Offshore News

H175 tours Mexico, the US and Brazil

H175 tours Mexico, the US and Brazil

18-Mar-2015Source: Airbus

The H175 has embarked upon a three-month demo-tour in Mexico, the United States and Brazil following its appearance at the Heli-Expo 2015 industry show in Orlando, Florida, earlier this month.... Read more

CHC Group Reports FY2015 Q3 Results

CHC Group Reports FY2015 Q3 Results

17-Mar-2015Source: CHC

CHC Group (NYSE:HELI), the parent company of CHC Helicopter, reported revenue of $415 million and a net loss of $465 million for its fiscal-2015 third quarter, which ended Jan. 31. Revenue declined 9 percent, largely driven by the impact of currency. Excluding the impact of currency, revenue declined about 2 percent. The company had an... Read more

Attourney announces investigation of CHC Group

Attourney announces investigation of CHC Group

17-Mar-2015Source: Scott Scott

Scott+Scott, Attorneys at Law, LLP (“Scott+Scott”), a national shareholder and consumer rights litigation firm, announces the commencement of an investigation into CHC Group Ltd. (NYSE:HELI) (“CHC Group”) related to potential violations of federal securities laws. If you are a CHC Group shareholder, you are encouraged to contact Scott+Scott for additional information. CHC Group (NYSE:HELI) is... Read more

Four Bell 412EPs Delivered to Heliservicio Campeche

Four Bell 412EPs Delivered to Heliservicio Campeche

17-Mar-2015Source: Bell

Bell Helicopter, a Textron Inc. company (NYSE: TXT), announced the final delivery of four Bell 412EPs to Heliservicio Campeche to support their oil and gas operations in the Gulf of Mexico. “Heliservicio has been an operator of the Bell 412 for nearly 25 years, so we know it has the superior performance capabilities that fit... Read more

Oil & Gas UK Appoints New Chief Executive

Oil & Gas UK Appoints New Chief Executive

8-Mar-2015Source: Oil & Gas UK

The Board of Oil & Gas UK, the leading trade association for the UK offshore oil and gas industry, is pleased to announce the appointment of Deirdre Michie as the organisation’s new Chief Executive, following a comprehensive search led by The Curzon Partnership. Deirdre Michie will take up her position from 1 May 2015, replacing... Read more

Airbus Helicopters announces updated release of its H225 Flight Crew Operating Manual

Airbus Helicopters announces updated release of its H225 Flight Crew Operating Manual

6-Mar-2015Source: Airbus Helicopters

Airbus Helicopters has expanded on its initial Flight Crew Operating Manual (FCOM) for H225 (formerly EC225) aircraft in oil and gas missions – the first such source document produced by a rotorcraft manufacturer – and has announced the release of an updated version, now extended to include emergency procedures. Airbus Helicopters worked closely on the... Read more

Widow sues helicopter company, alleging wrongful death

Widow sues helicopter company, alleging wrongful death

5-Mar-2015Source: The Southeast Texas Record

A woman has sued a Galveston County helicopter transport company in the death of her husband. See Full Story... Read more

Bristow increases H175 order to seventeen helicopters

Bristow increases H175 order to seventeen helicopters

4-Mar-2015Source: Airbus

Bristow Group today raised its total firm orders for Airbus Helicopters’ H175 to 17, and also signed a comprehensive support services agreement for its new seven-metric-ton-category rotorcraft. H175 is the new name of the twin-engine EC175. Airbus Helicopters announced at the Heli-Expo 2015 helicopter industry trade show in Orlando, Florida, the renaming of its products... Read more

PHI’s AW139 Fleet Passes 25,000 Flight Hours Milestone

PHI’s AW139 Fleet Passes 25,000 Flight Hours Milestone

4-Mar-2015Source: AgustaWestland

AgustaWestland announced today that PHI’s AW139 fleet has passed a key milestone of 25,000 flight hours. The important result was achieved by a fleet of ten helicopters performing offshore transportation missions in the Gulf of Mexico since 2011, with the PHI AW139 fleet leader aircraft having accrued more than 3,500 flight hours in less than... Read more

