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HNZ Group Reports FY2017 Q2 Results

HNZ Group Reports FY2017 Q2 Results

Revenue was $56.4 million in the second quarter of 2017, a decrease of $0.9 million compared to $57.3 million a year ago. This variation is mostly explained by a decrease in onshore revenue and ancillary revenue, partially offset by an increase in offshore revenue. The Corporation flew 10,725 hours compared to 11,557 hours in the second quarter of 2016, a decrease… Read more »

Source: HNZ, 18-Aug-17

CHC: Rising from the ashes of Chapter 11

CHC: Rising from the ashes of Chapter 11

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 »

Source: Allan Blake, 21-Dec-16

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Lockheed Martin Announces FY2016 Q3 Earnings date

Lockheed Martin Announces FY2016 Q3 Earnings date

Lockheed Martin (NYSE: LMT) will webcast live its third quarter 2016 earnings results conference call on Tuesday, October 25, at 11 a.m. EDT. Marillyn Hewson, chairman, president and chief executive officer; Bruce Tanner, executive vice president and chief financial officer; and Jerry Kircher, vice president of investor relations, will discuss third quarter 2016 financial results,… Read more »

Source: Lockheed Martin, 25-Oct-16

McNally Invests in Genesys Aerosystems

McNally Invests in Genesys Aerosystems

McNally Capital announced today an investment in Genesys Aerosystems, a leading provider of integrated avionics systems for military and civil aircraft manufacturers and operators. Genesys Aerosystems offers a diverse and growing product line which includes 3D Synthetic Vision Electronic Flight Instrument Systems, S-TEC Analog and Digital Autopilots, HeliSAS® Helicopter Autopilot and Stability Augmentation System, as… Read more »

Source: McNally Capital, 25-Oct-16

Bristow announces date for Q2 results

Bristow announces date for Q2 results

Bristow Group Inc. (NYSE: BRS), the leading provider of global industrial aviation services, announced today it will release financial results for its fiscal 2017 second quarter ended September 30, 2016, after the market closes on Thursday, November 3, 2016.  In conjunction with the release, Bristow has scheduled a conference call, which will be broadcast live… Read more »

Source: Bristow Group, 19-Oct-16

Waypoint tries to scupper CHC marriage to Milestone

Waypoint tries to scupper CHC marriage to Milestone

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 »

Source: Allan Blake, 17-Oct-16

Pawan Hans Sets New Goals ahead of stock market flotation

Pawan Hans Sets New Goals ahead of stock market flotation

Pawan Hans, an Indian Government-owned company is setting new goals for when they open to the public in either late 2017 or early 2018. By 2027 they aim to have a revenue of Rs 1600 crore, from the Rs 500 crore they currently have. They are looking into new and different avenues for growth in… Read more »

Source: HeliHub.com, 17-Oct-16

Milestone gets in bed with CHC

Milestone gets in bed with 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 »

Source: CHC, 12-Oct-16

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Russian Helicopters to Sell Shares

Russian Helicopters to Sell Shares

Moscow plans to sell up to 25% of shares of the Russian Helicopters holding by the end of the year to either an abroad investor or a Russian strategic investor. A pool of Middle Eastern buyers has been mentioned by Industry and Trade Minister Denis Manturov, reports Sputnik. Russian Helicopters is made of five factories,… Read more »

Source: HeliHub.com, 10-Oct-16

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100 layoffs at Erickson Air Crane

100 layoffs at Erickson Air Crane

Erickson Air Crane has been reported by WFTV to have laid off 100 workers this quarter in an attempt to settle financial difficulties. The company itself owes Wells Fargo $140 million. The company’s shares have already dropped from $2.19 per share down to $0.48. Erickson’s CEO has made a written statement saying that 10% of… Read more »

Source: HeliHub.com, 09-Sep-16

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XTI Aircraft Company Launches Series B Financing

