Breeze-Eastern announces Q1 results conference call
Source: Breeze-Eastern, 02-Aug-11
Breeze-Eastern Corporation (Amex: BZC) will announce its Fiscal 2012 First Quarter financial results for the period ended June 30, 2011 on August 4, 2011. In conjunction with the release, the Company will conduct its teleconference call at 11:00 a.m. EDT on Thursday, August 4, 2011 to discuss the company’s financial results for its First Quarter [...]
Air Methods closes acquisition of Omniflight Helicopters
Source: Air Methods, 02-Aug-11
Air Methods Corporation, the largest air medical transportation company in the world, announced today that it has successfully completed its acquisition of OF Air Holdings Corporation and its subsidiaries, including Omniflight Helicopters, Inc. (together, Omniflight). Omniflight provides air medical transport services throughout the United States and provides these services under both the community-based and hospital-based [...]
Air Methods announces early termination of antitrust waiting period
Source: Air Methods, 01-Aug-11
Air Methods Corporation (Nasdaq:AIRM), the largest air medical transportation company in the world, announced today that the Federal Trade Commission has granted early termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 (HSR) for its proposed transaction to acquire OF Air Holdings Corporation and its subsidiaries, including Omniflight Helicopters, Inc. (together, [...]
Honeywell extends tender offer for all outstanding shares of EMS Technologies
Source: Honeywell, 28-Jul-11
MORRIS TOWNSHIP, N.J. – July 26, 2011 – Honeywell (NYSE: HON) today announced that its wholly-owned subsidiary, Egret Acquisition Corp., is extending until 5:30 p.m., New York City time, on August 19, 2011, its previously-announced cash tender offer for all of the outstanding shares of common stock of EMS Technologies, Inc. (NASDAQ: ELMG), including the associated [...]
Bristow announces FY2012Q1 Earnings Release and Conference Call Schedule
Source: Bristow Group, 22-Jul-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 first quarter ended June 30, 2011, after the market closes on Monday, August 8. In conjunction with the release, Bristow has scheduled a conference call, which will be broadcast [...]
Air Methods provides update on Q2 results and Omniflight acquisition
Source: Air Methods, 21-Jul-11
Air Methods Corporation, the largest air medical transportation company in the world, provided an update on second quarter 2011 preliminary results, as well as a status update on pending acquisition of OF Air Holdings and its subsidiaries (together, Omniflight). Based on preliminary 2011 second quarter results, total community-based patient transports were 10,319. Patients transported for [...]
Air Methods provides update on finances and Omniflight
Source: Air Methods, 05-Jul-11
Air Methods Corporation AIRM +1.09% , the largest air medical transportation company in the world, announced today that it has successfully closed, together with its bank group, led by KeyBank National Association KEY -1.66% , a five-year Amended and Restated Credit Agreement (the Amended Credit Facility). The Amended Credit Facility is comprised of a $100 million revolving line of [...]
Eurocopter acquires 98.32% Of Vector Aerospace in C$13.00/Share cash offer
Source: Eurocopter, 30-Jun-11
Eurocopter Holding, a subsidiary of EADS (EUR:EAD), and Vector Aerospace Corporation (TSX:RNO), a Canadian corporation listed on the Toronto Stock Exchange, announced today that all of the terms and conditions of the offer by 7762798 Canada Inc. (the “Offeror”), to acquire at a price of C$13.00 in cash per share, all of the outstanding Common [...]
Honeywell commences tender offer for outstanding shares of EMS Technologies
Source: Honeywell, 29-Jun-11
Honeywell (NYSE: HON) today announced that its wholly-owned subsidiary, Egret Acquisition Corp., is commencing its previously-announced cash tender offer for all of the outstanding shares of common stock of EMS Technologies, Inc. (NASDAQ: ELMG), including the associated common stock purchase rights, at a price of $33 per share, without interest and net of applicable withholding taxes. [...]
