Financials

Air Methods Reports 3Q2014 Results and 4Q2014 Update

Air Methods Reports 3Q2014 Results and 4Q2014 Update

10-Nov-2014Source: Air Methods

Air Methods Corporation (Nasdaq:AIRM) reported results for the quarter ended September 30, 2014. Revenue increased 10% to $277.8 million from $252.4 million in the year-ago quarter. For the nine-month period, revenue increased 15% to $759.4 million, up from $657.8 million in the prior-year nine-month period. For the quarter, net income decreased 5% to $33.7 million,... Read more

Erickson Reports Third Quarter to 30th September 2014

Erickson Reports Third Quarter to 30th September 2014

10-Nov-2014Source: Erickson

Erickson Incorporated (NASDAQ:EAC) (“Erickson,” the “Company,” “we,” “us” and “our”), a leading global provider of aviation services to a worldwide mix of commercial and government customers and the vertically integrated manufacturer and operator of the powerful, heavy-lift helicopter, the Erickson S-64 Aircrane, today announced third quarter and year to date 2014 financial results. Udo Rieder,... Read more

Bristow Group Reports Results for 2015 Q2

Bristow Group Reports Results for 2015 Q2

10-Nov-2014Source: Bristow

Bristow Group Inc. (NYSE: BRS) today reported GAAP net income for the September 2014 quarter of $26.1 million, or $0.73 per diluted share, compared to net income of $110.6 million, or $3.01 per diluted share, in the same period a year ago. Adjusted net income, which excludes special items and asset disposition effects, decreased 33% to $31.1 million, or $0.87 per diluted share, for the September 2014quarter, compared... Read more

CHC announces $100M rights offering

CHC announces $100M rights offering

6-Nov-2014Source: CHC

CHC Group Ltd. (NYSE:HELI), the parent company of CHC Helicopter, today announced that it has commenced a rights offering for up to $100 million of convertible preferred shares. For each ordinary share of the company owned on the record date of Nov. 3, 2014, shareholders will receive at no charge a nontransferable right to purchase... Read more

Kaman Reports 2014 Third Quarter Results

Kaman Reports 2014 Third Quarter Results

4-Nov-2014Source: Kaman

Extracts from the full financial statements as follows Overview Neal J. Keating, Chairman, President and Chief Executive Officer, stated, “While we faced several challenges during the third quarter we are pleased that Aerospace continued to deliver improved margin performance and Distribution achieved its fourth consecutive quarter of organic sales growth. In addition, we generated very... Read more

CD&R Completes First Stage of CHC Investment

CD&R Completes First Stage of CHC Investment

31-Oct-2014Source: CHC

Clayton, Dubilier & Rice (CD&R) has completed the first stage of CD&R’s investment in CHC Group Ltd. (NYSE: HELI) through the purchase of 116,000 convertible preferred shares in a private placement for a price of $116 million, consistent with terms of an investment agreement that CHC and CD&R entered into on Aug. 21. CD&R is... Read more

Twin Haven buys Apache / Black Hawk supplier Impresa

Twin Haven buys Apache / Black Hawk supplier Impresa

22-Oct-2014Source: Impresa

Impresa Aerospace, a leading supplier to the commercial and military aerospace industries, announced today that it has been acquired by a private equity fund managed by Twin Haven Capital Partners, LLC. As a result of this acquisition and an accompanying capital infusion, Impresa’s liquidity position has been significantly enhanced and its net debt has been... Read more

Kaman announces Release Date for FY2014 Q3 Earnings

Kaman announces Release Date for FY2014 Q3 Earnings

21-Oct-2014Source: Kaman

Kaman Corp. (NYSE:KAMN) announced today that it will report its third quarter 2014 results after the stock market closes on Monday, November 3, 2014, and host a live webcast and conference call at 8:30am ET on Tuesday, November 4, 2014. The call will be accessible by telephone within the U.S. at (866) 543-6403 and from... Read more

Milestone Aviation sold for $1.8 billion to GE Capital

Milestone Aviation sold for $1.8 billion to GE Capital

13-Oct-2014Source: Milestone Aviation

 GE Capital Aviation Services (GECAS), the aircraft leasing unit of GE (NYSE: GE), today announced the signing of an agreement to acquire Milestone Aviation Group, the Dublin-based helicopter lessor, for $1.775 billion. “The Milestone acquisition is a great fit for GE – it combines GECAS’ global reach and 45+ years in leasing commercial jets with... Read more

