Air Comm acquires Meggitt (Addison)
Source: Air Comm, 24-May-13
Air Comm Corporation (ACC), an international leader in the design and certification of environmental control systems (ECS) for turbine helicopters, announced today that it has acquired Meggitt (Addison), Inc., the former Keith Products, in a stock purchase. Keith Products is a leading supplier of ECS for the General Aviation markets. This strategic acquisition combines Keith [...]
Bristow publish results for Q4 and Year ended 31st March 2013
Source: Bristow Group, 23-May-13
Bristow Group Inc. (NYSE: BRS) today reported net income for the March 2013 quarter of $40.4 million, or $1.11 per diluted share, compared to net income of $14.2 million, or $0.39 per diluted share, in the same period a year ago. Adjusted net income, which excludes special items and asset disposition effects, was $36.7 million, or $1.01 per diluted share, for the March 2013 quarter, a decrease of $7.8 million, [...]
Bristow Group Announces 25% Dividend Increase
Source: Bristow Group, 21-May-13
Bristow Group Inc. (NYSE: BRS), the leading provider of helicopter services to the offshore energy industry, announced today that its Board of Directors has approved a 25 percent increase in the company’s dividend, resulting in a quarterly dividend of $0.25per share, up from $0.20 per share previously. The dividend will be payable on June 14, 2013 to stockholders of record at [...]
HNZ reports results for Q1 ended 31-Mar-13
Source: HNZ Group, 15-May-13
The Corporation generated revenue of $54.2million, compared with revenue of $62.5million in the first quarter of 2012. This net decrease is mainly due to the completion of the Ornge contract in the first quarter of 2012 and a decrease in revenues from the northern and southern hemisphere markets due to the current challenging economy. The [...]
HNZ declares monthly dividends
Source: HNZ Group, 15-May-13
HNZ Group Inc. (“HNZ”) (TSX:HNZ.A, HNZ.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, 2013,September 13, 2013 and October 15, 2013 to holders of record at the close of business July 31, 2013, August 30, 2013 and September [...]
DLA Piper represents Erickson Air-Crane in Evergreen acquisition
Source: DLA Piper, 09-May-13
DLA Piper represented Erickson Air-Crane Inc., in a stock purchase agreement for Evergreen Helicopters, Inc. from Evergreen International Aviation Inc. (See Full Story)
CHC Prices Private Offering of US$300M Senior Unsecured Notes Due 2021
Source: CHC, 09-May-13
CHC Helicopter announced today that it has priced a private offering of US$300 million aggregate principal amount of its 9.375% Senior Unsecured Notes due 2021. The offering is exempt from the registration requirements of the Securities Act of 1933, as amended. CHC expects to use proceeds from the notes to repay borrowings outstanding under its [...]
Erickson Air-Crane Announces Date for First Quarter Fiscal Year 2013 Results
Source: Erickson Air-Crane, Inc., 07-May-13
Erickson Air-Crane, Inc. (NASDAQ:EAC), a leading global provider of aviation services to a diverse mix of commercial and government customers and the vertical manufacturer and operator of the powerful, heavy-lift helicopter, the Erickson S-64 Aircrane, today announced that it will release its earnings results for the first quarter fiscal year 2013 ended March 31, 2013 [...]
Soros and Dell back Waypoint helicopter leasing group
Source: Waypoint Leasing, 06-May-13
The funds of two of the world’s highest-profile individual investors – Michael Dell and George Soros – are betting on future high levels of offshore oil production by investing dog reds of millions of dollars in a helicopter leasing company. Read the whole article here: Financial Times
PHI announces results for Q1 to March 31, 2013
Source: PHi, 06-May-13
Consolidated operating revenues for the three months ended March 31, 2013 increased $40.9 million compared to the three months ended March 31, 2012. Our Oil and Gas medium and heavy aircraft flight hours and revenues increased primarily due to increased deepwater drilling activity. Operating revenues in the Air Medical segment increased $21.2 million primarily due [...]