IBQ announces $43.6M term loan facility for Gulf Helicopters
Source: International Bank of Qatar, 29-Jun-11
IBQ announced that it has extended a QR158.8m term loan facility to Gulf Helicopters Company (GHC). IBQ is the sole provider of the term loan financing to Doha-based GHC for this transaction, which will support the growth and diversification of one of the region’s leading helicopter operators. About The International Bank of Qatar (IBQ): The [...]
Air Methods CEO sells 6,500 Shares
Source: Gurufocus, 27-Jun-11
CEO of Air Methods Corp. Aaron D Todd sells 6,500 shares of AIRM at an average price of $69.45 a share.
Eurocopter and Vector Aerospace receive all regulatory approvals
Source: Vector Aerospace, 21-Jun-11
Eurocopter Holding, a subsidiary of EADS , and Vector Aerospace Corporation, a Canadian corporation listed on the Toronto Stock Exchange, announced today that all remaining regulatory approvals required to be obtained by 7762798 Canada Inc. (the “Offeror”), a wholly-owned subsidiary of Eurocopter Holding, under the Offeror’s offer to acquire at a price of C$13.00 in [...]
Chapter 11 bankruptcy proceedings for MD Helicopters sister company
Source: Multi Channel Merchant, 15-Jun-11
Signature Styles, a division of private equity firm Patriarch Partners formed two years ago to purchase Spiegel Brands, filed for Chapter 11 bankruptcy protection in the U.S. Bankruptcy Court for the District of Delaware late Monday. MD Helicopters is majority owned by Patriarch Partners. See article
EMS Technologies to be acquired by Honeywell for $491M cash
Source: EMS Technologies, 14-Jun-11
EMS Technologies (NASDAQ:ELMG), a leading provider of wireless connectivity solutions for aviation, aerospace and global resource management, today announced a definitive agreement under which Honeywell (NYSE:HON), a diversified technology and manufacturing leader, will acquire EMS in an all-cash transaction valued at approximately $491 million, net of cash acquired. Under the terms of the agreement, which [...]
Canadian Helicopters reports strong Q1 FY2011 results
Source: Canadian Helicopters, 13-Jun-11
Canadian Helicopters Group Inc. (TSX: CHL.A, CHL.B) (“the Company”), the largest helicopter transportation services company operating in Canada, today announced its financial and operating results for the first quarter ended March 31, 2011. These results are the first presented by Canadian Helicopters following its conversion to a dividend-paying corporation on December 31, 2010 and the adoption, on January 1, 2011, [...]
Canadian Helicopters Group declares monthly dividends
Source: Canadian Helicopters, 13-Jun-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 August 15, 2011, September 15, 2011 and October 14, 2011 to holders of record at the close of business July 29, 2011, [...]
Kaman Board of Directors Declares Dividend
Source: Kaman, 08-Jun-11
The Kaman Corporation board of directors today declared a regular quarterly dividend of 14 cents per common share. The dividend will be paid on July 5, 2011 to shareholders of record on June 20, 2011. Kaman Corporation, founded in 1945 by aviation pioneer Charles H. Kaman, and headquartered in Bloomfield, Connecticut conducts business in the [...]
Breeze-Eastern reports FY2011 and Q4 results
Source: Breeze-Eastern, 05-Jun-11
-Breeze-Eastern Corporation (NYSE Amex: BZC) today reported its Fiscal 2011 financial results. Net sales: $78.2 million, a company record high, versus $69.0 million for Fiscal 2010. Net income: $5.0 million, or $0.53 per diluted share, versus a net loss of ($6.0) million, or ($0.64) per diluted share, last year. Adjusted EBITDA, a “Non-GAAP Financial Measure” as [...]
Air Methods acquires parent company of Omniflight Helicopters
Source: Air Methods, 03-Jun-11
Air Methods Corporation (Nasdaq:AIRM), the largest air medical transportation company in the world, announced today that it has entered into a definitive merger agreement (the Agreement) to acquire OF Air Holdings Corporation and its subsidiaries, including Omniflight Helicopters, Inc. (together, Omniflight). Omniflight provides air medical transport services throughout the United States and provides these services [...]