XTI Aircraft Company Launches Series B Financing

XTI Aircraft Company (XTI) today launched the next phase of its funding strategy to bring the TriFan 600 to market. In addition to its ongoing equity crowdfunding campaign, XTI entered into an engagement agreement with the New York investment bank Primary Capital LLC, for XTI’s $20 million Series B round. The security being offered to… Read more »

Source: XTI, 08-Sep-16

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Bristow Group To Present At Barclays CEO Energy – Power Conference

Bristow Group Inc. (NYSE: BRS) announced today that the Company will be presenting at the Barclays CEO Energy – Power Conference to be held in New York City, September 6 – 8, 2016. Jonathan E. Baliff , President and Chief Executive Officer, and Don Miller , Senior Vice President and Chief Financial Officer, are scheduled to present on Wednesday, September 7, 2016 at 8:25 a.m. ET (7:25 a.m. CT). A live… Read more »

Source: Bristow, 05-Sep-16

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Nigeria – Caverton expects H1 profit to be substantially down

Nigeria – Caverton expects H1 profit to be substantially down

Caverton Offshore Support Group Plc (Bloomberg: Caverton NL) the leading provider of marine, aviation and logistics services to local and international oil and gas companies in Nigeria expects to report materially lower earnings for the period ending 30th June 2016 largely due to the unavoidable impact of the recent Naira devaluation which took place within the second quarter of… Read more »

Source: Caverton, 23-Aug-16

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Erickson Announces Date for FY2016 Q2 Results

Erickson Announces Date for FY2016 Q2 Results

Erickson Incorporated (NASDAQ:EAC), a leading global provider of aviation services, announced today that it will release its earnings results for the second quarter ended June 30, 2016 on Monday, August 15, 2016. Jeff Roberts, the Company’s President and Chief Executive Officer, and David Lancelot, the Company’s Chief Financial Officer, will host a conference call at… Read more »

Source: Erickson, 05-Aug-16

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Air Methods to release earnings numbers on Thursday

Air Methods to release earnings numbers on Thursday

Air Methods Corp. (NASDAQ:AIRM) will be posting its quarterly earnings results after the market closes on Thursday, August 4th. Analysts expect Air Methods Corp. to post earnings of $0.77 per share for the quarter. Air Methods Corp. (NASDAQ:AIRM) last released its quarterly earnings data on Thursday, May 5th. The company reported $0.50 EPS for the… Read more »

Source: Air Methods, 04-Aug-16

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Era Group Announces FY 2016 Q2 Earnings Release Call

Era Group Announces FY 2016 Q2 Earnings Release Call

Era Group Inc. (NYSE: ERA) (“Era”), a leading helicopter transport operator based in the United States, today announced it will release financial results for its second quarter 2016 after the market closes on Tuesday, August 2, 2016. In connection with the release, Era has scheduled a conference call for Wednesday, August 3, 2016, to begin… Read more »

Source: Era, 29-Jul-16

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Air Methods provides Q2 financials update

Air Methods provides Q2 financials update

Air Methods Corporation (Nasdaq:AIRM) today announced preliminary financial and operating results for its second quarter ended June 30, 2016. Results are subject to final quarter-end closing and review procedures and are subject to change. The Company anticipates revenues for the second quarter of 2016 will increase by 11.0% to approximately $293 million compared to revenues… Read more »

Source: Air Methods, 28-Jul-16

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Bristow announces FY2017 Q1 results and concall

Bristow announces FY2017 Q1 results and concall

Bristow Group Inc. (NYSE: BRS), the leading provider of global industrial aviation services, announced today it will release financial results for its fiscal 2017 first quarter ended June 30, 2016, after the market closes on Thursday, August 4, 2016. In conjunction with the release, Bristow has scheduled a conference call, which will be broadcast live… Read more »

Source: Bristow, 19-Jul-16

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Kaman announces release date for 2016 Q2 earnings

Kaman announces release date for 2016 Q2 earnings

Kaman Corp. (NYSE:KAMN) announced today that it will report its second quarter 2016 results after the stock market closes on Thursday, July 28, 2016, and host a live webcast and conference call at 8:30am ET on Friday, July 29, 2016. The call will be accessible by telephone within the U.S. at (866) 291-5954 and from… Read more »