Erickson Air-Crane share price dropped 10.48% on Friday

Erickson Air-Crane share price dropped 10.48% on Friday

29-Sep-2014Source: Equities

Erickson Air-Crane Inc (EAC) was one of the Russell 2000’s biggest losers for September 26 as the stock slid 10.48% to $13.16, a loss of $1.54 per share. See Full Story... Read more

Milestone Aviation Group prepares for IPO

Milestone Aviation Group prepares for IPO

9-Sep-2014Source: Milestone

The Milestone Aviation Group Limited (“Milestone”) today announced that it has confidentially submitted a draft registration statement on Form S-1 to the U.S. Securities and Exchange Commission (the “SEC”) relating to a proposed initial public offering of Milestone’s common shares. The number of common shares to be offered and the price range for the proposed... Read more

CHC to Host 2015 Q1 Earnings Conference Call and Webcast Live on Tuesday

CHC to Host 2015 Q1 Earnings Conference Call and Webcast Live on Tuesday

9-Sep-2014Source: CHC

CHC Group Ltd. HELI, -1.89% the parent company of CHC Helicopter, will host a conference call and live webcast to discuss the results of the first quarter 2015, to be held Tuesday, September 9, 2014 at 8:00 AM Eastern Time. To participate in this event, dial 877-407-0778 domestically, or 201-689-8565 internationally, approximately 5 to 10... Read more

Nautilus Aviation to buy Cape York Helicopters

Nautilus Aviation to buy Cape York Helicopters

8-Sep-2014Source: Nautilus Aviation

The acquisition of Cape York Helicopters will broaden the diversity of Nautilus Aviation’s current operation and expand the current fleet of helicopters to 22. Nautilus Aviation continues to develop in to one of Australia’s leading rotary wing operators, providing exceptional customer service and raising industry standards. Aaron Finn, chief executive officer of Nautilus Aviation, has... Read more

Era Group Inc. Announces Share Repurchase Authorization

Era Group Inc. Announces Share Repurchase Authorization

15-Aug-2014Source: Era Group

Era Group Inc. (NYSE: ERA) (“Era”) today announced that its Board of Directors authorized the repurchase of up to $25 million in value of its common stock from time to time. The repurchase authorization permits the Company to make repurchases on a discretionary basis as determined by an Executive Committee of the Company’s Board of Directors,... Read more

CHC sets dates for FY2015 Q1 Earnings, First Analyst Meeting

CHC sets dates for FY2015 Q1 Earnings, First Analyst Meeting

14-Aug-2014Source: CHC

CHC Group Ltd. (NYSE:HELI), the parent company of CHC Helicopter, plans to issue its earnings release for the fiscal-year 2015 first quarter, which ended July 31, after market close on Monday, Sept. 8. The following day, Tuesday, Sept. 9, the company will hold its quarterly call for analysts at 8 a.m. (Eastern Time). The call... Read more

Era Group CEO Sten Gustafson on FY2014 Q2 Results – Earnings Call Transcript

Era Group CEO Sten Gustafson on FY2014 Q2 Results – Earnings Call Transcript

13-Aug-2014Source: Seeking Alpha

Welcome everyone to the ERA Group Earnings Call. See Full Story... Read more

Era Group reports FY2014 Q2 Results

Era Group reports FY2014 Q2 Results

13-Aug-2014Source: Era Group

Era Group Inc. (NYSE: ERA) today reported net income for its second quarter ended June 30, 2014 of $5.2 million, or $0.26 per diluted share, on operating revenues of $86.6 million compared to net income of $5.1 million, or $0.25 per diluted share, on operating revenues of $74.2 million in the prior year second quarter. Excluding... Read more

Bristow Group CEO Jonathan Baliff on FY2015 Q1 Results – Earnings Call Transcript

Bristow Group CEO Jonathan Baliff on FY2015 Q1 Results – Earnings Call Transcript

13-Aug-2014Source: Seeking Alpha

Welcome to the Bristow Group’s First Quarter 2015 Earnings Conference Call See Full Story... Read more

Bristow Group Reports Financial Results For FY 2015 Q1 to June 30, 2014

Bristow Group Reports Financial Results For FY 2015 Q1 to June 30, 2014

13-Aug-2014Source: Bristow Group

Bristow Group Inc. (NYSE: BRS) today reported net income for the June 2014 quarter of $44.1 million, or $1.23 per diluted share on a GAAP basis, compared to net income of $26.9 million, or $0.74 per diluted share, in the same period a year ago. Adjusted net income, which excludes special items and asset disposition effects, increased 30% to $47.4 million, or $1.32 per diluted share, for... Read more

