18-Apr-2017Source: CHC Group
CHC Group (the “Company” or “CHC”) today announced that it has successfully concluded its financial restructuring and emerged from Chapter 11 as its court-confirmed Plan of Reorganization (the “Plan”) went into effect on March 24, 2017. With the support of its creditors and stakeholders, CHC completed its court-supervised financial restructuring process and emerged as a... Read more
10-Apr-2017Source: CHC
CHC Group (the “Company” or “CHC”) today announced it has been awarded a new contract with Faroe Petroleum to provide helicopter services in support of their exploration drilling program at the Brasse Field in the North Sea. “We are excited to work with Faroe Petroleum as their aviation partner in this project,” said Arne Roland,... Read more
10-Apr-2017Source: CHC
For the seventh year in a row, the CHC Safety & Quality Summit, in collaboration with Dr. Scott Shappell and Dr. Doug Wiegmann, developers of the Human Factors Analysis and Classification System (HFACS), is providing aviation students from around the world with the opportunity to apply to attend the CHC Safety & Quality Summit at... Read more
15-Mar-2017Source: CHC Group
For the seventh year in a row, the CHC Safety & Quality Summit, in collaboration with Dr. Scott Shappell and Dr. Doug Wiegmann, developers of the Human Factors Analysis and Classification System (HFACS), is providing aviation students from around the world with the opportunity to apply to attend the CHC Safety & Quality Summit at... Read more
10-Mar-2017Source: Waypoint Leasing
Waypoint Leasing (Ireland) Limited (“Waypoint”), the largest independent global helicopter leasing company, today announced that it has closed a lease agreement with PT. Air Born Indonesia (“Air Born”), a provider of air transportation services in Indonesia, for one Leonardo AW139 helicopter previously operated by CHC, which will go on long-term lease in support of mining... Read more
2-Feb-2017Source: CHC Group
CHC Group (OTC PINK: HELIQ) (the “Company” or “CHC”) today announced the beginning of a year-long celebration of the operator’s 70-year history since its humble beginnings as a crop dusting operation in British Columbia in April of 1947. CHC traces its roots back to Carl Agar, A.H. “Barney” Bent and Al Stringer, the three Canadian... Read more
23-Jan-2017Source: CHC
CHC Group (OTC Pink Sheets: HELIQ) announced it had recently reached the 25,000 flight hour milestone on its fleet of AW139s in Australia. CHC was the first commercial operator to fly AW139s in Australia and has used the aircraft to fly critical emergency medical service (EMS) missions in New South Wales as well as provide... Read more
19-Jan-2017Source: CHC
CHC Group (OTC PINK: HELIQ) (the “Company” or “CHC”) today announced a new contract with Siemens Wind Power GmbH to provide helicopter services in support of the construction of the Veja Mate offshore wind farm currently under construction in the German North Sea. “We are excited to work with Siemens to support this landmark project,”... Read more
17-Jan-2017Source: HeliHub.com
CHC has had to close down their base in Bergen, Norway after losing the contract with Statoil to Bristow. The resulting closure will leave 100 workers unemployed, reports Offshore Energy Today. Statoil has stated that after April last year, when a CHC-operated Super Puma crashed and killed all on board, they would never use Super... Read more
16-Jan-2017Source: CHC
The formal call for papers is officially out for the 2017 CHC Safety & Quality Summit, focusing on the theme “Can we truly manage all of the risk: what if the barriers are not as robust as we think?” In its 12 year history, the Summit has grown to become an industry-leading aviation safety event.... Read more
21-Dec-2016Source: Allan Blake
CHC Group Ltd and 42 affiliated companies petitioned to enter the US Chapter 11 process on 5th May 2016, with outstanding debt obligations of approximately $1.6 billion. The Chapter 11 process has many of the features present in bankruptcy proceedings both in the US and other jurisdictions. However, it also provides additional benefits for debtors... Read more
19-Dec-2016Source: CHC
CHC Group (OTC Pink Sheets: HELIQ) (the “Company” or “CHC”) today announced it has signed a new contract with Wintershall Norge AS (“Wintershall”), to provide helicopter services in support of their drilling program at the Maria Field in the Norwegian Sea on the Halten Terrace in blocks 6407/1 and 6406/3. “We are excited to work... Read more
14-Dec-2016Source: CHC