Source: Kaman, 07-Jul-16

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Cobham poaches CFO from rival QinetiQ

Cobham poaches CFO from rival QinetiQ

Cobham plc is pleased to announce the appointment of David Mellors as Chief Financial Officer (CFO). His starting date is to be confirmed but not expected to be later than 1 January 2017. David is currently CFO of QinetiQ Group plc, the FTSE 250 science and engineering company that operates primarily in the defence, security… Read more »

Source: Cobham, 06-Jul-16

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FLIR Systems Acquires Armasight for $41M

FLIR Systems Acquires Armasight for $41M

FLIR Systems, Inc. (NASDAQ: FLIR) announced that it has acquired Armasight, Inc., a leading developer of precision sporting, hunting, and military optics products, for approximately $41 million in cash. Armasight, based in San Francisco, is a global leader in night vision, thermal, and daylight imaging products for hunters, outdoor enthusiasts, law enforcement, and military customers…. Read more »

Source: FLIR Systems, 29-Jun-16

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Bristow Group adds new Board director with particular experience

Bristow Group adds new Board director with particular experience

On June 27, 2016, the Board of Directors (the “Board”) of Bristow Group Inc. (the “Company”) determined that it was in the best interests of the Company and its shareholders to increase the size of the Board from twelve to thirteen directors and has appointed Mr. A. William Higgins to fill the vacant Board position,… Read more »

Source: SEC, 29-Jun-16

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California EMS operators REACH and CALSTAR to merge

California EMS operators REACH and CALSTAR to merge

REACH Air Medical Services LLC (“REACH”) and CALIFORNIA SHOCK TRAUMA AIR RESCUE (“CALSTAR”), two of the preeminent air medical ambulance providers in Northern and Central California for three decades, are entering into an agreement that will place CALSTAR within the same corporate holding company as REACH (“REACH Medical Holdings LLC”). In a joint announcement, REACH… Read more »

Source: REACH, 17-Jun-16

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Erickson agrees to pay $18.5M to settle shareholder suit

Erickson agrees to pay $18.5M to settle shareholder suit

Erickson Inc. and the private equity company that controls it, have reportedly agreed to pay $18.5 million to settle a shareholder’s class-action lawsuit, according to court documents researched by the Oregonian newspaper. The lawsuit was led by Edward Montgomery, an Erickson pilot and shareholder, after a significant drop in the Erickson share price after the… Read more »

Source: HeliHub.com, 15-Jun-16

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Erickson says it is exploring strategic alternatives

Erickson says it is exploring strategic alternatives

Erickson Incorporated (NASDAQ:EAC), a leading global provider of aviation services, announced today the hiring of Imperial Capital, LLC, a full-service investment bank to explore strategic alternatives for the Company.  In addition to Imperial’s capital markets expertise, it specializes in Aerospace, Defense and Government Services, and Airline and Transportation industries among others. President and CEO Jeff… Read more »

Source: Erickson, 09-Jun-16

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Erickson appoints CFO

Erickson appoints CFO

Erickson Incorporated (NASDAQ:EAC), a leading global provider of aviation services, announced today the appointment of airline finance veteran, David W. Lancelot, as Chief Financial Officer effective Monday, June 13, 2016. “Erickson is committed to improving the company’s financial position and increasing revenue,” said Jeff Roberts, President and CEO of Erickson Incorporated. “We will accomplish these… Read more »

Source: Erickson, 09-Jun-16

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Pawan Hans diversifies further ahead of IPO

Pawan Hans diversifies further ahead of IPO

Prior to its intended stock offering, Indian operator Pawan Hans is under some pressure to diversify and be less dependant on offshore helicopter operations.  The company has already announced four regional helicopter maintenance centres and plans to manage heliports. The local Economic Times news points to the new civil aviation policy proposed by the Indian… Read more »