Erickson Air-Crane Announces New $100M Revolving Credit Facility
Source: Erickson Air-Crane, 03-May-13
Erickson Air-Crane Incorporated (NASDAQ:EAC), (“Erickson” or “the Company”), a leading global provider of aviation services to a diverse mix of commercial and government customers and the vertical manufacturer and operator of the powerful, heavy-lift helicopter, the Erickson S-64 Aircrane, announced today that it had entered into a new $100 million, five-year revolving credit facility with [...]
Erickson Air-Crane completes acquisition of Evergreen
Source: Erickson Air-Crane, 03-May-13
Erickson Air-Crane Incorporated (NASDAQ:EAC) (“Erickson” or “the Company”), a leading global provider of aviation services to a diverse mix of commercial and government customers and the vertically integrated manufacturer and operator of the powerful, heavy-lift helicopter, the Erickson S-64 Aircrane, announced today that it had closed its acquisition of Evergreen Helicopters, Inc. (“EHI”) from Evergreen [...]
Air Methods to report Q1 results on May 9
Source: Air Methods, 03-May-13
Air Methods Corporation (Nasdaq:AIRM) will report financial results for the first quarter ended March 31, 2013 after the close of the market on Thursday, May 9, 2013. The Company has scheduled a conference call for Thursday, May 9, 2013 at 4:15 p.m. Eastern to discuss these results. Interested parties can access the call by dialing [...]
Why Erickson Air-Crane Could Double In 2013
Source: Seeking Alpha, 29-Apr-13
Analyst report which suggests that the share price of Erickson Air-Crane could double this year (See Full Story)
Bristow Group Announces FY 2013 Q4 and Year-End Earnings
Source: Bristow Group Inc, 26-Apr-13
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 2013 fourth quarter and year ended March 31, 2013, after the market closes on Wednesday, May 22. In conjunction with the release, Bristow has scheduled a conference call, [...]
Erickson Air-Crane announces price of 8.25% Notes due 2020
Source: Erickson Air-Crane, 26-Apr-13
Erickson Air-Crane Incorporated (Nasdaq: EAC) today announced the pricing of its $400.0 million aggregate principal amount offering of 8.25% Second Priority Senior Secured Notes due 2020 (the “Notes”). The Notes will be Erickson’s second priority senior secured obligations and will be guaranteed by certain of Erickson’s existing and future domestic subsidiaries. The Notes will be [...]
Sikorsky sales down 7% as military cuts take their toll
Source: CT News, 25-Apr-13
Stratford-based Sikorsky Aircraft actually delivered more helicopters in the first quarter of this year than a year ago, but sales revenue was down 7 percent to $1.24 billion, the aircraft maker’s parent corporation reported Tuesday. (See Full Story)
Turbomeca buys Rolls-Royce out of RTM322 program
Source: Safran, 23-Apr-13
Safran (NYSE Euronext Paris: SAF) today announced that it has reached an agreement with Rolls-Royce to acquire Rolls-Royce’s 50% share in their joint RTM322 helicopter engine programme. Upon closing, Turbomeca (Safran’s world leading helicopter engine business) will assume global responsibility for the design, production, product support and services for the RTM322 engine, a 2,100-2,600 shp [...]
AAR Announces Cash Dividend
Source: AAR Corp, 23-Apr-13
AAR CORP. (NYSE: AIR) announced that its Board of Directors at its regularly scheduled meeting declared a quarterly cash dividend of $0.075 per share to its stockholders. The dividend will be paid on May 16, 2013, to stockholders of record as of the close of business on May 2, 2013. Future cash dividends will be [...]