Air Methods’ CEO Aaron Todd on Q2 2014 Results – Earnings Call Transcript

Air Methods’ CEO Aaron Todd on Q2 2014 Results – Earnings Call Transcript

13-Aug-2014Source: Seeking Alpha

Welcome everyone to the Air Methods’ Second Quarter 2014 Financial Results Conference Call. See Full Story... Read more

Air Methods Reports 2Q2014 Results and 3Q2014 Update

Air Methods Reports 2Q2014 Results and 3Q2014 Update

13-Aug-2014Source: Air Methods

Air Methods Corporation (Nasdaq:AIRM), the global leader in air medical transportation, reported financial results for the quarter ended June 30, 2014 and provided an update on July 2014 patient transports. For the quarter, revenue increased 14% from $226.2 million to $258.5 million from the prior year quarter.  For the six-month period, revenue increased 19% to... Read more

Bristow reports results for FY2015 Q1 to June 30, 2014

Bristow reports results for FY2015 Q1 to June 30, 2014

5-Aug-2014Source: Bristow Group

Bristow Group Inc. (NYSE: BRS) today reported net income for the June 2014 quarter of$44.1 million, or $1.23 per diluted share on a GAAP basis, compared to net income of $26.9 million, or $0.74 per diluted share, in the same period a year ago. Adjusted net income, which excludes special items and asset disposition effects, increased 30% to $47.4 million, or $1.32 per diluted share, for... Read more

Air Methods to Report Q2 Financial Results

Air Methods to Report Q2 Financial Results

1-Aug-2014Source: Air Methods

Air Methods Corporation (Nasdaq: AIRM) will report financial results for the second quarter ended June 30, 2014 after the close of the market on Thursday, August 7, 2014.  The Company has scheduled a conference call for Thursday, August 7, 2014 at 4:15 p.m. Eastern to discuss these results. Interested parties can access the call by... Read more

Milestone announces proposed private offering of $350M Notes

Milestone announces proposed private offering of $350M Notes

31-Jul-2014Source: Milestone Aviation

The Milestone Aviation Group Limited (“Milestone”) today announced that it intends to offer (the “Offering”) $350 million in aggregate principal amount of its Senior Notes due 2017 (the “Notes”). Milestone intends to use the net proceeds of the Offering to pay down a portion of its secured debt. The remainder, if any, of the net... Read more

New Report: Air Methods – Financial and Strategic SWOT Analysis Review

New Report: Air Methods – Financial and Strategic SWOT Analysis Review

22-Jul-2014Source: Fast Market Research

Air Methods Corporation (AIRM) – Financial and Strategic SWOT Analysis Review provides you an in-depth strategic SWOT analysis of the company’s businesses and operations. The profile has been compiled by GlobalData to bring to you a clear and an unbiased view of the company’s key strengths and weaknesses and the potential opportunities and threats. The... Read more

Kaman announces Release Date for FY 2014 Q2 Earnings

Kaman announces Release Date for FY 2014 Q2 Earnings

17-Jul-2014Source: Kaman

Kaman Corp. (NYSE:KAMN) announced today that it will report its second quarter 2014 results after the stock market closes on Monday, August 4, 2014, and host a live webcast and conference call at 8:30am ET on Tuesday, August 5, 2014. The call will be accessible by telephone within the U.S. at (877) 703-6103 and from... Read more

Bristow announces FY2015 Q1 Earnings Release and ConCall Schedule

Bristow announces FY2015 Q1 Earnings Release and ConCall Schedule

11-Jul-2014Source: Bristow

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 2015 first quarter ended June 30, 2014, after the market closes on Monday, August 4, 2014.  In conjunction with the release, Bristow has scheduled a conference call, which... Read more

AAR to announce Q4 and FY2014 results on July 15th

AAR to announce Q4 and FY2014 results on July 15th

11-Jul-2014Source: AAR

AAR (NYSE: AIR) today announced that it will release financial results for its fourth quarter and Fiscal Year 2014, ended May 31, 2014, after the market closes on Tuesday, July 15, 2014. On Wednesday, July 16, 2014, at 7:30 a.m. CDT, AAR will hold a conference call to discuss the results. The conference call can be accessed by calling 866-802-4322... Read more