CHC Group (OTC Pink Sheets: HELIQ) (the “Company” or “CHC”) today announced that three new Sikorsky S-92 aircraft will begin serving Shell for the company’s Prelude floating liquefied natural gas (“FLNG”) project from its base in Broome, Australia. These new aircraft will join a fourth S-92 already in use as part of a two-year extension... Read more
28-Oct-2016Source: CHC
The 13th annual CHC Safety & Quality Summit will take place in Dallas-Fort Worth, Texas from Sept. 27-29, 2017. Each year, CHC’s Safety & Quality Summit attracts representatives from across the aviation and oil & gas industries to share knowledge and best practices aimed at developing and maintaining a robust safety environment. Since its inception... Read more
20-Oct-2016Source: HeliHub.com
Helicopter marketing company Avinco has been asked to recover, manage and remarket a fleet of EC225s previously operated by CHC following the operator’s filing for Chapter 11. Avinco report that they have already completed a “lengthy and complex” initial phase consisting of centralising 21 machines spread about the world to one European location. HeliHub.com research... Read more
19-Oct-2016Source: Avinco
Avinco was recently awarded the largest contract of its kind, in charge of recovering, managing and remarketing a fleet of H 225 superpumas previously operated by CHC following the operator’s filing for Chapter 11. Further to the lengthy and complex initial phase consisting of centralising 21 machines spread about the world to one European location,... Read more
17-Oct-2016Source: Allan Blake
In Helitech 2016: Shaking Up the Offshore Helicopter Business I commented that: “some lessors are definitely not welcoming the recently announced Milestone (part of GE) relationship with CHC…have no doubt that the position is pretty dire for those lessors focused on heavy aircraft in the offshore oil and gas market and those with CHC exposure... Read more
12-Oct-2016Source: CHC
CHC Group (the “Company” or “CHC”) (OTC Pink Sheets: HELIQ) today announced that it has entered into a plan support agreement (the “PSA”) with respect to the terms of a chapter 11 plan of reorganization (the “Plan”). The PSA contemplates a comprehensive recapitalization of the Company that will provide $300 million in new capital from... Read more
3-Oct-2016Source: CHC
CHC Helicopter is proud to announce that it has signed a 21-month contract with Australian Army to provide aeromedical evacuation (AME) and crash response support for deployments throughout Australia. The contract will commence on 1 October 2016 and run through to 30 June 2018. CHC currently provides search and rescue services to the Royal Australian... Read more
3-Oct-2016Source: Allan Blake
Helitech 2016 in Amsterdam, October 11-13, is taking place at a critical moment for the offshore helicopter industry: • The industry has been shocked by a series of accidents including the second and continuing grounding within three years of about 180 large offshore helicopters (H225 and AS332L2) following the tragic H225 accident in Norway; • ... Read more
29-Sep-2016Source: HeliHub.com
CHC Helicopter has signed a contract with the Australian Army to provide them with aeromedical evacuations, crash response support and search and rescue for 21 months. The CHC will use their fleet of Sikorsky S-76s and Bell 412s, reports Australian Aviation. CHC Regional Director Asia Pacific Nick Mair reports that they have been working with... Read more
26-Sep-2016Source: Energy Voice
An internal investigation by oil company Statoil into the cause of the CHC EC225 crash on 29th April 2016, which killed 13 people, has warned safety must not be compromised as operators focus on cost savings. The company has published a report into the incident, the worst helicopter disaster on the Norwegian Continental Shelf since... Read more
15-Sep-2016Source: AirVault
CHC Helicopter (“CHC”) announced today that it has licensed the AirVault Maintenance Records Management Solution, a new, web-based aircraft maintenance record management system for their entire fleet maintenance operations. AirVault is a proven mission-critical cloud-based electronic document management system designed to manage the digital content and bi-directional processes of aircraft maintenance records for the world’s... Read more
19-Aug-2016Source: Allan Blake
In an article published on 6th July 2016, “Future of H225 compounded by HUMS investigation remark”, I concluded that “The CHC Chapter 11 process has a long way to run yet. The outcome for the offshore helicopter market will be significant as strategies for his large fleet emerge from the affected lessors; all of them... Read more