Canadian Helicopters Group to release Q1 results on 9th June
Source: Canadian Helicopters, 02-Jun-11
Canadian Helicopters Group Inc. (“Canadian Helicopters”) (TSX: CHL.A, CHL.B) will release its first quarter results ending March 31, 2011, on Thursday June 9, 2011, after market close. The Canadian Helicopters Group Inc. conference call will take place Friday June 10, 2011 at 2:00 p.m. (ET) to review the financial results. To participate in this conference call, please dial one of [...]
Breeze-Eastern announces year-end Teleconference
Source: Breeze-Eastern, 29-May-11
-Breeze-Eastern Corporation (Amex: BZC) will announce its Fiscal 2011 Fourth Quarter and year-end financial results for the period ended March 31, 2011 on June 3, 2011. In conjunction with the release, the Company will conduct its teleconference call at 10:00 a.m. EDT on Friday, June 3, 2011 to discuss the company’s financial results for its Fourth [...]
Eurocopter and Vector Aerospace extend Offer to June 30
Source: Eurocopter, 26-May-11
Eurocopter Holding, a subsidiary of EADS (EURONEXT:EAD), and Vector Aerospace Corporation (TSX:RNO), a Canadian company listed on the Toronto Stock Exchange, announced today that the expiry time of the offer by 7762798 Canada Inc. (the “Offeror”), a wholly-owned subsidiary of Eurocopter Holding, to acquire at a price of C$13.00 in cash per share all of [...]
Guardian Mobility buys Alakai Technologies
Source: Guardian Mobility, 13-May-11
Guardian Mobility today announced that they have signed a binding Letter of Intent to acquire Alakai Technologies, the company that introduced Flight Data Monitoring (FDM) and Engine Trend Monitoring (ETM) systems to a broad aviation market. Combined with Guardian’s open platform satellite communications system and advanced web portal, aircraft operators now have access to greater capabilities at [...]
Goodrich completes acquisition of Microtecnica
Source: Goodrich, 13-May-11
Goodrich Corporation (NYSE: GR) has completed the acquisition of Microtecnica S.r.l. Microtecnica is a leading provider of flight control actuation systems for helicopter, regional and business aircraft, missile actuation, and aircraft thermal and environmental control systems. Total cash consideration for the acquisition was approximately 331 million Euros ($478 million at an exchange rate of 1.44). Goodrich had announced its [...]
Russian Helicopters shelve IPO
Source: HeliHub.com, 13-May-11
Russian Helicopters, has shelved its initial public offering at the London stock index this week because of a lack of demand for shares, adding to the list of Russian companies that have failed to make it in Europe. “While the IPO would serve the Russian government’s strategic vision for the industry, we are also very [...]
Bristow Group report Q4 and full year to 31 March 2011
Source: Bristow Group, 11-May-11
Bristow Group Inc. (NYSE: BRS) today reported adjusted net income, excluding special items, for the fourth quarter ended March 31, 2011 of $37.0 million, or $1.00 per diluted share, compared to $26.6 million, or $0.73 per diluted share in the same period a year ago. GAAP net income for the fourth quarter was$30.9 million, or $0.84 per diluted share. The quarter benefited from operating improvement [...]
Air Methods may be warning you. Are you listening?
Source: Motley Fool, 10-May-11
The reporter says he “often use accounts receivable and days sales outstanding to judge a company’s current health and future prospects”. See how this maps out for Air Methods compared with others in the sector
PHi announces results for Q1 ending 31 March 2011
Source: PHi, 10-May-11
PHI, Inc. (“PHI”) (The Nasdaq Global Market: PHII (voting) PHIIK (non-voting)) today reported financial results for the quarter ended March 31, 2011. Oil and Gas segment revenues for the quarter ended March 31, 2011 were $77.5 million, and operating income for the segment was $7.0 million, compared to revenues of $84.9 million and operating income [...]
