source: HAL, 12-Nov-11
The Hindustan Aeronautics Limited (HAL) has handed over a final dividend cheque for Rs. 123.17 crores for the year 2010-11 to the government. This is in addition to the interim dividend of Rs. 299.95 crores paid in February 2011, and the total dividend for the year works out to Rs. 423.12 crores (351.13 per cent [...]
Bristow Group announces quarterly dividend
Source: Bristow Group, 11-Nov-11
Bristow Group Inc. (NYSE: BRS), the leading provider of helicopter services to the offshore energy industry, announced today that its Board of Directors has declared a quarterly dividend of $0.15 per share of common stock issued and outstanding at the close of business on November 18, 2011 (the “Record Date”). The dividend will be payable on December 12, 2011 to stockholders [...]
Russian Helicopters reports first-half figures
Source: Russian Helicopters, 11-Nov-11
According to 1H2011 consolidated audited financial results Russian Helicopters’ revenue reached 42,4 billion Rubles [$1.39B at today's prices]. The Company first time publishing its half year financial audited IFRS results. Operational profit amounted to 17,3 billion Rubles [$567M]. The net profit of the Company almost reached 2,8 billion Rubles [$92M]. And the EBITDA equaled to [...]
Canadian Helicopters to release Q3 results on 14th November
Source: Canadian Helicopters, 10-Nov-11
Canadian Helicopters Group Inc. (“Canadian Helicopters”) (TSX: CHL.A, CHL.B) will release its third results ending September 30, 2011, on Monday November 14, 2011, after market close. The Canadian Helicopters Group Inc. conference call will take place Tuesday November 15, 2011 at 11:00 a.m. (ET) to review the financial results. To participate in this conference call, [...]
Air Methods Reports 3Q2011 Results and 4Q2011 Update
Source: Air Methods, 10-Nov-11
Air Methods Corporation (Nasdaq:AIRM) reported results for the quarter ended September 30, 2011. Revenue increased 20% to $185.2 million from $153.9 million in the year-ago quarter. For the nine-month period, revenue increased 14% to $467.2 million, up from $411.6 million in the prior-year nine-month period. For the quarter, net income decreased slightly to $18.5 million, [...]
Eurocopter to help save South African defence company
09-Nov-11
Eurocopter has confirmed that it is willing to contribute to the attempt to save South African aerospace and defence company Advanced Technologies & Engineering (ATE), which is in serious financial difficulties. Eurocopter is a major creditor of ATE (Full story) Photo from Eurocopter brochure shows EC635 destined for Iraqi Air Force on test flight with [...]
PHi reports results for nine months to 30th September
Source: PHi, 08-Nov-11
PHI, Inc. today reported financial results for the quarter ended September 30, 2011. Oil and Gas segment revenues were $96.6 million for the quarter ended September 30, 2011, compared to $89.8 million for the quarter ended September 30, 2010, an increase of $6.8 million. Flight hours were 29,901 for the current quarter compared to 30,119 [...]
Bristow reports results for six months to 30th September
Source: Bristow Group, 08-Nov-11
Bristow Group Inc. (NYSE: BRS) today reported net income for the September 2011quarter of $2.7 million, or $0.07 per diluted share, compared to net income of $38.9 million, or $1.06 per diluted share, in the same period a year ago. Adjusted net income, excluding non-cash asset impairment charges of $27.3 million and asset disposition effects, for the September 2011 quarter was $23.3 million, or $0.63 per diluted share, compared [...]
HAL prepares for share listing
Source: Money Control, 04-Nov-11
Hindustan Aeronautics Ltd, HAL for short, has started to work with merchant bankers on a placement of shares – an IPO as it’s known in banking circles. (See full story)
Kaman acquires Vermont Composites
Source: Kaman, 03-Nov-11
Kaman Corporation (nasdaq-gs:KAMN) today announced that its subsidiary, Kaman Aerospace Group, Inc., has entered into an agreement to acquire Vermont Composites Inc., a leader in the design and manufacture of composite aerostructures and advanced composite medical equipment based in Bennington, Vermont. Gregory L. Steiner, President of Kaman Aerospace Group commented, “This is an excellent acquisition [...]
Bristow announces FY12 Q2 earnings release and concall schedule
Source: Bristow Group, 24-Oct-11
Bristow Group Inc. (NYSE: BRS), the leading provider of helicopter services to the offshore energy industry, announced today it will release financial results for its fiscal year 2012 second quarter ended September 30, 2011, after the market closes on Monday, November 7. In conjunction with the release, Bristow has scheduled a conference call, which will be broadcast [...]
Cassidian boosts light UAV activity by buying SurveyCopter
Source: Cassidian, 20-Oct-11
Cassidian has acquired SurveyCopter in order to increase the synergies within its light UAV segment (Unmanned Aerial Vehicle – UAV). Created in 1996, SurveyCopter is a French defence company based in France and Switzerland. Cassidian and SurveyCopter are partners since 2003. Cassidian plans to launch a new industrial pole specifically dedicated to tactical UAVs and [...]