Australia – Heli Charters sold
Source: CLG, 22-Apr-13
National Hospitality and Brewing company, Colonial Leisure Group (CLG) owner of Nautilus Aviation in Townville has entered into a contract to buy Heli Charters in Cairns and the combined business will make it one of the biggest helicopters fleets in northern Queensland. This is the third investment in the region, with CLG acquiring Orpheus Island, [...]
Why Air Methods Shares Plunged 12% in one day
Source: News Times, 22-Apr-13
Air Methods sank 12% today after its preliminary quarterly results disappointed Wall Street. (see full story)
Air Methods Provides Update on Q1 Results
Source: Air Methods, 19-Apr-13
Air Methods Corporation (Nasdaq: AIRM), the largest air medical transportation company in the world, provided preliminary results for first quarter 2013. Total community-based patient transports for the first quarter 2013 are estimated to be 11,841. Patients transported for community bases in operation greater than one year decreased an estimated 1,082 transports, or 9%, while weather [...]
Erickson raising $400M to fund acquisitions
Source: Erickson Air-Crane, 18-Apr-13
Erickson Air-Crane Incorporated (Nasdaq: EAC) announced today that it intends to offer $400 million of its second priority senior secured notes due 2020 to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended, and outside the United States in compliance with Regulation S. The notes will be Erickson’s second [...]
AAR completes add-on offering of 7.25% Senior Notes due 2022
Source: AAR CORP, 16-Apr-13
AAR CORP. (NYSE: AIR) announced today that it has completed its previously announced add-on offering of $150,000,000 aggregate principal amount of its 7.25% Senior Notes due 2022 (the “Notes”) in a private placement to eligible purchasers. The Notes were sold at a price equal to 107.5% of the principal amount thereof, for a yield to [...]
AAR proposes $125M Add-on Offering of 7.25% Senior Notes due 2022
Source: AAR Corp, 11-Apr-13
AAR CORP. (NYSE: AIR) announced today that it intends to commence an add-on offering of $125,000,000 aggregate principal amount of its 7.25% Senior Notes due 2022 (the “Notes”) in a private placement to eligible purchasers. The Notes will be senior unsecured obligations of AAR CORP. (the “Company”) and will be guaranteed by substantially all of [...]
Bristow Group Now Covered by JPMorgan Chase
Source: Dailypolitical, 05-Apr-13
Bristow is a leading provider of helicopter transportation services to the offshore O&G industry, operating 275 aircrafts across all major offshore markets (see full story)
Russian Helicopters reports results for year to 31 December 2012
Source: Russian Helicopters, 05-Apr-13
Russian Helicopters, JSC (“the Company”), a leading global designer and manufacturer of helicopters, and producer of some of the world’s most innovative and widely operated models, announces its consolidated operating and audited financial results for the year ended 31 December 2012 under IFRS. Helicopter deliveries increased by 10.7% and reached 290 units; Firm backlog totaled [...]
Here is What Hedge Funds Think About Air Methods
Source: Insider Monkey, 05-Apr-13
Air Methods Corp was in 12 hedge funds’ portfolio at the end of December. AIRM has seen a decrease in activity from the world’s largest hedge funds in recent months. There were 14 hedge funds in our database with AIRM positions at the end of the previous quarter (see full story)
HNZ Group Reports 2012 Year-End Results
Source: HNZ Group Inc., 28-Mar-13
HNZ Group Inc. (TSX: HNZ.A, HNZ.B) (“the Corporation”), an international provider of helicopter transportation and related support services, today announced its financial and operating results for the fourth quarter and fiscal year ended December 30, 2012. FOURTH QUARTER RESULTS The Corporation generated revenue of $60.7 million, compared with revenue of $68.7 million in the fourth [...]
HNZ Group declares monthly dividends
Source: HNZ Group Inc, 28-Mar-13
HNZ Group Inc. (“HNZ”) (TSX : HNZ.A, HNZ.B) announced today that its Board of Directors has declared monthly dividends of $0.091875 per Common Share and Variable Voting Shares, payable on each of May 15, 2013, June 14, 2013 and July 15, 2013 to holders of record at the close of business April 30, 2013, May [...]