Air Methods reports FY11Q1 results and Q2 update
Source: Air Methods, 05-May-11
Air Methods Corporation (Nasdaq:AIRM), the largest air medical transportation company in the world, reported financial results for the quarter ended March 31, 2011 and provided an update on April 2011 flight volume. For the quarter, revenue increased 11% to $131.9 million from $118.5 million in the prior-year quarter. Net income for the first quarter of [...]
Bristow schedules FY11 Q4 and year-end earnings release/call
Source: Bristow Group, 04-May-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 2011 fourth quarter and year-ended March 31, 2011, after the market closes on Tuesday, May 10. In conjunction with the release, Bristow has scheduled a conference call, which will be [...]
Great Slave Helicopters parent Discovery Air completes debt repayment and equity swap
Source: Discovery Air, 04-May-11
Discovery Air Inc. (“Discovery Air” or the “Corporation”) announced today that it has completed its previously announced transaction to repay approximately $13.2 million in aggregate debt owed by the Corporation to a senior officer of Discovery Air and a senior officer of Great Slave Helicopters Ltd. (“Great Slave”, a wholly-owned subsidiary of the Corporation) (the “Related Parties”). [...]
World Helicopters acquires Bond Aviation Group for €300m
Source: World Helicopters, 02-May-11
Bond Aviation Group becomes an integral part of World Helicopters, together with the Inaer Helicopter Company and Australian Helicopters. Creates the world leader in the emergency helicopter services industry. Creates a leading player in the international oil and gas helicopter services industry. World Helicopters will operate ca. 360 aircrafts (rotary and fixed wing). World Helicopters, [...]
Air Methods to report Q1 results after market close on May 5
Source: Air Methods, 28-Apr-11
Air Methods Corporation (Nasdaq:AIRM) will report financial results for the first quarter ended March 31, 2011 after the close of the market on Thursday, May 5, 2011. The Company has scheduled a conference call for Thursday, May 5, 2011 at 4:15 p.m. Eastern to discuss these results. Interested parties can access the call by dialing [...]
Discovery Air announces Can$30M public offering
Source: Discovery Air, 28-Apr-11
Discovery Air Inc. today announced that it has entered into an agreement with GMP Securities L.P. (the “Underwriter”) pursuant to which the Underwriter has agreed to purchase $30 million principal amount of convertible unsecured subordinated debentures (“Convertible Debentures”) at a price of $1,000 per debenture. Discovery Air has also granted the Underwriter an over-allotment option [...]
UK: Sister company of PremiAir Aviation and Battersea HP in administration
Source: HeliHub.com, 23-Apr-11
Two banks – Lloyds and Barclays – have called in administrators Ernst & Young on Von Essen Hotels Ltd after the company failed to make interest payments on its £250m debt. The company owns 26 luxury hotels in UK and France, including some of the finest stately homes and castles in the country including Thornbury [...]
Eurocopter Holding and Vector Aerospace mail bid materials
Source: Eurocopter, 23-Apr-11
Paris, France and Toronto, Canada – April 21st, 2011 Eurocopter Holding, a subsidiary of EADS (EUR:EAD) and Vector Aerospace Corporation (TSX:RNO) a Canadian company listed on the Toronto Stock Exchange, are pleased to announce that the formal bid circular in respect of the offer by 7762798 Canada Inc., a wholly-owned subsidiary of Eurocopter Holding, to [...]
Discovery Air clears debt to senior officer of Great Slave Helicopters
Source: Discovery Air, 21-Apr-11
Discovery Air Inc. (“Discovery Air” or the “Corporation”) announced today that it has entered into an agreement (the “Agreement”) to repay approximately $13.5 million in aggregate debt owed by the Corporation to a senior officer of Discovery Air and a senior officer of Great Slave Helicopters Ltd. (“Great Slave”, a wholly-owned subsidiary of the Corporation) (the “Related [...]