Source: HeliHub.com, 06-Jun-16

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New CFO joins Air Methods

New CFO joins Air Methods

Air Methods announced that Peter Csapo will join America’s largest air medical provider and helicopter operator as chief financial officer (CFO). Csapo will begin his new role effective June 6, succeeding Trent Carman who will be stepping down from his role of more than 13 years. Csapo most recently served as chief financial officer and… Read more »

Source: Air Methods, 02-Jun-16

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Bristow Group Announces Quarterly Dividend

Bristow Group Announces Quarterly Dividend

Bristow Group Inc. (NYSE: BRS) announced today that its Board of Directors approved a $0.07 per share quarterly dividend. The dividend will be payable on June 29, 2016 to stockholders of record at the close of business on June 14, 2016 (the “Record Date”). There were 34,978,397 shares of Bristow’s common stock issued and outstanding as… Read more »

Source: Bristow, 26-May-16

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HNZ to combine trading symbols on Toronto Stock Exchange

HNZ to combine trading symbols on Toronto Stock Exchange

HNZ Group Inc. (TSX: HNZ.A, HNZ.B) (the “Corporation”), an international provider of helicopter transportation and related support services, announced today that it is taking steps to improve the liquidity for its variable voting shares by aggregating the trading of its common and variable voting shares under a single ticker on the Toronto Stock Exchange. The… Read more »

Source: HNZ, 13-May-16

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HNZ report Q1 turnover up 27% despite flying hours down 6%

HNZ report Q1 turnover up 27% despite flying hours down 6%

HNZ Group have reported their first quarter numbers covering January to March 2016, with revenue up 26.6% from $36.5M to $46.2M in the comparative quarter last year.  The company has seen increased revenue from all three business segments, despite flying hours being down 6.49% from 7025 to 6569 hours. The prime reason for the jump… Read more »

Source: HeliHub.com, 12-May-16

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Waypoint increases revolving credit facility by $37M

Waypoint increases revolving credit facility by $37M

Waypoint Leasing (Ireland) Limited (“Waypoint”), today announced that it has closed a revolving credit facility led by the Specialty Finance Lending unit of KeyBank, N.A. This facility provides additional revolving capacity to increase Waypoint’s total revolving credit facility commitments by $37 million to $575 million.  The company will use the proceeds of this transaction to… Read more »

Source: Waypoint, 11-May-16

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PHi First Quarter turnover down 20%

PHi First Quarter turnover down 20%

PHI, Inc. (The Nasdaq Global Market: PHII (voting) PHIIK (non-voting)) today reported financial results for the quarter ended March 31, 2016. Consolidated operating revenues for the three months ended March 31, 2016 were $164.0 million, compared to $204.2 million for the three months ended March 31, 2016, a decrease of $40.2 million. Oil and Gas… Read more »

Source: PHi, 10-May-16

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Court approves CHC First Day Motions to Support Business Operations

Court approves CHC First Day Motions to Support Business Operations

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 »

Source: CHC, 10-May-16

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Argus Completes Acquisition of Unmanned Safety Institute

Argus Completes Acquisition of Unmanned Safety Institute

Argus International, Inc. (Argus) is pleased to announce the acquisition of the Unmanned Safety Institute (USI) of Orlando, Florida, a privately held business that has carved out a recognized and respected position in the safety training, certification and management of unmanned aerial vehicles. The acquisition augments Argus’ global aviation safety presence in the airline, business… Read more »

Source: Argus, 10-May-16

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Bristow announces FY2016 Q4 Earnings Release and Conference Call Schedule

Bristow announces FY2016 Q4 Earnings Release and Conference Call Schedule

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 and fourth quarter ended March 31, 2016, after the market closes on Wednesday, May 25, 2016. In conjunction with the release, Bristow has scheduled a conference call, which… Read more »

Source: Bristow, 09-May-16

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Erickson reports on FY2106 Q1 results