Metro Aviation – Record revenue projections heading into its 30th year
Source: Metro Aviation, 18-Oct-11
On the heels of the first air medical EC155 completions in North America for the University of Michigan Survival Flight, Metro Aviation continues to book new aircraft completions and sign new operating customers for what will undoubtedly be a record year for business. The company has recently signed contracts to complete two new EC145 helicopters [...]
AAR announces cash dividend
Source: AAR, 12-Oct-11
AAR CORP. (NYSE: AIR) announced today that its Board of Directors at its regularly scheduled meeting declared a quarterly cash dividend of $0.075 per share to its stockholders. The dividend will be paid on November 4, 2011, to stockholders of record as of the close of business on October 24, 2011. Future cash dividends will be subject to Board of [...]
Liferaft manufacturer Winslow acquired by Goodrich
Source: Goodrich, 04-Oct-11
Goodrich Corporation (NYSE: GR) has acquired Winslow Marine Products Corporation (Winslow), a leading provider of life rafts to the corporate aviation, helicopter, and marine markets. The transaction closed on September 30, 2011. Terms of the acquisition were not disclosed. Winslow, a privately-held company, employs approximately 70 people at its Lake Suzy, Fla. facility. Founded in 1941, Winslow has a [...]
Russian Helicopters makes two acquisitions
Source: Russian Helicopters, 03-Oct-11
Russian Helicopters, the holding company controlling the Russian rotorcraft industry assets and a subsidiary of United Industrial Corporation Oboronprom, has started reforming its acquisition activities, including the processes leading to the rendering of services, delivery of equipment, materials, parts, and units – everything necessary for the business of the holding company. The reform is carried [...]
Precision Aviation Group acquires Aero Technology
Source: Precision Aviation Group, 23-Sep-11
Atlanta, GA-based Precision Aviation Group (PAG), exclusive provider of ISMRO® (Inventory Supported Maintenance Repair & Overhaul), announces the acquisition of Long Beach, CA based Aero Technology (ATI). ATI is a Global MRO Services provider of Accessories, Avionics, and Instruments to the Commercial Transport, Military and Regional Airline markets. ATI was the recipient of Boeing’s coveted Gold Supplier [...]
CHC reports on FY2012 Q1, owner commits $100M for expansion
Source: CHC, 23-Sep-11
CHC Helicopter today announced strong revenue and EBITDA growth in its fiscal first-quarter 2012, at the same time it was planning and carrying out a transformation initiative to best position the company for profitable, long-term growth. Separately, the company said its owner, First Reserve Corp., intends to invest an additional $100 million in equity in [...]
United Technologies buys Goodrich
Source: United Technologies, 22-Sep-11
United Technologies Corp. (NYSE: UTX) today announced it has reached agreement to purchase Goodrich Corporation (NYSE: GR) for $127.50 per share in cash. This equates to a total enterprise value of$18.4 billion, including $1.9 billion in net debt assumed. United Technologies expects to finance the transaction through a combination of debt and equity issuance. The equity component is expected [...]
Canadian Helicopters files business acquisition report
Source: Canadian Helicopters, 21-Sep-11
Canadian Helicopters, an international provider of helicopter transportation and related services, announced the filing of the business acquisition report (“BAR”) relating to its acquisition of the assets of Helicopters (N.Z.) Limited (including the shares of Helicopters (Australia) Pty Ltd. and other active subsidiary companies) as well as the assets of Helicopter Nominees Limited (collectively “HNZ [...]
Private equity house invests in RLC
Source: RLC, 15-Sep-11
RLC, the largest privately-held helicopter operator for the oil & gas industry in the Gulf of Mexico, today announced that it has secured a strategic investment from Sankaty Advisors, one of the nation’s leading private managers of fixed income and credit instruments. Terms of the private transaction were not disclosed. Headquartered in Broussard, Louisiana, RLC [...]
Air Methods CEO sells 14,457 shares
Source: HeliHub.com, 15-Sep-11
CEO of Air Methods Corp. Aaron D Todd sells 14,457 shares of AIRM at an average price of $61.41 a share, realising $887,804.37 – see SEC filing William P Johnson – HeliHub.com
Discovery Air FY2012 Q2 results call on Tuesday 13th
Source: Discovery Air, 08-Sep-11
Discovery Air Inc. (TSX: DA.A, DA.DB.A) (http://www.discoveryair.com) announced today that it will host an analyst call on Tuesday, September 13, 2011 at 4:00 pm ET to discuss its fiscal 2012 second quarter results. Dave Jennings, President and CEO, and Andy Min, Chief Financial Officer, will host the call. The Company is expected to report its [...]
New Zealand’s Glacier Helicopters sold
29-Aug-11
A new owner has been announced today for Totally Tourism, including the Glacier Helicopters business once co-owned by Helicopters (NZ). (See full story)
Honeywell completes Tender Offer for EMS Technologies
Source: Honeywell, 26-Aug-11
Honeywell (NYSE: HON) today announced that its wholly-owned subsidiary Egret Acquisition Corp. successfully completed the tender offer for all shares of common stock of EMS Technologies, Inc. (NASDAQ: ELMG), including the associated common stock purchase rights, at a price of $33.00 per share, without interest and net of applicable withholding taxes. The tender offer expired [...]