CHC reports FY2014 full year results and provides FY2015 guidance

CHC reports FY2014 full year results and provides FY2015 guidance

10-Jul-2014Source: CHC

CHC Group Ltd. (NYSE:HELI), the parent company of CHC Helicopter, said it entered fiscal 2015 well positioned to deliver on its long-term financial priorities of strengthening the balance sheet, generating free cash flow and delivering profitable growth. Along with operating results for fiscal 2014, which ended April 30, the company today provided the first long-term... Read more

Switzerland – Eagle Helicopter in liquidation

Switzerland – Eagle Helicopter in liquidation

8-Jul-2014Source: HeliHub.com

Eagle Helicopter AG, based at Sion in Switzerland, was placed in liquidation by Swiss authorities on 1st July as documented here in their official Gazette Schweizerisches Handelsamtsblatt.  The company has until then operated three A109s for third parties – an A, an E and a K2 model – and a Super Puma which it leased... Read more

Russian Helicopters announces results of AGM

Russian Helicopters announces results of AGM

4-Jul-2014Source: Russian Helicopters

Russian Helicopters, part of State Corporation Rostec, held its Annual General Meeting of shareholders (AGM) on 30 June 2014. The AGM elected a new Board of Directors, approved the members of the Audit Committee, the annual report and the Company’s annual financial statements for 2013, and discussed other items on the agenda. The AGM approved... Read more

Air Methods acquires Baptist LifeFlight

Air Methods acquires Baptist LifeFlight

25-Jun-2014Source: Air Methods

Air Methods Corporation (Nasdaq:AIRM), the global leader in air medical transportation, announced today that it acquired the four bases of Baptist LifeFlight, owned by Baptist Health Care (BHC) of Pensacola, Fla. The change is effective immediately, with continued service to three states along the Gulf Coast, including the Florida panhandle, southern Alabama up to Montgomery,... Read more

Ramco Systems’ Cloud-based revenue doubles in FY 2014

Ramco Systems’ Cloud-based revenue doubles in FY 2014

13-Jun-2014Source: Ramco Systems

Having built a distinction of being APAC’s first enterprise-class product company, Ramco Systems has transformed itself into a Global Enterprise Cloud provider with comprehensive offerings to address ERP, HR, Aviation MRO and Asset Management needs. For the FY 2013-14, Ramco’s cloud based revenue grew 110% as compared to the previous year. From being seen predominantly... Read more

CHC Group Sets FY2014 Q4 Earnings Release & Analyst Call

CHC Group Sets FY2014 Q4 Earnings Release & Analyst Call

13-Jun-2014Source: CHC

CHC Group Ltd. (NYSE: HELI), the parent company of CHC Helicopter, plans to issue its earnings release for the fiscal-year 2014 fourth-quarter, which ended April 30, after market close on Wednesday, July 9. The following day, Thursday, July 10, the company will hold a call for analysts at 8 a.m. (Eastern Time). The call also... Read more

Bristow Group names Chief Financial Officer / Senior VP

Bristow Group names Chief Financial Officer / Senior VP

6-Jun-2014Source: Bristow Group

Bristow Group Inc. (NYSE: BRS), the leading provider of helicopter services to the offshore energy industry, announced today that John Briscoe has been appointed to the position of Senior Vice President and Chief Financial Officer, effective June 9, 2014. John has an extensive background in senior financial leadership positions, most recently as Senior Vice President and... Read more

Global helicopter market revenue forecast to increase by 2.6% CAGR during 2014-2018

Global helicopter market revenue forecast to increase by 2.6% CAGR during 2014-2018

6-Jun-2014Source: Companies and Markets

Analysts forecast the Global Helicopter market to grow at a CAGR of 2.60 percent over the period 2013-2018. One of the key factors contributing to this market growth is the growing demand from civil end-users. The Global Helicopter market has also been witnessing the increase in high-altitude and versatile helicopters. However, the falling global defense... Read more

Garmin names new Chief Financial Officer and Treasurer

Garmin names new Chief Financial Officer and Treasurer

4-Jun-2014Source: Garmin

Garmin Ltd. (NASDAQ: GRMN), the global leader in satellite navigation, today announced that Doug Boessen has joined the company and will serve as chief financial officer and treasurer beginning July 31. Boessen recently served as CFO for Collective Brands, Inc. where he began as associate controller in 1997.  He brings extensive consumer brands and public... Read more