Waypoint Signs Letter of Intent to Purchase 20 Bell 525’s Plus Options

Waypoint Signs Letter of Intent to Purchase 20 Bell 525’s Plus Options

3-Mar-2015Source: Bell

Bell Helicopter, a Textron Inc. company (NYSE: TXT), announced today Waypoint Leasing (Ireland) Limited (“Waypoint”) has signed a letter of intent (LOI) to acquire 20 Bell 525 Relentless helicopters with options for additional aircraft. Waypoint plans to provide the Bell 525 Relentless to operators servicing a wide range of missions, including oil and gas, emergency... Read more

Heli-Expo caps a strong first quarter for LCI Helicopters

Heli-Expo caps a strong first quarter for LCI Helicopters

3-Mar-2015Source: LCI

LCI Helicopters touches down at the 2015 HAI Heli-Expo with new lessee customer commitments and expansions of its helicopter fleet to meet sustained growth in demand. Further announcements are planned for this week in Orlando, with the company at HAI Stand 4604. In recent days, the aviation leasing arm of the Libra Group has concluded... Read more

Era Group accepts First Baseline S-92

Era Group accepts First Baseline S-92

3-Mar-2015Source: Sikorsky

Sikorsky Aircraft Corp. announced that Era Group Inc. (NYSE: ERA) recently accepted delivery of a baseline S-92® helicopter. The announcement was made at the 2015 Helicopter Association International Heli-Expo show. Sikorsky Aircraft is a subsidiary of United Technologies Corp. (NYSE: UTX). In January of 2014, Era signed a multi-year contract for four S-92 helicopters, and today they accepted delivery of... Read more

Sikorsky S-76D Kicks off International Demo Tour

Sikorsky S-76D Kicks off International Demo Tour

3-Mar-2015Source: Sikorsky

Sikorsky Aircraft Corp. announced today that an S-76D™ helicopter will embark on an international demonstration tour beginning next week in Southeast Asia. The announcement was made at Sikorsky’s booth at the 2015 Helicopter Association International Heli-Expo show. Sikorsky Aircraft is a subsidiary of United Technologies Corp. (NYSE: UTX). The aircraft will conduct a series of... Read more

Sikorsky and Saab launch new North Sea S-92 Support Center

Sikorsky and Saab launch new North Sea S-92 Support Center

3-Mar-2015Source: Sikorsky

Sikorsky Aircraft Corp. today announced that the defense and security company Saab has become a Sikorsky-authorized S-92® helicopter Customer Support Center. The Customer Support Center will operate out of Aircontact Aviation Maintenance AS facility in Stavanger, Norway, and will offer maintenance services for North Sea operators of S-92 helicopters. The announcement was made at the... Read more

CHC’s AW139 Fleet Leader Passes 10,000 Flight Hours Milestone

CHC’s AW139 Fleet Leader Passes 10,000 Flight Hours Milestone

3-Mar-2015Source: AgustaWestland

HeliHub.com copies the press release below from AgustaWestland as a courtesy.  Avid readers will know that we ran this story a week ago AgustaWestland announced today that CHC Helicopter’s AW139 fleet leader has set a major operational milestone by reaching 10,000 flight hours. This significant milestone was achieved by the aircraft in less than nine... Read more

AW189 Certification Validated by the FAA

AW189 Certification Validated by the FAA

3-Mar-2015Source: AgustaWestland

AgustaWestland today announced that the AW189 medium twin engine helicopter achieved FAA validation of its EASA certification, allowing deliveries and operations to begin shortly with customers in the United States. The vidation was received following US flight testing activities that took place in early 2015. The AW189 is ideal for long range and high capacity... Read more

Era Group announces Record Date and Meeting Date for 2015 Annual Meeting of Stockholders

Era Group announces Record Date and Meeting Date for 2015 Annual Meeting of Stockholders