Erickson Air-Crane acquires Evergreen Helicopters
Source: Erickson Air-Crane, 20-Mar-13
EHI, based in McMinnville, Oregon, is a diversified global provider of air transport services for cargo and personnel to government and commercial customers. EHI was founded by aviation pioneer Mr. Delford Smith. At closing, this transaction would provide Erickson Air-Crane with an incremental fleet of 64 aircraft, consisting of both helicopters and fixed-wing airplanes. This [...]
PHI, Inc. Announces Financial Results for the Year 2012
Source: PHI Inc, 18-Mar-13
PHI, Inc. (“PHI”) (The Nasdaq Global Market: PHII (voting) PHIIK (non-voting)) today reported financial results for the year ended December 31, 2012. Consolidated operating revenues for the year ended December 31, 2012 increased $107.1 million over the year ended December 31, 2011. Our Oil and Gas medium and heavy aircraft flight hours and revenues increased [...]
Erickson Air-Crane reports FY2012 and Q4 results
Source: Erickson Air-Crane, 12-Mar-13
-Erickson Air-Crane Incorporated (NASDAQ: EAC) (“Erickson Air-Crane”, “Erickson”, the “Company”, “we”, “us” and “our”), a leading operator and the manufacturer of the powerful Erickson S-64 Aircrane heavy-lift helicopter, today announced financial results for the fourth quarter and full year ended December 31, 2012. Full-Year 2012 highlights include: Revenue increased 18.4% to $180.8 million Flight hours [...]
Losses widen at CHC Ireland
11-Mar-13
Losses at the private helicopter company that has a €500m state contract for offshore SAR have increased to €2.78m. (see full story)
CHC to Release FY2013 Q3 Results
Source: CHC, 11-Mar-13
CHC Helicopter expects to release its fiscal-2013 third-quarter financial results for the period ended Jan. 31 after market close on Wednesday, March 13. CHC senior leaders will discuss the company’s strategy and operating performance during a conference call and webcast on Thursday, March 14, at 5 p.m. Eastern Time. Investors, members of the news media [...]
Erickson Air-Crane provides update on acquisition of HRT
Source: Erickson Air-Crane, 08-Mar-13
Erickson Air-Crane Incorporated (NASDAQ: EAC) (“Erickson Air-Crane” or the “Company”), a leading operator and the manufacturer of the powerful heavy-lift Erickson S-64 Aircrane helicopter, today announced that it has executed a binding term sheet and made significant progress toward completion of its previously announced intention to purchase the Air Amazonia aerial services business from HRT [...]
Erickson Air-Crane Announces Date for Q4 and FY2012 Results
Source: Erickson Air-Crane, 08-Mar-13
Erickson Air-Crane, Inc. (NASDAQ:EAC), a leading operator and the manufacturer of the powerful heavy-lift helicopter, the Erickson S-64 Aircrane, today announced that it will release its earnings results for the fourth quarter and fiscal year ended December 31, 2012 on Monday, March 11, 2013 before the market opens. Udo Rieder, the Company’s President and Chief [...]
Helijet Grants Options
Source: Helijet International Inc, 04-Mar-13
VANCOUVER, BRITISH COLUMBIA. Helijet International Inc. (TSX VENTURE:HJI) (the “Company”) as previously disclosed in its quarterly disclosure MD&A, Helijet has granted an aggregate of 1,566,400 common share purchase options (“Options”) to employees and management which have a ten year term until September 1, 2022, and of which 311,200 were granted to insiders. All of the [...]
Era Group announces results Q4 and Year to 31 December 2012
Source: Era Group, 01-Mar-13
Era Group Inc. ERA -0.64% today announced its results for the fourth quarter and year ended December 31, 2012. Prior to January 31, 2013, Era Group was a wholly owned subsidiary of SEACOR Holdings Inc. (“SEACOR”). On January 31, 2013, SEACOR completed the spin-off of Era Group (“Spin-off”). Era Group is now an independent public [...]