Kaman Board of Directors Declares Dividend

Kaman Board of Directors Declares Dividend

4-Jun-2014Source: Kaman Corporation

The Kaman Corporation board of directors today declared a regular quarterly dividend of 16 cents per common share. The dividend will be paid on July 3, 2014 to shareholders of record on June 17, 2014. About Kaman Corporation Kaman Corporation, founded in 1945 by aviation pioneer Charles H. Kaman, and headquartered in Bloomfield, Connecticut conducts... Read more

Air Methods director sells over $720K of company shares

Air Methods director sells over $720K of company shares

23-May-2014Source: HeliHub.com

Air Methods Director David Kikumoto sold 15,000 shares of the stock on the open market on Tuesday 20th May. The stock was sold at an average price of $48.13, for a total value of $721,950. Following the completion of the sale, Kikumoto now directly owns 54,750 shares in the company (approx value $2.6 Million). The... Read more

Bristow Group reports results for year to 31 March 2014

Bristow Group reports results for year to 31 March 2014

23-May-2014Source: Bristow Group

Bristow Group Inc. (NYSE: BRS) today reported net income for the March 2014quarter of $30.3 million, or $0.83 per diluted share, compared to net income of $40.4 million, or $1.11 per diluted share, in the same period a year ago. Adjusted net income, which excludes special items and asset disposition effects, increased 33.7% to $49.1 million, or $1.35per diluted share, for the March 2014 quarter, compared to $36.7... Read more

Bristow Group announces 28% Dividend Increase

Bristow Group announces 28% Dividend Increase

21-May-2014Source: Bristow Group

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 28 percent increase in the company’s dividend, resulting in a quarterly dividend of $0.32per share, up from $0.25 per share previously. The dividend will be payable on June 19, 2014 to stockholders of record at... Read more

Babcock completes on the acquisition of Avincis

Babcock completes on the acquisition of Avincis

19-May-2014Source: Avincis

Babcock International Group PLC (“Babcock”), the UK’s leading engineering support services company, is today pleased to announce the completion of its acquisition of the Avincis Group (“Avincis”). Peter Rogers, Chief Executive of Babcock, said: “The acquisition of Avincis meets Babcock’s strategic objectives as it brings into the Babcock Group a market-leading business, delivering mission critical... Read more

Era Group reports FY2014 Q1 results to 31 March 2014

Era Group reports FY2014 Q1 results to 31 March 2014

11-May-2014Source: Era Group

Era Group Inc. (NYSE: ERA) today reported net income for its first quarter ended March 31, 2014 of $4.4 million on operating revenues of $79.4 million compared to net income of $6.7 million on operating revenues of $67.7 million in the prior year first quarter. The decline in net income is due to a $7.9... Read more

PHi announces results for FY2014Q1 ended 31 March 2014

PHi announces results for FY2014Q1 ended 31 March 2014

11-May-2014Source: PHi

PHI, Inc. (The Nasdaq Global Market: PHII (voting) PHIIK (non-voting)) today reported financial results for the quarter ended March 31, 2014. Consolidated operating revenues for the three months ended March 31, 2014 were $197.1 million, compared to $179.0 million for the three months ended March 31, 2013, an increase of $18.1 million. Oil and Gas... Read more

Bell 2014 Q1 turnover down 8%, profits down 26%

Bell 2014 Q1 turnover down 8%, profits down 26%

11-May-2014

Bell’s parent Textron released unaudited first quarter results recently, with Chairman and CEO Scott C. Donnelly quoted as saying“Revenues at Textron Aviation and Industrial were up during the quarter, while revenues at Bell and Textron Systems were down, as we expected”.  The detailed section for Bell – like its sister companies within the group – was brief,... Read more

Erickson reports FY2014 Q1 results to 31 March 2014

Erickson reports FY2014 Q1 results to 31 March 2014

11-May-2014Source: Erickson

Erickson Incorporated (NASDAQ:EAC) (“Erickson,” the “Company,” “we,” “us” and “our”), a leading global provider of aviation services to a worldwide mix of commercial and government customers and the vertically integrated manufacturer and operator of the powerful, heavy-lift helicopter, the Erickson S-64 Aircrane, today announced first quarter 2014 financial results and reiterated its full-year guidance for... Read more

Air Methods Reports 1Q2014 Results and 2Q2014 Update

Air Methods Reports 1Q2014 Results and 2Q2014 Update

9-May-2014Source: Air Methods

Air Methods Corporation (Nasdaq:AIRM), the global leader in air medical transportation, reported financial results for the quarter ended March 31, 2014 and provided an update on April 2014 flight volume. For the quarter, revenue increased 24% to $223.1 million from $179.2 million in the prior-year quarter. Net income for the first quarter of 2014 was... Read more