Erickson reports on FY2106 Q1 results

Erickson Incorporated (NASDAQ:EAC) (“Erickson,” the “Company,” “we,” “us” and “our”), a leading global provider of aviation services, today announced first quarter 2016 financial results. “The first quarter was largely consistent with our expectations. Revenue for our services continues to be disappointing as we were unable to replace certain defense, and oil and gas contracts we… Read more »

Source: Erickson, 06-May-16

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CHC files bankruptcy Chapter 11 for restructuring

CHC files bankruptcy Chapter 11 for restructuring

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 »

Source: CHC, 05-May-16

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Babcock buys German operator Heli Aviation

Babcock buys German operator Heli Aviation

Babcock International Group has announced that it has completed the acquisition of Heli Aviation, the German operator based in Augsburg, and this business will sit within Babcock’s Mission Critical Services (MCS) business. With over 7-years’ experience in complex helicopter operations in challenging environments, Heli Aviation operates more than 11 helicopters of various types suitable for… Read more »

Source: HeliHub.com, 28-Apr-16

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Era Group announces FY 2016 Q1 earnings release call

Era Group announces FY 2016 Q1 earnings release call

Era Group Inc. (NYSE: ERA) (“Era”), a leading helicopter transport operator based in the United States, today announced it will release financial results for its first quarter 2016 after the market closes on Tuesday, May 3, 2016. In connection with the release, Era has scheduled a conference call for Wednesday, May 4, 2016, to begin… Read more »

Source: Era Group, 28-Apr-16

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Erickson Announces Date for FY2016 Q1 Results

Erickson Announces Date for FY2016 Q1 Results

Erickson Incorporated (NASDAQ:EAC), a leading global provider of aviation services, announced today that it will release its earnings results for the first quarter ended March 31, 2016 on Thursday, May 5, 2016. Jeff Roberts, the Company’s President and Chief Executive Officer, and Eric Struik, the Company’s Chief Financial Officer, will host a conference call at… Read more »

Source: Erickson, 26-Apr-16

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XTI Aircraft passes $1M in Equity Crowdfunding Investments

XTI Aircraft passes $1M in Equity Crowdfunding Investments

After capturing the imagination of the public with its TriFan 600 vertical takeoff airplane, XTI Aircraft Company (XTI) is accelerating its development program and redoubling efforts to translate excitement about the aircraft into $3 million in actual investments. The $3 million milestone is essential to fund important next steps in an accelerated development program that… Read more »

Source: XTI Aircraft, 22-Apr-16

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Waypoint closes $100 million term loan facility

Waypoint closes $100 million term loan facility

Waypoint Leasing (Ireland) Limited has closed on a $100 million term loan facility led by Lombard North Central Plc. The facility has a maturity of approximately six years and provides for USD, EUR and GBP funding capacity on a delayed draw basis. The company will use the proceeds of this transaction to refinance certain aircraft… Read more »

Source: Waypoint, 19-Apr-16

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CHC misses interest payment – all options open

CHC misses interest payment – all options open

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 »

Source: HeliHub.com, 18-Apr-16

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Air Methods gives in to shareholder Voce Capital

Background – Voce Capital issued press releases as follows – each highly critical of the way Air Methods was being run and to demand a place on the Board September 2015 October 2015 February 2016 – to which Air Methods issued a response to the various points Voce raised, not acceding to any of them… Read more »

Source: Air Methods, 24-Mar-16

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Finmeccanica proposes rename as Leonardo

Finmeccanica have reported on their financial year to 31 December 2015, and as part of the announcement will put a proposal to the shareholders to change the company name to Leonardo.  From the helicopter industry point of view, this comes less than three months after AgustaWestland officially became “Finmeccanica, Helicopters Division”.  The press release follows:-… Read more »

21-Mar-16

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Castle Air buys business jet operator Sovereign

Castle Air buys business jet operator Sovereign

British helicopter operator Castle Air has recently bought Biggin Hill-based Sovereign Business Jets Ltd from AYR Group.  Castle Air Managing Director Ross Bunyard and Sales Manager Barry Chalmers were appointed as directors of Sovereign on 23rd February. [We note that Chalmers is usually referred to as Sales Director or Commercial Director but official company records… Read more »