Abu Dhabi Aviation releases results to 31 December 2012
Source: Abu Dhabi Aviation, 28-Feb-13
Abu Dhabi Aviation made 734.17m ($200M) revenue in 2012 compared with 719.52m ($196M) in 2011 (2% increase), Operating Profit of 299.28m ($81M) compared with 280.64m ($76M) 2011 (increase of 7%), net profit of AED 284.41m ($77M) compared to 172.96m ($47M) in 2011 (65% increase). The net profit increase includes a one off release from the [...]
Kaman reports 2012 Q4 and Full Year Results
Source: Kaman, 26-Feb-13
Fourth Quarter 2012 Highlights From Continuing Operations: Diluted earnings per share of $0.52 ($0.61 Adjusted*), up 40.5% (15.1% Adjusted*) Net sales $399.3 million Distribution operating margin: 4.5% (4.6% Adjusted*) Aerospace operating margin: 15.0% (17.8% Adjusted*) Full Year 2012 Highlights From Continuing Operations: Diluted earnings per share of $2.03 ($2.18 Adjusted*), up 8.0% (8.5% Adjusted*) Record [...]
Air Methods to Report Q4 and FY2012 Financial Results
Source: Air Methods, 25-Feb-13
Air Methods Corporation (Nasdaq:AIRM) will report financial results for the fourth quarter ended December 31, 2012 after the close of the market on Thursday, February 28, 2013. The Company has scheduled a conference call for Thursday, February 28, 2013 at 4:15 p.m. Eastern to discuss these results. Interested parties can access the call by dialing [...]
Kaman Board of Directors Declares Dividend
Source: Kaman, 22-Feb-13
The Kaman Corporation board of directors today declared a regular quarterly dividend of 16 cents per common share. The dividend will be paid on April 2, 2013 to shareholders of record on March 19, 2013. About Kaman Corporation Kaman Corporation, founded in 1945 by aviation pioneer Charles H. Kaman , and headquartered in Bloomfield, Connecticut [...]
Expedition Helicopters acquires Kelner Helicopters fleet
Source: Expedition Helicopters, 20-Feb-13
Expedition Helicopters Inc. has acquired the fleet of V. Kelner Helicopters located in Thunder Bay. Expedition Helicopters, owned and operated by Todd Calaiezzi, has a main base in Cochrane, satellite offices in Moosenee and Moose Factory, Hearst, Roquemaure, Que. and Gatineau, Que., and now in Northwestern Ontario. The Thunder Bay satellite office is conveniently located [...]
UTair enters the Top 100 most valuable companies in Russia
Source: UTair, 19-Feb-13
OJSC “Airline” UTair »(UTair Aviation) took 23rd place in the ranking of the” Top 100 most valuable companies in Russia “according to the monthly business magazine” RBC “. The capitalization of the Company as of December 20, 2012 amounted to 411 million U.S. dollars, a 28.4% increase of this indicator in 2011. The rating was [...]
Heli-Aust group in receivership
Source: SmartCompany, 15-Feb-13
The Heli-Aust group has entered receivership and is being put up for sale. The group is made up of five businesses: Heli-Aust, Heli-Muster, Aero Support, Heli-Aus Investments and Wieland Helicopter Company and it has less than 30 employees. (see full story)
Ledcor completes acquisition of Trinity Helicopters
Source: Ledcor, 06-Feb-13
Ledcor Air Limited, a member of The Ledcor Group of Companies, announced today that it has concluded the purchase of Trinity Helicopters Limited, based in Yellowknife, Northwest Territories. “We are pleased to have finalized the acquisition of Trinity Helicopters. Their operations and client-base complements our existing aviation businesses, Summit Air and Arctic Sunwest Charters,” said [...]