2-Mar-2015Source: Era Group

Era Group Inc. (NYSE: ERA) (the “Company” or “Era Group”) today announced that its 2015 Annual Meeting of Stockholders will be held at the Company’s principal executive offices located at 818 Town & Country Blvd., Suite 200, Houston, Texas 77024 on Wednesday, June 24, 2015, at 10:00 a.m. local time. The Company fixed April 27, 2015 as... Read more

PHI announces Results for FY2014

PHI announces Results for FY2014

1-Mar-2015Source: PHI

PHI, Inc. (The Nasdaq Global Market: PHII (voting) PHIIK (non-voting)) today reported financial results for the year ended December 31, 2014. Consolidated operating revenues for the year ended December 31, 2014 decreased $20.2 million compared to the year ended December 31, 2013. Oil and Gas segment revenues increased $27.8 million primarily as a result of... Read more

Spectro| Jet-Care join HeliOffshore Organisation

Spectro| Jet-Care join HeliOffshore Organisation

1-Mar-2015Source: MINT Turbines

Spectro®| Jet-Care®, the recognised leader in the provision of condition monitoring services to the aviation industry, is pleased to announce their Alliance membership of HeliOffshore, the global safety-focused organisation formed by major providers of offshore helicopter transportation. “Spectro |Jet-Care have been involved in providing vital analysis services to the offshore helicopter market for almost 40... Read more

New board members at Oil & Gas UK includes helicopter CEO

New board members at Oil & Gas UK includes helicopter CEO

1-Mar-2015Source: Oil & Gas UK

Oil & Gas UK, the representative organisation for the UK offshore oil and gas industry, today (26 February 2015) confirms the appointment of three member company representatives to its Board. Craig May, managing director of Chevron Upstream Europe Limited, is appointed to the Board as a representative of the operator community bringing experience gained in... Read more

Oil & Gas UK paints bleak picture for offshore industry

Oil & Gas UK paints bleak picture for offshore industry

26-Feb-2015Source: Oil & Gas UK

Oil & Gas UK’s new report on offshore exploration, investment and production published today (24 February) provides striking evidence of how rising costs, taxes and inadequate regulation have taken their toll on the UK industry’s international competitiveness. The Activity Survey 2015 highlights the urgency with which measures are needed to secure new investment and address the collapse... Read more

First AW139 reaches milestone 10,000 airframe hours

First AW139 reaches milestone 10,000 airframe hours

26-Feb-2015Source: HeliHub.com

AgustaWestland has marked the milestone event of the first AW139 to reach 10,000 airframe hours.  Serial 31041 was first registered to CHC in June 2006 and has remained on the same PH-SHL registration ever since.  This equates to just over 1,100 hours a year on average John Burcote – HeliHub.com... Read more

​Bond Helicopters Australia Begins Service with the S-92

​Bond Helicopters Australia Begins Service with the S-92

26-Feb-2015Source: Sikorsky

Sikorsky Aircraft Corp. today announced the delivery of two S-92® helicopters to Bond Helicopters Australia at the 2015 Avalon Airshow. Bond Helicopters Australia will operate a total of four S-92 helicopters, the first of its kind in this Australian fleet. Sikorsky will deliver the remaining two S-92 aircraft to Bond Helicopters Australia later this year.... Read more

How world oil prices are affecting helicopter demand

How world oil prices are affecting helicopter demand

18-Feb-2015Source: HeliValue$

The reaction to the price of oil dropping below $50 a barrel has been amazing in the helicopter industry. Financiers have had coronaries. Some are jumping out of first-story windows. There have been several articles printed that suggest that since the “hysteric lows”, oops, I mean, “historic lows” of the price per barrel of oil,... Read more

Bristow ships second and third S92s to the Falklands for new contract

Bristow ships second and third S92s to the Falklands for new contract

17-Feb-2015Source: Bristow Group

On Monday 16th February, Bristow Helicopters ferried two Sikorsky S92 helicopters from their base at Aberdeen to Prestwick Airport southwest of Glasgow for shipment to the Falkland Islands.  The pair will join a third S92 already on the islands in the South Atlantic in support of oil/gas exploration work in the region – and the... Read more