Guardian Mobility completes acquisition of Alakai Technologies
Source: Guardian Mobility, 21-Aug-11
Guardian Mobility announced that it has completed its acquisition of Boston-based Alakai Technologies, creating an advanced turnkey flight data monitoring solution for aircraft operators around the world. With this acquisition, initially announced on May 10, 2011, Guardian now has one of the aircraft industry’s most innovative and sophisticated product and service solutions for fleet operators. [...]
CHC announces departure of CFO
Source: CHC, 15-Aug-11
CHC Helicopter said that Rick Davis is stepping down as executive vice president and chief financial officer of the world’s largest helicopter-services company. Doug Yakola, a senior advisor at McKinsey & Co., will assume Mr. Davis’ finance responsibilities on an interim basis. The temporary change is effective immediately, though Mr. Davis will be assisting with [...]
Canadian Helicopters declares monthly dividends
Source: Canadian Helicopters, 12-Aug-11
MONTREAL, August 11, 2011 – Canadian Helicopters Group Inc. (“Canadian Helicopters”) (TSX: CHL.A, CHL.B) announced today that its Board of Directors has declared monthly dividends of $0.091875 per Common Share and Variable Voting Shares, payable on each of November 15, 2011, December 15, 2011 and January 13, 2012 to holders of record at the close [...]
Canadian Helicopters reports FY2011 Q2 results
Source: Canadian Helicopters, 12-Aug-11
Canadian Helicopters Group Inc. (TSX: CHL.A, CHL.B) (“the Company”), an international provider of helicopter transportation and related support services, today announced its financial and operating results for the second quarter ended June 30, 2011. These results reflect Canadian Helicopters’ conversion to a corporation on December 31, 2010 and the adoption, on January 1, 2011, of International Financial Reporting Standards [...]
Bristow looking for companies to buy
Source: HeliHub.com, 11-Aug-11
Bristow Group is on the hunt for companies to buy. CFO Jonathan Baliff is quoted by the Wall Street Journal as saying that the company has the biggest merger and acquisition war chest in the industry globally. He also believes that there is mounting pressures in the industry for consolidation. “It’s a very fragmented industry,” [...]
Kaman reports FY2011 Q2 Results
Source: Kaman, 10-Aug-11
Neal J. Keating, Chairman, President and Chief Executive Officer, stated, “We are very pleased with our second quarter results, which reflect continuing sales growth and improved profitability, in each of our businesses. In Industrial Distribution, we again achieved record sales and as a result of the higher volume and our focus on profitability improvement delivered [...]
CPI Aero announces results for FY2011 Q2 ended 30 June 2011
Source: CPI Aero, 10-Aug-11
CPI Aerostructures, Inc. (“CPI Aero(R)”) CVU -9.22% today announced record results for the 2011 second quarter and six months ended June 30, 2011. Second Quarter 2011 vs. 2010 — Revenue increased 38.9% to $17,426,223 from $12,544,625; — Gross margin was 24.4% compared to 26.7%; — Pre-tax income increased 14.7% to $2,094,816 compared to $1,826,254; and, — Net [...]
Bristow Group reports results for FY12 Q1 ended 30 June 2011
Source: Bristow Group, 09-Aug-11
Bristow Group Inc. (NYSE: BRS) today reported adjusted net income, excluding asset disposition effects, for the first quarter ended June 30, 2011 of $20.0 million, or $0.54 per diluted share, compared to $19.6 million, or $0.54 per diluted share, in the same period a year ago. GAAP net income for the first quarter was $21.0 million, or $0.57 per diluted share, compared to GAAP net income [...]
Air Methods feports 2011 Q2 results and gives Q3 update
Source: Air Methods, 08-Aug-11
Air Methods Corporation (Nasdaq:AIRM), the largest air medical transportation company in the world, reported financial results for the second quarter ended June 30, 2011 and provided an update on July 2011 community-based patient transports. For the quarter, revenue increased 8% from $139.2 million to $150.2 million in the current-year quarter. For the six-month period, revenue [...]
Canadian Helicopters to disclose Q2 results after market close on 11th August
Source: Canadian Helicopters, 08-Aug-11
C anadian Helicopters Group Inc. (“Canadian Helicopters”) (TSX: CHL.A, CHL.B) will release its second quarter results ending June 30, 2011, on Thursday August 11, 2011, after market close. The Canadian Helicopters Group Inc. conference call will take place Friday August 12, 2011 at 11:00 a.m. (ET) to review the financial results. To participate in this [...]
UK: Sterling Helicopters in liquidation
Source: BBC, 08-Aug-11
Accountancy firm PKF has been appointed as liquidator after creditors Toby Blackwell Limited and the EAAA have applied to court. (Full story)
Bristow Group announces quarterly dividend
Source: Bristow Group, 07-Aug-11
Bristow Group Inc. (NYSE: BRS), the leading provider of helicopter services to the offshore energy industry, announced today that its Board of Directors declared a quarterly cash dividend of $0.15per share of its common stock. The dividend will be payable onSeptember 12, 2011 to shareholders of record at the close of business on August 15, 2011. ABOUT BRISTOW [...]