Bristow Group announces Quarterly Dividend
Source: Bristow Group, 05-Feb-13
Bristow Group Inc. (NYSE: BRS), the leading provider of helicopter services to the offshore energy industry, announced today that its Board of Directors has declared a quarterly dividend of $0.20 per share of common stock issued and outstanding at the close of business on March 1, 2013 (the “Record Date”). The dividend will be payable on March 15, 2013 to stockholders of [...]
Bristow Group reports results for 2013 Q3 and nine months to 31-Dec-12
Source: Bristow Group, 05-Feb-13
Bristow Group Inc. (NYSE: BRS) today reported net income for the December 2012 quarter of $36.4 million or$1.00 per diluted share compared to net income of $25.5 million or $0.70 per diluted share in the same period a year ago. Adjusted net income, which excludes asset disposition effects and special items, was $42.6 million or $1.17per diluted share for the December 2012 quarter, an increase of $14.8 millionor $0.41 per diluted share over [...]
CITIC Offshore Helicopter sells CITIC General Aviation
Source: China Daily, 05-Feb-13
Citic Offshore Helicopter Co has announced plans to divest its 94% stake in Citic General Aviation for a minimum value of 84.57 million yuan ($13.58 million). (see news story)
Era Group begins trading on NYSE as an Independent Public Company
Source: SEACOR Holdings, 04-Feb-13
SEACOR Holdings Inc. (NYSE: CKH) (“SEACOR”) and Era Group Inc. (“Era Group”) today [Friday 1st February] announced the successful completion of the spin-off of Era Group from SEACOR, finalizing the transition to Era Group’s status as an independent public company. Until this point a subsidiary of SEACOR, Era Group attained full independent status yesterday, January [...]
Canadian Maritime H-92 hits Sikorsky parent UTC results
Source: HeliHub.com, 24-Jan-13
UTC, the parent company of Sikorsky, reported its fourth quarter and full year results yesterday. In a very telling section of the press release, they admit that “earnings per share [of parent UTC] of $1.04 were down 27%” and of that, “results included a $0.12 charge recorded at Sikorsky related to the Canadian Maritime Helicopter [...]
Arizona – Sky Blue Helicopters ceases trading
Source: HeliHub.com, 21-Jan-13
Arizona operator Sky Blue Helicopters has ceased trading, and its website removed from the internet. The last posting on their still-active Facebook page was in February 2012 when they posted the optimistic “It’s a beautiful Friday here at Sky Blue! Gearing up for one busy weekend!!”, somewhat bizarrely just 13 days after they started their [...]
S&P lowers debt rating of AW parent Finmeccanica
Source: Reuters, 21-Jan-13
Ratings agency Standard and Poor’s has down-graded Finmeccanica debt with a statement that says they no longer believe that the company’s metrics will improve in 2013, “even if come disposals are forthcoming”. They give an outlook of “stable”, believing the company can slightly improve operating profits in 2013. (see full text)
Bristow to present At The 2013 Credit Suisse Energy Summit
Source: Bristow Group, 20-Jan-13
Bristow Group Inc. (NYSE:BRS), the leading provider of helicopter services to the offshore energy industry, today announced that it will be presenting at the 2013 Credit Suisse Energy Summit to be held in Vail, Colorado on February 4 – 7, 2013. Bristow Group management is scheduled to present on Wednesday, February 6, at 9:15 a.m. Mountain [...]
Bristow announces FY2013 Q3 earnings release and concall schedule
Source: Bristow Group, 17-Jan-13
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 2013 third quarter after the market closes on Monday, February 4. In conjunction with the release, Bristow has scheduled a conference call, which will be broadcast live over the [...]