3-Aug-2016Source: Waypoint
Waypoint Leasing (Ireland) Limited (“Waypoint”), the largest independent global helicopter leasing company, today announced that it will place two AW139 helicopters with new customers in Africa and Asia, respectively. The aircraft are currently being returned from CHC and will be re-deployed with the new customers in support of oil and gas operations. Waypoint also announced... Read more
22-Jul-2016Source: Heli-One
Heli-One, a subsidiary of operator CHC, has expanded its Poland facility by 6,000+ m² to accommodate helicopter storage for up to 40 “heavy” aircraft. The facility provides for a controlled and monitored environment tailored for aircraft storage, allowing helicopter owners and operators to be assured that their aircraft assets will be maintained to proper storage... Read more
6-Jul-2016Source: Allan Blake
The Chapter 11 insolvency process is a daunting one for companies entering into the procedure, but it can also be a stark reminder to suppliers that the contracts they entered into with debtors can not only be worthless but also leave them with significant additional burdens to consider. For the CHC Helicopter Group of companies,... Read more
29-Jun-2016Source: HeliHub.com
The Accident Investigation Board of Norway (AIBN) has released another update in their investigation of the Airbus EC225 accident which happened on 29th April as the CHC aircraft was returning from the Gullfaks platform to Bergen Airport. Of particular note, they state “At this stage of the investigation, the AIBN finds that the accident most... Read more
9-Jun-2016Source: HeliHub.com
As CHC shrinks its global fleet by 90 over 60 days, it is inevitable that headcount will also be reduced. The Aberdeen office of CHC have provided HeliHub.com with the following statement today:- “We have commenced formal consultation discussions with employees, who may be affected by redundancy, and their trade unions at our Aberdeen base.... Read more
9-Jun-2016Source: HeliHub.com
As everyone across the industry, and certainly the offshore helicopter industry, knows, CHC suffered a fatal accident with an Airbus EC225 off Bergen in Norway on 29th April. As a result both the UK and Norwegian authorities grounded the EC225/H225 and AS332L2, and subsequently NHV/Dancopter voluntarily followed suit with their three Danish-based EC225s. EASA later... Read more
8-Jun-2016Source: CHC
Four aircraft engineers working for CHC Helicopter in Dili have become the first Timorese to earn their Diploma of Aeroskills and meet stringent Civil Aviation Safety Authority (CASA) license accreditation requirements. The four engineers work at CHC’s operations in Dili, Timor-Leste which provide passenger transfer services to oil and gas operations in the Timor Sea... Read more
7-Jun-2016Source: HeliHub.com
Embattled offshore operator CHC, in the midst of reducing their fleet by 90 helicopters over 60 days, is taking steps to ensure current contract commitments can be met following the grounding of EC225 and AS332L2 helicopters. In common with other operators on the North Sea, CHC have brought in two Sikorsky S92s from Canada to... Read more
19-May-2016Source: Statoil
The mandate for Statoil’s in-house investigation of the helicopter accident on 29 April is ready. The purpose of the investigation is to identify measures to improve Statoil’s work on helicopter safety on the Norwegian continental shelf. The Accident Investigation Board Norway is responsible for identifying the chain of events and the cause of the accident.... Read more
11-May-2016Source: HeliHub.com
An official court-filed statement provides a lot more information about the situation at CHC. It was filed by Michael B Cox, Global Head of Seabury’s Corporate Advisory Services. Seabury was retained by CHC Group and each of the other debtors (collectively, the “Debtors”) in early 2016 to provide strategic business advice with respect to restructuring... Read more
10-May-2016Source: CHC
CHC Group (OTC Pink Sheets: HELIQ; the “Company” or “CHC”) today announced the appointment of William L. Transier to its Board of Directors, effective immediately. An independent, Class II director, Mr. Transier’s term is until the Company’s 2018 annual general meeting of shareholders. He was also elected to serve on the Board’s Audit Committee and... Read more
10-May-2016Source: CHC
CHC Group (OTC Pink Sheets: HELIQ; the “Company” or “CHC”) today announced the Company has received approval from the United States Bankruptcy Court for the Northern District of Texas for its First Day motions related to its voluntary Chapter 11 reorganization. Collectively, the First Day orders issued by the Court will help CHC continue to... Read more