Erickson Commences Registered Exchange Offer

Erickson Commences Registered Exchange Offer

3-May-2014Source: Erickson

Erickson Incorporated (NASDAQ:EAC) (“Erickson” or the “Company”) today announced the commencement of an exchange offer for up to $355,000,000 aggregate principal amount of its unregistered 8.25% Second Priority Senior Secured Notes due 2020 (the “Original Notes”) for an equal principal amount of 8.25% Second Priority Senior Secured Notes due 2020 that have been registered under... Read more

Era Group appoints VP of Safety and Quality Assurance

Era Group appoints VP of Safety and Quality Assurance

2-May-2014Source: Era Group

Era Group Inc, (“Era”), one of the largest helicopter operators in the world and the longest serving helicopter transport operator in the U.S., announced today that it has appointed Cory Theriot to the post of Vice President of Safety and Quality Assurance. As part of Era’s senior management team, Theriot brings nearly two decades of experience... Read more

Erickson Announces Date for FY2014 Q1 Results

Erickson Announces Date for FY2014 Q1 Results

2-May-2014Source: Erickson

Erickson (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 Erickson S-64 Aircrane helicopter, today announced that it will release its earnings results for the first quarter 2014 ended March 31, 2014 on... Read more

Air Methods to report FY2014 Q1 results after narket close on May 8

Air Methods to report FY2014 Q1 results after narket close on May 8

2-May-2014Source: Air Methods

Air Methods Corporation (Nasdaq: AIRM) will report financial results for the first quarter ended March 31, 2014 after the close of the market on Thursday, May 8, 2014. The Company has scheduled a conference call for Thursday, May 8, 2014 at 4:15 p.m. Eastern to discuss these results. Interested parties can access the call by... Read more

Revenue at Russian Helicopters grows by 10%

Revenue at Russian Helicopters grows by 10%

1-May-2014Source: Rostec

General Director of Russian Helicopters Alexander Mikheev and managers of the parent company, the holding’s production and knowledge assets participated at the event. Chairman of the Board of Kazan Helicopter Factory, Deputy Prime Minister of the Republic of Tatarstan and Minister of Industry and Trade of the Republic of Tatarstan Ravil Zaripov gave the opening... Read more

All regulatory hurdles cleared for Avincis sale to Babcock

All regulatory hurdles cleared for Avincis sale to Babcock

27-Apr-2014Source: Avincis Group

Babcock International Group PLC (“Babcock”), the UK’s leading engineering support services company, announced today it has received approvals from the Spanish Council of the National Markets and Competition Commission and the Portuguese Competition Authority in respect of the acquisition of the Avincis Group. All conditions to completion of such acquisition have therefore been satisfied. Completion... Read more

FLIR Systems announces FY2014 Q1 Results

FLIR Systems announces FY2014 Q1 Results

27-Apr-2014Source: FLIR Systems

FLIR Systems, Inc. (NASDAQ: FLIR) today announced financial results for the first quarter ended March 31, 2014. Revenue was $351.5 million, up 1% compared to first quarter 2013 revenue of$348.6 million. Operating income in the first quarter was $42.5 million, compared to $69.1 million in the first quarter of 2013, and was impacted by $8.4 million in pretax charges related to previously-announced restructuring initiatives.... Read more

Era Group announces FY2014 Q1 Earnings Release Call

Era Group announces FY2014 Q1 Earnings Release Call

25-Apr-2014Source: Era Group

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 fiscal year 2014 first quarter after the market closes on Tuesday, May 6, 2014. In connection with the release, Era has scheduled a conference call for Wednesday, May 7, 2014, to... Read more

Bristow announces FY2014 earnings release and concall schedule

Bristow announces FY2014 earnings release and concall schedule

24-Apr-2014Source: Bristow Group

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 2014 fourth quarter and year ended March 31, 2014, after the market closes on Wednesday, May 21.  In conjunction with the release, Bristow has scheduled a conference call, which will... Read more

Chelton Flight Systems and S-TEC acquired in MBO from Cobham

Chelton Flight Systems and S-TEC acquired in MBO from Cobham

21-Apr-2014Source: Genesys Aerosystems

Genesys Aerosystems Group, Inc. announced today that it has acquired Chelton Flight Systems, Inc. and S-TEC Corporation, previously doing business as Cobham Avionics, from Cobham in a management buyout. Genesys Aerosystems was formed by Roger Smith, President, and General Manager of the two acquired companies, Rick Price and Gordon Pratt, co-founders of Chelton Flight Systems,... Read more