Seacor declares spin-off dividend of Era Group shares
Source: Seacor Holdings, 15-Jan-13
SEACOR Holdings Inc. and Era Group Inc. (“Era Group”) today announced the timing and details regarding the spin-off of Era Group from SEACOR. The SEACOR board of directors has declared a pro rata dividend of the shares of Era Group common stock owned by SEACOR that will result in the complete legal and structural separation [...]
Greenwich AeroGroup acquires Aero Precision Industries
Source: Greenwich AeroGroup, 10-Jan-13
Greenwich AeroGroup, Inc. has announced that it has signed a definitive agreement to acquire Aero Precision Industries, LLC. Based in Livermore, Calif., Aero Precision is a recognized leader in the supply of aftermarket original equipment manufacturer (OEM) parts, systems and custom logistic support services for military aircraft operators worldwide. “Aero Precision has done an outstanding [...]
Air Methods acquires Sundance Helicopters for $44M
Source: Air Methods, 01-Jan-13
Air Methods Corporation (NASDAQ: AIRM), the global leader in air medical transportation, announced today that it has entered into a definitive stock purchase agreement to acquire all of the outstanding shares of capital stock of Sundance Helicopters, Inc. (Sundance), a helicopter tour operator based in Las Vegas, Nevada. Sundance is a leader in helicopter tour [...]
AAR reports Fiscal 2013 Q2 results
Source: AAR, 19-Dec-12
AAR (NYSE: AIR) today reported second quarter fiscal year 2013 consolidated sales of $512.8 million and net income of $17.8 million, or $0.44 per diluted share. This compares to year-ago sales of $482.0 million and net income of $17.6 million, or $0.43 per diluted share. Commercial sales increased 28% over the prior year’s second quarter, rising to 60% of consolidated sales compared to 50% of consolidated [...]
Single bidder scuppers Korea Aerospace stake sale
Source: Bloomberg, 18-Dec-12
Shipbuilder Hyundai Heavy Industries Co. was the only bidder ahead of the deadline. At least two bids are needed for a deal to go ahead because of rules covering sales by government entities. (see full story)
UTair shares join Russia’s RTS2 stock market index
Source: UTair, 17-Dec-12
On December 18, 2012 the shares of OJSC “Airline” UTair ” (UTAR) are included in the RTS-2 (RTS2) Moscow stock exchange. The presence of “UTair” in the index indicates an increase in the liquidity of the securities in the stock market and their investment appeal. “The inclusion of the shares of” UTair “in the index [...]
Helinet Aviation acquires NZ aerial camera company
Source: Helinet Aviation, 17-Dec-12
Helinet Aviation Services, a diversified flight services company, announced today the acquisition of Shotover Camera Systems, developer of the world’s first gyro-stabilized camera system for shooting aerial footage in Ultra High-Definition, the next generation digital video standard announced earlier this year. Lightweight and compact enough to be transported as excess baggage by a single person, [...]
Erickson Air-Crane to Webcast its Presentation at the Imperial Capital Security Investor Conference
Source: Erickson Air-Crane, 13-Dec-12
Erickson Air-Crane, Inc. (EAC), a leading operator and the manufacturer of the powerful heavy-lift helicopter, the Erickson S-64 Aircrane, announced today that it will be presenting at the 2012 Imperial Capital Security Investor Conference in New York City. The presentation is to be held at 1:45 p.m. ET on Thursday, December 13, 2012. Udo Rieder, [...]
CHC Helicopter reports 2013 Q2 numbers
Source: CHC, 12-Dec-12
Revenue and earnings were up in CHC Helicopter’s fiscal second-quarter 2013, as the company continues to transform itself into the most capable and efficient global helicopter-services operator. CHC’s revenue for the quarter, which ended Oct. 31, increased 6 percent from the same period a year ago, to $447 million. It was the seventh straight quarter [...]
Garmin to join S&P 500
Source: Garmin, 12-Dec-12
Garmin Ltd. (NASDAQ: GRMN), the global leader in satellite navigation, today announced that it will become a component in the S&P 500 index after the close of trading on Tuesday, December 11. “The S&P 500 index is widely recognized as a bellwether of the American equities market and we are honored to be listed among [...]