Source: HeliHub.com, 17-Mar-16

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Lockheed Martin warns of Sikorsky under-performance

Lockheed Martin warns of Sikorsky under-performance

The following is an extract from a recent 10-K filing with the Stock Exchange Commission:-  [can also be seen on Lockheed Martin website here].  It covers impacts in both civil markets – due to oil prices etc – and military markets, where the US DoD has expressed concerns regarding greater consolidation The acquired Sikorsky business… Read more »

Source: Lockheed Martin, 09-Mar-16

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HNZ expands Canadian operations with investment in Acasta Heliflight

HNZ expands Canadian operations with investment in Acasta Heliflight

HNZ Group Inc. (TSX: HNZ.A, HNZ.B) (the “Corporation” or “HNZ”), an international provider of helicopter transportation and related support services, announced today it has enhanced its presence North of 60 through the creation of Acasta HeliFlight Inc. (“Acasta”). Acasta will be based in Yellowknife, NWT and provide specialized Northern Canadian VFR helicopter transportation services across… Read more »

Source: HNZ, 09-Mar-16

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ARGUS Announces Intent to Acquire Unmanned Safety Institute

ARGUS Announces Intent to Acquire Unmanned Safety Institute

ARGUS International, Inc. (ARGUS) is pleased to announce their intent to acquire Unmanned Safety Institute (USI) of Orlando, Florida, a privately held business that has carved out a recognized and respected position in the safety training, certification and management of unmanned aerial vehicles. The acquisition couples nicely with ARGUS’ global presence in the aviation safety… Read more »

Source: Argus, 01-Mar-16

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Honeywell comments on United Technology discussions

Honeywell comments on United Technology discussions

Honeywell (NYSE: HON) confirms that over the past year it has engaged in discussions with United Technologies Corporation regarding a possible business combination. The value creation from a combination is significant, including the benefits of $3.5 billion in annualized cost synergies. We do not see the regulatory process as a material obstacle to a transaction. In fact,… Read more »

Source: Honeywell, 25-Feb-16

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Kaman Board of Directors Declares Dividend

Kaman Board of Directors Declares Dividend

The Kaman Corporation (NYSE:KAMN) board of directors today declared a regular quarterly dividend of 18 cents per common share. The dividend will be paid on April 7, 2016 to shareholders of record on March 15, 2016. About Kaman Corporation Kaman Corporation, founded in 1945 by aviation pioneer Charles H. Kaman, and headquartered in Bloomfield, Connecticut conducts… Read more »

Source: Kaman, 24-Feb-16

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Voce Capital Management is REALLY unhappy with Air Methods

Voce Capital Management is REALLY unhappy with Air Methods

Voce Capital Management LLC (“Voce”) today sent a letter to the Board of Directors (the “Board”) of Air Methods Corporation (“Air Methods” or the “Company”) (Nasdaq:AIRM), announcing that it has nominated the following highly-qualified candidates for election at the 2016 Annual Meeting: 1) Joseph E. Whitters, Executive Partner of investment firm Frazier Healthcare Partners and,… Read more »

Source: Voce Capital Management, 22-Feb-16

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Air Methods responds to Voce Capital Management

Air Methods responds to Voce Capital Management

Air Methods Corporation (Nasdaq:AIRM) (“Air Methods” or the “Company”) today confirmed that it has received notice from Voce Capital Management, LLC of its intent to nominate two director candidates to stand for election to the Air Methods Board of Directors and has submitted a proposal for consideration at the Company’s 2016 Annual Meeting of Shareholders…. Read more »

Source: Air Methods, 22-Feb-16

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Pawan Hans plans four regional MRO centres ahead of IPO

Pawan Hans plans four regional MRO centres ahead of IPO

State-run Pawan Hans Ltd is planning to set up four maintenance, repair and overhaul (MRO) firms as a part of its diversification plan, even as India’s largest helicopter operating firm is exploring an initial public offer (IPO). See Full Story