Russian Helicopters prepares for London listing
Source: HeliHub.com, 13-Apr-11
Russian Helicopters is in line to become the first global Russian defence company to list on the London Stock Exchange, following announcement of plans to raise $500m (£307m). The company reports about 8,500 machines in operation and accounts for 13% of the global helicopter fleet. With revenues last year of $2.7bn, the company has yet [...]
Canadian Helicopters buys Helicopters NZ for C$120M
Source: Canadian Helicopters, 13-Apr-11
Canadian Helicopters Group Inc. (TSX: CHL.A, CHL.B), the largest helicopter transportation services company operating in Canada, announced today that its wholly-owned subsidiary Canadian Helicopters Limited (“CHL”) has entered into a sale and purchase agreement to acquire the assets of Helicopters (N.Z.) Limited, including the shares of Helicopters (Australia) Pty Ltd and other active subsidiary companies, [...]
Spirit AeroSystems announces public stock offering by existing equity holders
Source: Spirit AeroSystems, 08-Apr-11
Spirit AeroSystems Holdings, Inc. (NYSE: SPR) (the “Company”) today announced that it intends to commence a public secondary offering of 10,307,375 shares of class A common stock. The Company will not receive any proceeds from the offering. The shares are being offered primarily by affiliates of Onex Corporation (“Onex”) and members of management of the Company. [...]
Boustead allocates $330M to expand MHS Aviation and Pharmaniaga
Source: HeliHub.com, 07-Apr-11
New owners Boustead Holdings Bhd have allocated 1 billion Ringgits as 2011 capital expenditure for subsidiaries MHS Aviation Bhd and also Pharmaniaga Bhd. No split has been announced to give a specific figure for the Malaysian offshore helicopter operator. A company official said on today that Lembaga Tabung Angkatan Tentera (LTAT), which owns 59.28% of [...]
Spirit AeroSystems to recognize Q1 charge on CH-53K program
Source: Spirit AeroSystems, 07-Apr-11
Spirit AeroSystems Holdings, Inc. (NYSE: SPR) today announced it expects a pre-tax charge of approximately $28 million, or $0.13 per share associated with the development effort on the CH-53K helicopter program. “As a result of lessons learned on development of the initial cockpit and cabin, we have decided to proceed with a more traditional design [...]
Helicopters and leasing aircraft generate big returns – Air Methods and Bristow featured
Source: Small Cap Networks, 06-Apr-11
Air Methods and Bristow are featured in this article on share price returns
Ducommun to acquire LaBarge for $340 million
Source: Ducommun, 05-Apr-11
Ducommun Incorporated (NYSE: DCO) today announced that it has entered into a definitive agreement to acquire all outstanding stock of LaBarge, Inc. (AMEX: LB). LaBarge, with revenue of $324 million for the twelve months ended January 2, 2011, is a widely recognized supplier of electronics manufacturing services (EMS) operating across many high-growth industries. The acquisition [...]
Private equity eats another US ambulance company; Air Medical Services next?
Source: Street Insider, 29-Mar-11
Private equity firms clearly see a big opportunity in the ambulance transport service sector, announcing two large deals in the past couple of months. Speculation points to Air Methods
Acquisition #3 – Boustead buys 51% of MHS Aviation
Source: HeliHub.com, 28-Mar-11
Boustead Holdings Bhd will buy a 51% stake in helicopter and aircraft charter services provider MHS Aviation Bhd for RM100mil in an effort to strengthen its involvement in the oil and gas industry. In Kuala Lumpur today, a filing on the “Bursa Malaysia” stock market stated that Boustead will buy 10.2mil shares of MHS Aviation [...]