5-May-2016Source: CHC
CHC Group today announced that the Company and certain of its wholly-owned subsidiaries have filed voluntary petitions for relief under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the Northern District of Texas to facilitate the restructuring of its balance sheet and fleet, and position the Company for... Read more
4-May-2016Source: HeliHub.com
Given the volume of emails and phone calls that HeliHub.com has received in recent days, mainly from outside the helicopter industry, we are taking this opportunity to put one key point down in writing. They key area of investigation is the main rotor gearbox and the suspension bars which sit at an angle to hold... Read more
4-May-2016Source: Shell
Shell has issued the following statement, in which they confirm they are suspending using CHC Norway as an operator. The oil company’s decision does not extend to CHC in any other country. “Shell has with sadness followed the reports of the tragic event outside Bergen in Norway. Our thoughts and condolences go out to the... Read more
4-May-2016
3 May – Airbus Helicopters welcomes the announcement made by the Accident Investigation Board Norway (AIBN) today. The investigation will now solely be focused on potential root causes of a technical failure, such as design, production, and/or maintenance. Airbus Helicopters continues to provide its full support to the AIBN investigation. At this stage and based... Read more
29-Apr-2016
Main rotor blades and hub reportedly detached in flight, and a video online purports to show this subsystem spinning down to earth. The remainder of the helicopter descended at high rate, impacting rocky ground with 13 fatalities on impact and being consumed in the post-impact fire. The helicopter was being operated for Statoil, and en... Read more
18-Apr-2016Source: HeliHub.com
Offshore and SAR operator CHC must be under significant pressure to not make an interest payment. The company has announced that $46 million was due Friday on its 9.25% senior secured notes maturing October 15, 2020 (the “2020 Notes”). The small print governing the 2020 Notes allows CHC a 30-day grace period after the interest... Read more
23-Mar-2016Source: Oil & Gas UK
Mick Borwell, Health & Safety Director, Oil & Gas UK, said: “Following publication of the Air Accidents Investigation Branch report into the Sumburgh tragedy we will take time to carefully examine its findings. Our thoughts are with the families, friends and colleagues of those not with us today. “There are many recommendations in this report... Read more
2-Mar-2016Source: Heli-One
Heli-One, a leading global provider of helicopter maintenance, repair and overhaul (MRO) services, has completed search and rescue (SAR) cabin modifications on two Airbus Helicopters H225 aircraft for CHC Helicopter (CHC). The cabin modification was designed in close collaboration with CHC’s SAR crews to optimize usage within a size-restricted space. The design is a modular... Read more
29-Feb-2016Source: CHC
Dr. Joe MacInnes, a medical doctor, undersea explorer, author and leadership expert, has been confirmed as the keynote speaker for the gala dinner at the 12th-annual CHC Safety & Quality Summit. The Tuesday, April 5, dinner at the Westin Bayshore hotel is expected to attract up to 600 people – most of whom will also... Read more
15-Feb-2016Source: CHC
Vancouver, British Columbia, Canada – CHC Group Ltd. (OTCQX: HELIF), the parent company of CHC Helicopter, plans to issue its release for the fiscal-year 2016 third quarter, which ended January 31, 2016, after market close on Thursday, March 3, 2016. The following day, Friday, March 4, 2016, the company will hold its quarterly results call... Read more
2-Feb-2016Source: CHC
CHC Group (NYSE: HELI; the “Company”), the parent company of CHC Helicopter, today announced that it received written notice from the NYSE Regulation, Inc. that the NYSE has delisted the Company’s ordinary shares, pursuant to Section 802.01B of the NYSE’s Listed Company Manual requiring NYSE-listed companies to maintain an average market capitalization of $15 million... Read more
8-Jan-2016Source: Irish Coast Guard
During last night the Coast Guard’s Rescue 115 and Rescue 118 completed two helicopter missions which bringing the total number of completed helicopter missions to 1,000 in a single year; the first time since the Coast Guard’s helicopter service commenced in 1991. Many of the services were carried out in challenging weather conditions, at night... Read more