Source: Live Mint, 22-Feb-16

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Air Methods sets date for December 2015 quarter results

Air Methods sets date for December 2015 quarter results

Air Methods Corporation (Nasdaq: AIRM) will report financial results for the fourth quarter ended December 31, 2015 after the close of the market on Thursday, February 25, 2016. The Company has scheduled a conference call for Thursday, February 25, 2016 at 4:30 p.m. Eastern to discuss these results. Interested parties can access the call by… Read more »

Source: Air Methods, 15-Feb-16

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Erickson sets date for December 2015 quarter results

Erickson sets date for December 2015 quarter results

Erickson Incorporated (NASDAQ:EAC), a leading global provider of aviation services, announced today that it will release its earnings results for the fiscal year ended December 31, 2015 on Thursday, March 3, 2016. Jeff Roberts, the Company’s President and Chief Executive Officer, and Eric Struik, the Company’s Chief Financial Officer, will host a conference call at… Read more »

Source: Erickson, 15-Feb-16

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CHC sets date for December 2015 quarter results

CHC sets date for December 2015 quarter results

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 »

Source: CHC, 15-Feb-16

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Bristow invests in specialist oil and gas UAV company

Bristow invests in specialist oil and gas UAV company

Bristow Group Inc. (NYSE: BRS) and Sky-Futures today announced that Bristow has invested $4.2 million in Sky-Futures, the leading provider of drone inspection data services for the oil and gas industry. This investment gives Bristow immediate entry to the fast-growing UAV services business and bolsters Bristow’s offerings to include drone inspection services. The investment, which… Read more »

Source: Bristow, 10-Feb-16

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Bristow dividend cut from 34 cents to just 7 cents

Bristow dividend cut from 34 cents to just 7 cents

Bristow Group Inc. (NYSE: BRS), the leading provider of helicopter services to the offshore energy industry, announced today that its Board of Directors approved a $0.07 per share quarterly dividend, which compares to $0.34 per share in the prior quarter. The dividend will be payable on March 15, 2016 to stockholders of record at the… Read more »

Source: Bristow, 10-Feb-16

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Bristow offshore turnover down 21.2% in December quarter

Bristow offshore turnover down 21.2% in December quarter

Bristow has released its financial statement for the three months to 31 December 2015, the first directly comparable quarter since the oil price went into free-fall at the back end of 2014.  Turnover in oil-related operations is down 21.2%.  Here are some extracts from the full statement:- Our operating revenue for the December 2015 quarter was impacted… Read more »

Source: Bristow, 09-Feb-16

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Integrated Microwave Technologies (IMT) Acquired by xG Technology

Integrated Microwave Technologies (IMT) Acquired by xG Technology

Integrated Microwave Technologies (IMT), a leader in advanced digital microwave systems serving the broadcast, sports, entertainment and law enforcement markets, is pleased to announce it has been acquired by xG Technology, Inc. (xG), a leader in providing critical wireless communications for use in challenging operating environments. With the acquisition by xG Technology, IMT will continue… Read more »

Source: IMT, 09-Feb-16

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New York Stock Exchange de-lists CHC

New York Stock Exchange de-lists 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 »

Source: CHC, 02-Feb-16

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Pawan Hans plans new income streams as it heads for share offer

Pawan Hans plans new income streams as it heads for share offer

Indian operator Pawan Hans is looking at various options for the near future in order to entice potential investors at the as-yet-untimed point when it hopes to offer shares in a Initial Public Offering (IPO).  These include expanding its existing seaplane operation, and various new income streams such as heliport/helipad operation, operation of small fixed-wing… Read more »

Source: HeliHub.com, 31-Jan-16

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Institutional Investor buys $1M stock in Air Methods

Institutional Investor buys $1M stock in Air Methods

Acadian Asset Management bought a new position in Air Methods Corp (NASDAQ:AIRM) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. See Full Story

Source: EMQ, 27-Jan-16

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Able Engineering sells out to Textron