GAL Aerospace completes acquisition of interiors specialist AeroQuest

GAL Aerospace completes acquisition of interiors specialist AeroQuest

13-Apr-2014

Since 1982, AeroQuest has been a leader in aircraft interior components manufacturing and specializes in turnkey products for business and commercial aircraft including showers, countertops, window shades, cabinetry, cabin peripheral panels, and other interior components. The company offers both build-to-print and design-to-build services. Glen Lynch, President & CEO of the GAL Aerospace Group of Companies,... Read more

Kaman announces release date for 2014 Q1 earnings

Kaman announces release date for 2014 Q1 earnings

11-Apr-2014Source: Kaman

Kaman Corp. (NYSE:KAMN) announced today that it will report its first quarter 2014 results after the stock market closes on Monday, April 28, 2014, and host a live webcast and conference call at 8:30am ET on Tuesday, April 29, 2014. The call will be accessible by telephone within the U.S. at (866) 318-8616 and from... Read more

Era amends and upsizes $300M Revolving Credit Facility

Era amends and upsizes $300M Revolving Credit Facility

1-Apr-2014Source: Era

Era Group Inc. (NYSE: ERA) (“Era”) announced today that it has amended and upsized its existing revolving credit facility. The amended facility increases borrowing capacity by 50%, reduces the company’s cost of capital and offers greater operational flexibility with the Company’s global fleet of helicopters. The amended facility increases capacity from $200 million to $300... Read more

PHI announces Final Results of Offer for 8.625% Senior Notes Due 2018

PHI announces Final Results of Offer for 8.625% Senior Notes Due 2018

1-Apr-2014Source: PHi

PHI, Inc. (“PHI”) (The Nasdaq Global Market: PHII (voting) and PHIIK (non-voting)) announced today the final results of the previously-announced tender offer and consent solicitation (the “Tender Offer”) for all of its outstanding 8.625% Senior Notes due 2018 (the “2018 Notes”). The Tender Offer expired at 12:00 midnight, New York City time, at the end... Read more

Avincis to buy Scandinavian Air Ambulance for €80 Million

Avincis to buy Scandinavian Air Ambulance for €80 Million

27-Mar-2014Source: Avincis

Scandinavian Air Ambulance (SAA), the foremost provider of air ambulance services in the Nordic region, today announced its intention to join the Avincis Group (Avincis), a leading international provider of mission critical aviation services. The agreement would see the business take its place alongside Avincis’ existing companies which deliver medical emergency, search & rescue, firefighting... Read more

Babcock International agrees price for Avincis

Babcock International agrees price for Avincis

27-Mar-2014Source: KKR

Investindustrial Group (“Investindustrial”) and KKR today announce that Babcock International Group PLC (“Babcock”), the UK’s leading engineering support services company, has entered into an agreement with Investindustrial and KKR to acquire the entirety of the issued share capital of Avincis for an enterprise value of approximately €2.0 billion (the “Transaction”). The transaction brings together two... Read more

Finmeccanica reviews AgustaWestland in 2013 financial statements

Finmeccanica reviews AgustaWestland in 2013 financial statements

26-Mar-2014Source: Finmeccanica

Finmeccanica have released their full 2013 financial statements.  We expect that the majority of our readers are only interested in the AgustaWestland part of this document, so we reproduce that section here:- In 2013, AgustaWestland’s overall performance was positive, both in terms of business and financial performance and, especially, commercial performance, despite contractual complications surrounding... Read more

Air Methods director sells over $3.1M of company shares

Air Methods director sells over $3.1M of company shares

24-Mar-2014Source: HeliHub.com

Air Methods Director Ralph Bernstein sold 60,000 shares of the stock on the open market on Friday 14th March. The stock was sold at an average price of $52.88, for a total value of $3,172,800. Following the completion of the sale, Bernstein now directly owns 2,531,385 shares in the company (approx value $133 Million). The transaction was... Read more

HNZ Group reports 2013 Year-End Results

HNZ Group reports 2013 Year-End Results

20-Mar-2014Source: HNZ Group

• Revenue of $255.1 million, versus $256.0 million last year • EBITDA of $76.7 million or 30.1% compared to $77.5 million or 30.3% a year ago • Net income of $19.9 million or $1.52 per share due to a Q3 non-cash goodwill impairment charge of $23.5 million or net income before goodwill impairment charge totaling... Read more