Air Methods declares Special Cash Dividend
Source: Air Methods, 11-Dec-12
Air Methods Corporation (Nasdaq:AIRM), the global leader in air medical transportation, announced today that its board of directors has declared a special cash dividend of $7.00 per share (on a pre-split basis) on the Company’s common stock, payable on December 28, 2012 to stockholders of record at the close of business on December 20, 2012. [...]
Milestone Aviation Group proposes offering of $250M unsecured notes
Source: Milestone Aviation Group, 07-Dec-12
The Milestone Aviation Group Limited (“Milestone”) today announced that it intends to offer (the “Offering”) $250 million in aggregate principal amount of its Senior Notes due 2017 (the “Notes”). Milestone intends to use the net proceeds of the Offering to finance the purchase of aircraft and to refinance previously purchased aircraft. The remainder, if any, [...]
EADS overhauls Governance and Share Structure
Source: EADS, 05-Dec-12
The EADS Board of Directors and the company’s core shareholders have agreed on a far-reaching change of the company’s shareholding structure and governance. This agreement aims at normalising and simplifying the governance of EADS while securing a shareholding structure that allows France, Germany and Spain to protect their legitimate strategic interests. Subject to customary regulatory [...]
EADS responds to recent share reshuffling reports
Source: EADS, 04-Dec-12
Further to recent press reports and speculation, EADS NV confirms that key shareholders are discussing potential changes in the company shareholding structure and corporate governance. The company is participating actively in such discussions, as appropriate, with the support of its Board of Directors, with the objective to preserve and enhance, where appropriate, the interests of [...]
Air Methods shareholders approve 3-for-1 stock split
Source: Air Methods, 04-Dec-12
The stockholders of Air Methods Corporation (Nasdaq:AIRM), the global leader in air medical transportation, today approved a three-for-one stock split, an increase from 23.5 million to 70.5 million in the number of authorized shares of the Company’s Common Stock and an increase from 5 million to 15 million in the number of authorized shares of [...]
CHC to release Q2 numbers on 11th December
Source: CHC, 04-Dec-12
CHC Helicopter expects to release its fiscal-2013 second-quarter financial results for the period ended Oct. 31 after market close on Tuesday, Dec. 11. CHC senior leaders will discuss the company’s strategy and operating performance during a conference call and webcast on Wednesday, Dec. 12, at 5:00 p.m. Eastern Time. Members of the news media, investors [...]
AeroVironment invests in CybAero to gain US/NATO selling rights
Source: AeroVironment, 04-Dec-12
AeroVironment, Inc. (NASDAQ: AVAV) today announced it has entered into a strategic relationship with Sweden-based CybAero AB (NASDAQOMXS: CBA) to develop and distribute a Tier II vertical takeoff and landing (VTOL) unmanned aircraft system in response to unmet requirements from multiple customers. The relationship gives AeroVironment exclusive rights to provide CybAero AB systems to United [...]
Kaman closes on new $500M five-year credit facility
Source: Kaman, 21-Nov-12
Kaman Corporation (NYSE:KAMN) announced that today it has closed on a new five-year $500 million credit facility replacing its prior $317.5 million credit facility. The facility includes a collateralized security agreement and carries a standard financial covenant package, which the company believes reflects current market terms and conditions. The facility consists of a $400 million revolving credit [...]
HNZ Group reports 2012 Q3 results
Source: HNZ Group, 13-Nov-12
HNZ Group Inc. (TSX: HNZ.A, HNZ.B) (“the Company”), an international provider of helicopter transportation and related support services, today announced its financial and operating results for the third quarter ended September 30, 2012. THIRD QUARTER RESULTS The Company generated revenue of $70.0 million, compared with revenue of $85.4 million in the third quarter of 2011. [...]