Acquisition #2 – EADS acquires Vector Aerospace
Source: Vector Aerospace, 28-Mar-11
Leiden, The Netherlands and Toronto, Canada – March 28th, 2011 – Eurocopter Holding, a subsidiary of EADS (EUR:EAD) and Vector Aerospace Corporation (TSX:RNO), a Canadian company listed on the Toronto Stock Exchange, have entered into a Support Agreement pursuant to which Eurocopter Holding will acquire all of the issued and outstanding common shares of Vector [...]
Acquisition #1 – Bond Aviation Group sold to INAER’s private equity owners
Source: HeliHub.com, 28-Mar-11
Bond Aviation Group, the UK company encompassing the onshore operator Bond Air Service and its sister company Bond Offshore Helicopters, is set to be sold by Stephen and Peter Bond for a figure thought to be around £300 million (approx $480M). The buyers are the two private equity groups that own Spanish operator INAER, which [...]
EADS in talks to buy Vector Aerospace
Source: Vector Aerospace, 25-Mar-11
In light of recent statements in the press, Vector Aerospace Corporation (“Vector” or the “Corporation”) has been asked by Market Surveillance on behalf of the Toronto Stock Exchange to disclose the current state of the review of strategic alternatives with the objective of enhancing shareholder value announced previously by the Corporation. In the process of [...]
Canadian Helicopters declares monthly dividends
Source: Canadian Helicopters, 23-Mar-11
Canadian Helicopters Group Inc. (the “Group”) (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 13, 2011, June 15, 2011 and July 15, 2011 to holders of record at the close of business April 29, 2011, [...]
Canadian Helicopers to release Q4 results after market close 22nd March
Source: Canadian Helicopers, 16-Mar-11
Canadian Helicopters Group Inc. (“Canadian Helicopters”) (TSX: CHL.A CHL.B) will release its fourth quarter results ending December 31, 2010, on Tuesday March 22, 2011, after market close. The Canadian Helicopters Group Inc. conference call will take place Wednesday March 23, 2011 at 11:00 a.m. (ET) to review the financial results. To participate in this conference [...]
PHI announces results for year to 31st December 2010
Source: PHI, 15-Mar-11
PHI, Inc. (“PHI”) (The Nasdaq Global Market: PHII (voting) PHIIK (non-voting)) today reported financial results for the year ended December 31, 2010. Oil and Gas segment revenues for 2010 were $345.4 million, compared to $316.2 million for 2009, an increase of $29.2 million or 9%. Segment operating profit was $55.3 million for 2010, compared to [...]
Air Methods announces FY2010 results and FY2011 Q1 update
Source: Air Methods, 11-Mar-11
Air Methods Corporation (Nasdaq:AIRM), the largest air medical transportation company in the world, reported revenue and net income for the year and fourth quarter ended December 31, 2010. For the year, revenue increased 9% to $562.0 million compared to $514.3 million in the prior year. Net income increased 52% to $44.1 million, or $3.50 per diluted share, [...]
Air Methods buys United Rotorcraft Solutions
Source: Air Methods, 07-Mar-11
Air Methods Corporation (Nasdaq:AIRM), the largest air medical transportation company in the world, announced today the acquisition of United Rotorcraft Solutions (URS) by its Products Division. URS is a full-service helicopter and fixed-wing completions center and Maintenance Repair Operation (MRO). Founded by Dave and Traci Brigham in 2005, URS initially served the very unique demands [...]
CPI Aero to present at Roth Capital Partners OC Growth Stock Conference
Source: CPI Aero, 06-Mar-11
CPI Aerostructures, Inc. announced that its President & CEO, Edward Fred, will be addressing institutional investors at the Roth Capital Partners 23rd Annual OC Growth Stock Conference on Monday, March 14, 2011 at 1:00 pm PT / 4:00 pm ET at the Ritz Carlton Laguna Niguel in Dana Point, CA. Investors will be able to [...]