15-Dec-2015
Aviation students can now apply for an expenses-paid opportunity to attend the 12th-annual CHC Safety & Quality Summit, through grants which honour a longtime advocate of excellence in aviation safety training. The Dr. Peter Gardiner Student Grant, worth more than C$4,000, covers admission to the summit, a registration to the pre-summit HFACS course, as well... Read more
10-Dec-2015
CHC EC225 made emergency landing following warning light in cockpit. Helicopter was reported as 60 miles out east from Aberdeen to a rig when it turned round and returned to Aberdeen... Read more
7-Dec-2015Source: CHC
Vancouver, British Columbia, Canada – CHC Group (NYSE: HELI; the “Company”), the parent company of CHC Helicopter, today announced that on December 1, 2015, the Company’s Routine Transactions Committee of the board of directors (the “Board”) authorized, pursuant to authority delegated to it by the Board, a 1-for-30 reverse share split of the Company’s ordinary... Read more
7-Dec-2015Source: CHC
CHC Helicopter is offering discounts for early registration to the 12th annual CHC Safety and Quality Summit, one of the world’s premier aviation-safety conferences. Early bird registration for the 2016 CHC Safety and Quality Summit is open now until Dec. 31. During that period, enrolling in the April 04-06 conference costs C$1085 plus tax –... Read more
26-Nov-2015Source: Bird Control Group
Offshore installations provide birds with a perfect landing spot. However, their presence is a globally recognized problem because, if left undisturbed, guano build up can reduce the safety of helidecks. To address this, Bird Control Group, CHC Helicopter and Total E&P Nederland (a subsidiary of the French energy company Total) collaborated to develop and install... Read more
16-Nov-2015Source: CHC
CHC Group Ltd. (NYSE:HELI), the parent company of CHC Helicopter, plans to issue its release for the fiscal-year 2016 second quarter, which ended October 31, 2015 after market close on Tuesday, December 8, 2015. The following day, Wednesday, December 9, 2015, the company will hold its quarterly results call at 8 a.m. (Eastern Time). Presentation... Read more
12-Nov-2015Source: Research and Markets
(http://www.researchandmarkets.com/research/c6rwkv/global_offshore) has announced the addition of the “Global Offshore Helicopters Outlook to 2020 – Market Analysis by Geography, Helicopter Class (Medium, Heavy, Light), Competitive Landscape, Key Company Information – Growth Trends and Forecasts” report to their offering. It is estimated that by 2050, world population will reach nine billion with most of the growth occurring... Read more
26-Oct-2015Source: CHC
Aviation students can now apply for an opportunity to attend the 12th-annual CHC Safety & Quality Summit, through grants which honour Dr. Peter Gardiner, a long-time advocate of excellence in aviation safety training. The Dr. Peter Gardiner Student Grant, worth more than C$4,000, covers: admission to the Summit; and a choice of one of the... Read more
19-Oct-2015Source: CHC
The CHC Safety & Quality Summit is hosted by CHC Helicopter, the operating company of CHC Group Ltd. (NYSE: HELI). Industry and safety professionals interested in presenting at the CHC Safety & Quality Summit may now submit abstracts for the event. The 12th-annual summit will be held April 04-06, 2016 at the Westin Bayshore Resort... Read more
18-Sep-2015Source: CHC
The call is out for papers that will characterize the 2016 edition of the world’s largest helicopter-safety conference, the CHC Safety & Quality Summit. The CHC Safety & Quality Summit is hosted by CHC Helicopter, the operating company of CHC Group Ltd. (NYSE:HELI). Industry and safety professionals interested in presenting at the CHC Safety &... Read more
10-Sep-2015Source: CHC
Statoil has exercised options to extend its contract with CHC Helikopter Service AS, securing helicopter search-and-rescue services to its Tampen and Oseberg fields until 2019 in a deal worth over $90 million. CHC will continue to provide offshore search-and-rescue services to the fields using three new technology H225 aircraft. CHC also delivers crew change services... Read more
9-Sep-2015Source: CHC
CHC Group (NYSE:HELI) reported fiscal 2016 first quarter (ended July 31, 2015) consolidated revenue of $376 million, a decline of 18 percent year-over-year driven by unfavorable currency translation effects and challenging operating conditions in the global oil sector. On a constant currency basis, revenue decreased 9 percent. The Company reported a net loss of $47... Read more