Able Engineering sells out to Textron

Textron Aviation Inc., a Textron Inc. (NYSE: TXT) company, announced today it has completed the acquisition of Able Engineering & Component Services Inc. and Able Aerospace Inc., an industry-leading repair and overhaul company. Based in Mesa, Arizona, Able provides component repairs, component exchanges and replacement parts, among other support and service offerings for commercial rotorcraft… Read more »

Source: Textron, 22-Jan-16

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Air Methods completes on Tri-State Careflight purchase

Air Methods completes on Tri-State Careflight purchase

Air Methods Corporation (NASDAQ: AIRM), the global leader in air medical transportation, has acquired Tri-State Care Flight. In November, Air Methods announced it entered into a definitive agreement to acquire Tri-State Care Flight and its air medical transport program. “Air Methods would first like to welcome Tri-State Care Flight employees to the team,” said Aaron… Read more »

Source: Air Methods, 22-Jan-16

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Bristow announces FY16 Q3 Earnings Release and Conference Call Schedule

Bristow announces FY16 Q3 Earnings Release and Conference Call Schedule

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 2016 third quarter ended December 31, 2015, after the market closes on Monday, February 8, 2016. In conjunction with the release, Bristow has scheduled a conference call, which… Read more »

Source: Bristow, 22-Jan-16

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Eagle Asset Management raises stake in Air Methods to 5.64%

Eagle Asset Management raises stake in Air Methods to 5.64%

Eagle Asset Management boosted its stake in shares of Air Methods Corp (NASDAQ:AIRM) by 272.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). See Full Story

Source: Dakota Financial News, 05-Jan-16

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CybAero conducts private placement to strategic investors

CybAero conducts private placement to strategic investors

The Board of Directors of CybAero has resolved to conduct a private placement of 2,749,000 shares to Subversive Capital LLC. The resolution is subject to approval at an extraordinary general meeting on December 30, 2015. In addition, it is proposed that the extraordinary general meeting also resolve to elect two representatives of Subversive Capital to… Read more »

Source: CybAero, 16-Dec-15

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Oil price almost at 11 year low

Oil price almost at 11 year low

Both U.S. and global benchmark Brent crude have been tumbling downward since an OPEC meeting Dec. 4 at which the oil-producing countries removed their production ceiling, exacerbating global crude oversupply.  See full story

Source: Reuters, 15-Dec-15

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AAR announces Q2 results release date

AAR announces Q2 results release date

AAR (NYSE: AIR) today announced that it will release financial results for its second quarter of Fiscal Year 2016, ended November 30, 2015, after the market closes on Thursday, December 17, 2015. On Thursday, December 17, 2015, at 3:45 p.m. CST, AAR will hold a conference call to discuss the results. The conference call can… Read more »

Source: AAR, 14-Dec-15

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Finmeccanica denies Boeing approached them to buy UK arm of AgustaWestland

Finmeccanica denies Boeing approached them to buy UK arm of AgustaWestland

Italy’s Finmeccanica (SIFI.MI) has not received any offer for the British arm of its helicopter business AgustaWestland and does not plan to sell it anyway, the aerospace and defense group’s chief executive, Mauro Moretti, said on Friday. See Full Story

Source: Reuters, 14-Dec-15

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CHC announces reverse share split to keep NY Stock Exchange happy

CHC announces reverse share split to keep NY Stock Exchange happy

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 »

Source: CHC, 07-Dec-15

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Breeze-Eastern merges with TransDigm Corp

Breeze-Eastern merges with TransDigm Corp

TransDigm Group Incorporated (“TransDigm”) (NYSE: TDG) and Breeze-Eastern Corporation (“Breeze-Eastern”) (NYSE MKT: BZC) today announced a definitive merger agreement providing for Breeze-Eastern to become an indirect wholly-owned subsidiary of TransDigm. TransDigm and Breeze-Eastern both design, manufacture and supply highly engineered aircraft components. Under the terms of the agreement, a subsidiary of TransDigm will commence a… Read more »

Source: TransDigm, 24-Nov-15

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