Hawke Capital Partners to acquire Northeast Aviation Technologies
Source: Hawke Capital Partners, 06-Mar-11
The rotorcraft-focused private equity investor, Hawke Capital Partners, announced today that it reached agreement to acquire substantially all of the assets of NorthEast Aviation Technologies, Inc. NorthEast Aviation Technologies (NEAT) is headquartered at the Rostraver Airport in Westmoreland County, PA, currently employing 20 people. NEAT is an FAA Part 145 Repair Station and specializes in [...]
Vector Aerospace to hold Q4 analyst concall on March 10th
Source: Vector Aerospace, 03-Mar-11
Vector Aerospace Corporation will hold a fourth quarter 2010 conference call at 1:30p.m. EST on Thursday March 10, 2011. The conference call will review Vector’s results for the three and twelve months ended December 31, 2010. The scheduled speakers for the Company on the conference call are: Declan O’Shea, President and Chief Executive Officer and [...]
Canadian Helicopters announces Normal Course Issuer Bid
Source: Canadian Helicopters, 03-Mar-11
Canadian Helicopters Group Inc. ( “Canadian Helicopters”) (TSX: CHL.A CHL.B) announced today that the Toronto Stock Exchange (the “TSX”) has accepted Canadian Helicopter’s notice of intention to make a normal course issuer bid (the “Notice”) to purchase outstanding common shares and/or variable voting shares through the facilities of the TSX for a period of twelve [...]
Hindustan Aeronautics plans IPO
Source: HeliHub.com, 12-Feb-11
Indian manufacturer Hindustan Aeronautics Ltd (HAL) is planning an IPO, although no date has yet been set. The state owned company follows a number of others which the Indian Government have floated in recent years. The move is being promoted as necessary from a corporate governance position, but it is also seen as a way [...]
Sikorsky completes minority investment in Eclipse Aerospace
Source: Sikorsky, 03-Feb-11
ALBUQUERQUE, N.M. – Sikorsky Aircraft Corp. and Eclipse Aerospace Inc. announced today the completion of a minority equity investment by Sikorsky in Eclipse Aerospace. The companies also entered into a Service Level Agreement pursuant to which Sikorsky will provide global supply chain support and certain production restart services, which will aid Eclipse Aerospace in its [...]
Bristow Group announces FY11 Q3 results
Source: Bristow Group, 02-Feb-11
HOUSTON, February 2, 2011 – Bristow Group Inc. (NYSE: BRS) today reported a 57% increase in net income for the three months ended December 31, 2010 to $41.8 million, or $1.13 per diluted share, compared to $26.7 million, or $0.74 per diluted share, in the December 2009 quarter. The quarter benefited from year-over-year improvement in [...]
Strong Q4 performance by Bell helps puts Textron back in the black
Source: Textron, 26-Jan-11
Textron Inc. (NYSE: TXT) today reported 2010 fourth quarter income of $0.19 per share, compared to a loss of $0.23 per share in the fourth quarter of 2009. Excluding special charges, the company reported income from continuing operations of $0.33 per share, up from $0.15 per share in the fourth quarter of 2009. Revenues were [...]
Bristow Group announces FY11 Q3 Release and Conference Call Schedule
Source: Bristow Group, 26-Jan-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 2011 third quarter ended December 31, 2010, after the market closes onWednesday, February 2. In conjunction with the release, Bristow has scheduled a conference call, which will be broadcast [...]
Receiver upbeat on Helicopters NZ sale
Source: Stuff, 23-Jan-11
Strong bidding interest from overseas and New Zealand for South Canterbury Finance asset Helicopters NZ has receiver Kerryn Downey optimistic of a NZ$90M+ sale within three months
Bristow given “Outperform” rating by Zacks analysts
Source: Zacks, 16-Jan-11
Equities research analysts at Zacks Investment Research reiterated an “outperform” rating on shares ofBristow Group Inc. (NYSE: BRS) in a research note to clients and investors on Wednesday. Separately, analysts at Howard Weil raised their price target on shares of Bristow Group Inc. from $48.00 to $54.00 in a research note to investors on Monday, December [...]