LCI places $125M order for AgustaWestland AW139, AW169 and AW189

LCI places $125M order for AgustaWestland AW139, AW169 and AW189

13-Feb-2015Source: LCI

LCI, the aviation leasing arm of The Libra Group, has today committed to expand its helicopter fleet with firm orders for a further 11 AgustaWestland aircraft valued at US $125 million (€110 million). The new aircraft, which are converted from options held by the helicopter lessor, are made up of a mix of AW139, AW169... Read more

FlightSafety location in Louisiana becomes AgustaWestland Authorised Training Centre

FlightSafety location in Louisiana becomes AgustaWestland Authorised Training Centre

13-Feb-2015Source: AgustaWestland

AgustaWestland announced today the approval of the FlightSafety International Learning Centre in Lafayette, Louisiana, USA as an AgustaWestland Authorised Training Centre. FlightSafety International has been providing AW139 Training since May, 2013. Courses for the popular AW139 intermediate helicopter delivered from the Learning Centre benefit from an AW139 Level D qualified Full Flight Simulator which features... Read more

Era Group announces Q4 and FY2014 Earnings Release Call

Era Group announces Q4 and FY2014 Earnings Release Call

12-Feb-2015Source: Era

Era Group Inc. ERA, +0.36% (“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 2014 after the market closes on Tuesday, March 10,2015. In connection with the release, Era has scheduled a conference call for Wednesday, March 11, 2015,... Read more

Indian Government to divest stake in Pawan Hans

Indian Government to divest stake in Pawan Hans

11-Feb-2015Source: HeliHub.com

Pawan Hans will see an ownership change by the end of 2016, as the Indian Government announces plans to divest its 51% stake in the operator. With a fleet of 46 helicopters, Pawan Hans is one of the largest operators in Asia. Investment bank SBI Capital Markets has been appointed to advise the government on... Read more

Waypoint buys ten Bell 206L and 407 from RLC on leaseback

Waypoint buys ten Bell 206L and 407 from RLC on leaseback

11-Feb-2015Source: Waypoint

Waypoint Leasing (Ireland) Limited (“Waypoint”), the largest independent global helicopter leasing company, today announced that it has closed on a multi-aircraft agreement with RLC, the largest privately held helicopter operator in the Gulf of Mexico. The initial transaction includes the purchase and leaseback of 10 helicopters, including the Bell 407 and Bell 206L4, supporting near-shore... Read more

Statoil plans unmanned offshore rigs with no helipads

Statoil plans unmanned offshore rigs with no helipads

11-Feb-2015Source: Statoil

The investment decision is expected next winter. Three various concept studies have been made for an unmanned wellhead platform. This platform has no living quarters, helicopter deck or lifeboats. “The alternative was to place the wells on the seabed, but the costs of subsea wells have been tripled during the last decade. We have therefore... Read more

Bond Offshore Helicopters CEO quits for airline job

Bond Offshore Helicopters CEO quits for airline job

10-Feb-2015Source: HeliHub.com

Just over two years since he was appointed as CEO of Bond Offshore Helicopters, Luke Farajallah has been announced as the new CEO of British airline Flybe effective from 1st April.  This sees a return to his roots, given Bond’s announcement in early November 2012 said he had experience with Spanish startup low-cost airline Volotea... Read more

CHC Group Sets Dates for Fiscal-2015 Q3 Earnings

CHC Group Sets Dates for Fiscal-2015 Q3 Earnings

5-Feb-2015Source: CHC

CHC Group Ltd. (NYSE: HELI), the parent company of CHC Helicopter, plans to issue its earnings release for the fiscal-year 2015 third quarter, which ended Jan. 31, after market close on Monday, March 16. The following day, Tuesday, March 17, the company will hold its quarterly call for analysts at 8 a.m. (Eastern Time). The... Read more

CAA reports on progress to improve safety of offshore helicopter operations

CAA reports on progress to improve safety of offshore helicopter operations

29-Jan-2015Source: CAA

Substantial progress has been made on measures to improve offshore helicopter safety but there is still more to do, the UK Civil Aviation Authority (CAA) said today as it published a progress report on the recommendations and actions from its comprehensive review of offshore helicopter operations from February 2014. Safety improvements introduced since the CAA... Read more