Era Group reports Q4 and Full Year 2013 Results

Era Group reports Q4 and Full Year 2013 Results

20-Mar-2014Source: Era Group

Era Group Inc. (NYSE: ERA) Full year 2013 net income of $18.7 million on operating revenues of $299.0 million compared to net income of $7.8 million on operating revenues of $272.9 million in 2012 Fourth quarter net income of $1.8 million on operating revenues of $76.0 million compared to net income of $3.6 million on... Read more

PHi completes Debt Offering and Initial Settlement for 8.625% Senior Notes Due 2018

PHi completes Debt Offering and Initial Settlement for 8.625% Senior Notes Due 2018

19-Mar-2014Source: PHi

PHI, Inc. (“PHI”) (The Nasdaq Global Market: PHII (voting) and PHIIK (non-voting)) announced today that it had completed its previously-announced private offering of $500 million of 5.25% Senior Notes due 2019 (the “2019 Notes”). PHI also announced that it used a portion of the net proceeds from its sale of the 2019 Notes to concurrently... Read more

PHi receives 97.52% response on 8.625% Senior Notes issue

PHi receives 97.52% response on 8.625% Senior Notes issue

19-Mar-2014Source: PHi

PHI, Inc. (“PHI”) (The Nasdaq Global Market: PHII (voting) and PHIIK (non-voting)) announced today that it had received, as of 12:00 midnight, New York City time, at the end of March 14, 2014 (the “Early Tender Deadline”), tenders and consents from holders of 97.52% of the aggregate principal amount of its outstanding 8.625% Senior Notes... Read more

Erickson completes 2013 with turnover up 76%

Erickson completes 2013 with turnover up 76%

14-Mar-2014Source: Erickson

Erickson Air-Crane Incorporated (NASDAQ:EAC) (“Erickson,” the “Company,” “we,” “us” and “our”), a leading global provider of aviation services to a worldwide mix of commercial and government customers and the vertically integrated manufacturer and operator of the powerful, heavy-lift helicopter, the Erickson S-64 Aircrane, today announced fourth quarter and full year 2013 financial results and initiated... Read more

CHC reports FY2014Q3 results, provides guidance for full year

CHC reports FY2014Q3 results, provides guidance for full year

13-Mar-2014Source: CHC

CHC Group Ltd. (NYSE:HELI), the parent company of CHC Helicopter, today reported its financial performance for the fiscal-2014 third quarter, which ended Jan. 31. Revenue for the quarter was $454 million, up 3 percent. (Unless otherwise noted, all comparisons are year-over-year.) The company had a quarterly net loss of $60 million, compared to a net... Read more

Era Group announces Q4 and FY2013 Earnings Release Call

Era Group announces Q4 and FY2013 Earnings Release Call

12-Mar-2014Source: Era Group

Era Group Inc. ERA -1.12% (“Era”), a leading helicopter transport operator based in the United States, today announced it will release financial results for its fiscal year and fourth quarter ended December 31, 2013 after the market closes on Monday, March 17, 2014. In connection with the release, Era has scheduled a conference call for... Read more

Bristow to present at Howard Weil 42nd Annual Energy Conference

Bristow to present at Howard Weil 42nd Annual Energy Conference

11-Mar-2014Source: Bristow Group

Bristow Group Inc. (NYSE: BRS), the leading provider of helicopter services to the offshore energy industry, today announced that the Company will be attending the Howard Weil 42ndAnnual Energy Conference to be held in New Orleans on March 23-27, 2014. Jonathan Baliff, Senior Vice President and Chief Financial Officer, is scheduled to present on Tuesday, March 25, at 2:55 p.m. Central Time (3:55 p.m.... Read more

Erickson Air-Crane Announces Date for Q4 and FY13 Results

Erickson Air-Crane Announces Date for Q4 and FY13 Results

9-Mar-2014Source: Erickson

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 Erickson S-64 Aircrane helicopter, today announced that it will release its earnings results for the fourth quarter and fiscal year 2013... Read more

PHI prices $500M Senior Notes Due 2019

PHI prices $500M Senior Notes Due 2019

9-Mar-2014Source: PHI

PHI, Inc. (“PHI”) (The Nasdaq Global Market: PHII (voting) and PHIIK (non-voting)) announced today that it has agreed to sell $500 million of newly-issued unsecured five-year senior notes. The senior notes due 2019 were priced at par with a coupon rate of 5.25%. The offering is expected to close on March 17, 2014, subject to the... Read more

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