Canadian Helicopters Group declares monthly dividends
Source: Canadian Helicopters, 16-Jan-11
Canadian Helicopters Group Inc. (the “Group”) (TSX: CHL.A and 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, 2011, March 15, 2011 and April 15, 2011 to holders of record at the close of business January 31, [...]
Precision Aviation Group acquires Dallas-based Avcenter
Source: Precision Aviation Group, 13-Jan-11
Atlanta, GA - based Precision Aviation Group (PAG), exclusive provider of ISMRO® (Inventory Supported Maintenance Repair & Overhaul), announces the acquisition of Dallas-based Avcenter, an FAA Repair Station specializing in Wheels, Brakes, and Accessories for the Aerospace industry. The Avcenter purchase allows PAG to expand the MRO services it provides to customers operating Fixed and Rotary-wing aircraft. [...]
Bond Offshore Helicopters turnover up 13% at £61M, profits up 12%
Source: Aberdeen Press & Journal, 10-Jan-11
Recently released accounts show turnover at £61.09 million for the year to 31st March 2010, up 13%, and pre-tax profits at £3.572 million, up 12%
Bristow completes redemption of 6.125% senior notes due 2013
Source: Bristow Group, 05-Jan-11
Bristow Group Inc. (NYSE: BRS), the leading provider of helicopter services to the offshore energy industry, today announced that it has completed the redemption of its $230 million face value 6 1/8% Senior Notes due June 2013. The notes were redeemed at 101.021% of face value, or approximately $232 million, plus accrued and unpaid interest [...]
Canadian Helicopters completes conversion to corporate structure
Source: Canadian Helicopters, 04-Jan-11
Canadian Helicopters Income Fund (CHL.UN) (the “Fund”) announced today the closing of the conversion of the Fund from an income trust to a dividend paying corporation by way of plan of arrangement (the “Arrangement”) as further described in the Fund’s management information circular dated May 13, 2010. The completion of the Arrangement resulted in the [...]
Boustead Holdings buys majority stake in Malaysian operator MHS Aviation
04-Jan-11
Boustead Holdings, founded in 1828, is one of Malaysia’s established and diversified conglomerates. Today Boustead has more than 100 subsidiaries and associate companies of which four companies are listed on the local stock market – Bursa Malaysia.
CHC announces FY2011 Q2 release and conference call schedule
Source: CHC, 21-Dec-10
CHC Helicopter today announced that it will release its financial results for its fiscal year 2011 second quarter ended October 31, 2010 by posting a quarterly report on the Investor Relations section of its website (www.chc.ca) after the market closes on Thursday, December 30, 2010. CHC will also host a conference call on Tuesday, January [...]
Russian Helicopters buys 24% of Kazan Helicopter Plant
Source: HeliHub.com, 15-Dec-10
Helicopters of Russia, a subsidiary of OAO Oboronprom, became the owner of 24.66% shares of OAO Kazan Helicopter Plant (KHP). This tactical move is actually to allow Oboronprom to reduce its shareholding 66.15% to 41.49%, according to Interfax. KHP manufactures helicopters Mi-8, Mi-17 light helicopters Ansat. The authorized capital of KHP is 154.6 million rubles [...]
Canadian Helicopters confirms converstion to a corporation on 31st Dec
Source: Canadian Helicopters, 11-Dec-10
MONTREAL, December 10, 2010 – Canadian Helicopters Income Fund (CHL.UN) (the “Fund”) confirmed today its intention to complete on December 31, 2010, the conversion of the Fund from an income trust to a dividend paying corporation (the “Arrangement”) as further described in the Fund’s management information circular dated May 13, 2010. The completion of the [...]
Air Methods CEO sells 9,543 shares
Source: Gurufocus, 06-Dec-10
Director, CEO of Air Methods Corp. Aaron D Todd sells 9,543 shares of AIRM on 09/09/2010 at an average price of $48.73 a share.