7-Sep-2015Source: CHC
CHC Group (NYSE:HELI; the “Company”), the parent company of CHC Helicopter, today announced that on August 28, 2015, the Company was notified by the New York Stock Exchange (“NYSE”) that the Company is not in compliance with the NYSE’s continued listing standards as the Company failed to maintain an average global MARKET capitalization greater than... Read more
5-Aug-2015Source: BBC
About 50 jobs at Aberdeen helicopter firm CHC are at risk.See Full Story... Read more
27-Jul-2015Source: CHC
CHC Group Ltd. (NYSE: HELI; the “Company”), the parent company of CHC Helicopter, today announced that on July 23, 2015, the Company was notified by the New York Stock Exchange (“NYSE”) that the trading price of HELI is not in compliance with the NYSE’s continued listing standard that requires a minimum average closing price of... Read more
21-Jul-2015Source: Eastern Daily Press
Nearly 30 people have been left without a job and without redundancy pay after their former employer DanCopter UK’s deal with Shell to transport workers to and from North Sea oil platforms was taken over by CHC Helicopter. See full story... Read more
30-Jun-2015Source: CHC
CHC Group (NYSE:HELI), the parent company of CHC Helicopter, reported revenue of $374 million and a net loss of $119 million for its fiscal 2015 fourth quarter, which ended April 30, 2015. Full-year consolidated revenue was $1.7 billion, a decline of 3 percent year-over-year, driven by the impact of currency translation as the U.S. dollar... Read more
30-Jun-2015
helicopter en route to the West Hercules drilling rig returned to base due to a low oil pressure indication in one of its two engines. The incident occurred on Tuesday, June 30 when the helicopter was 20 km outside St. John’s. The helicopter returned to St. John’s without incident and the seven passengers on board... Read more
29-Jun-2015
Turned back to base due to low oil pressure warning. The culprit of the oil leak, according to Statoil, was likely a wrong-sized O-ring installed during maintenance.... Read more
19-Jun-2015Source: Cohen Milstein Sellers & Toll
Cohen Milstein Sellers & Toll PLLC is conducting an investigation to determine whether CHC Group Ltd. (“CHC” or the “Company”), certain of its senior executives and directors who signed the Registration Statement (as defined below) in connection with the Company’s January 16, 2014 initial public offering (the “Offering”), and each of the underwriters for the... Read more
16-Jun-2015Source: The Scotsman
SURVIVORS of a North Sea helicopter crash in which four people were killed are seeking compensation of over £5 million. See Full Story... Read more
12-Jun-2015Source: AAR
Airinmar, a leading provider of innovative aviation repair management solutions, has signed a three-year agreement with CHC Helicopters to manage component repairs for its fleet of over 200 helicopters. Airinmar has supported airlines, MROs, OEMs and military operations for over 25 years through integration of its proprietary systems, engineering expertise and supply management solutions. By... Read more
4-Jun-2015Source: EDP
The 20 pilots, five engineers and four operational staff work for DanCopter UK whose contract with Shell to fly personnel to and from North Sea platforms comes to an end on July 16. See Full Story... Read more
3-Jun-2015Source: Universal Avionics
A CHC Helikopter Service Sikorsky S-92 equipped with dual Universal Avionics SBAS-Flight Management Systems (FMS) carried out the first Localizer Performance with Vertical Guidance (LPV) approach to Runway 07 in Florø, Norway. The flight, HKS 56T, under the command of John Olav Ofstad and instructor Morten Kufaas, was on a transit flight from Bergen to... Read more
1-Jun-2015Source: Lieff Cabraser
The law firm of Lieff Cabraser Heimann & Bernstein, LLP announces that class action litigation has been brought on behalf of investors who purchased or otherwise acquired the common stock of CHC Group Ltd. (“CHC” or the “Company”) (NYSE:HELI) pursuant or traceable to the Company’s initial public offering (“IPO”) on January 16, 2014. If you... Read more
29-May-2015Source: CHC
Vancouver, British Columbia, Canada – CHC Group Ltd. (NYSE: HELI), the parent company of CHC Helicopter, plans to issue its earnings release for the fiscal-year 2015 fourth quarter, which ended April 30, after market close on Monday, June 29. The following day, Tuesday June 30, the company will hold its quarterly earnings call at 8... Read more
28-May-2015
Emergency landing at Aberdeen with 19 POB plus 2 crew after alarm sounded – later reported as false... Read more