Oil price not affecting Era and PHi at Houma

Oil price not affecting Era and PHi at Houma

28-Jan-2015Source: Dailycomet

In spite of the recent downturn in oil prices, officials said service expansions planned for the Houma-Terrebonne Airport should move forward as planned. See Full Story... Read more

Era Helicopters expands in Gulf of Mexico

Era Helicopters expands in Gulf of Mexico

15-Jan-2015Source: ERA

Era Group Inc. (NYSE: ERA) today announced that it has secured contracts for three additional medium helicopters in the Gulf of Mexico. The helicopters, which include two Sikorsky S-76s and one AgustaWestland AW139, will be used to support drilling programs and various projects for three of the Company’s oil and gas partners. “Era’s proven ability... Read more

Airbus fleet passes 10 million flight hours on offshore ops

Airbus fleet passes 10 million flight hours on offshore ops

15-Jan-2015Source: Airbus

Utilized worldwide in some of the most challenging conditions, the deployed fleet of Airbus Helicopters rotorcraft in service for the oil & gas industry has accumulated more than 10 million flight hours as of the end of 2014. The milestone marks a new achievement in the 50-plus year history of heli-lift duties performed by Airbus... Read more

India – Pawan Hans to start AW139 operations

India – Pawan Hans to start AW139 operations

9-Jan-2015Source: HeliHub.com

Indian operator Pawan Hans has filed an advertisement this week seeking AgustaWestland AW139 pilots, despite not currently having any of the type in their fleet.  Indeed the job filing notes that they operate a fleet of 46 “MI-172, Bell 206L4, Bell 407, Dauphin 365N/N3, AS350B3 & Dhruv Helicopters”. So, while the advert does say “contract”... Read more

Happy Christmas from the HeliHub.com team

Happy Christmas from the HeliHub.com team

23-Dec-2014Source: HeliHub.com

The team at HeliHub.com would like to wish all our readers a very Happy Christmas and a prosperous 2015. This is the time of the year we celebrate the birth of Jesus, and we trust many of our readers will take time to consider what that means to the world, perhaps through attending a church... Read more

CD&R Completes Investment in CHC with third share purchase

CD&R Completes Investment in CHC with third share purchase

17-Dec-2014Source: CHC

Funds affiliated with Clayton, Dubilier & Rice LLC (CD&R) have completed the third stage of CD&R’s investment in CHC Group Ltd. (NYSE:HELI) through the purchase of convertible preferred shares in a private placement. Consistent with terms of an investment agreement that CHC and CD&R entered into on Aug. 21, CD&R has purchased an additional 100,000... Read more

CHC adds to board of directors

CHC adds to board of directors

16-Dec-2014Source: CHC

CHC Group Ltd. (NYSE:HELI), the parent company of CHC Helicopter, today announced that William G. Schrader was appointed to its board of directors on Friday (Dec. 12). An independent, Class II director, Mr. Schrader’s term is until the company’s 2015 annual general meeting of shareholders. He was also elected to serve on the board’s audit... Read more

CHC may close North Denes HP after contract moves to Norwich

CHC may close North Denes HP after contract moves to Norwich

15-Dec-2014Source: BBC

The future of Great Yarmouth’s heliport has been put in jeopardy with the news that a major contract is ending next year. See Full Story... Read more

Airbus hands over first two EC175s

Airbus hands over first two EC175s

11-Dec-2014Source: Airbus

A double-handover ceremony today marked Airbus Helicopters’ first deliveries of its new-generation EC175, with two of these 7-metric-ton category rotorcraft provided to NHV for oil and gas missions in the North Sea. The milestone EC175s will be utilized on core applications for which Airbus Helicopters developed this medium-sized rotorcraft: the airlift of crews and supplies... Read more

Vietnam Helicopter Corp orders two AW189s for offshore ops

Vietnam Helicopter Corp orders two AW189s for offshore ops

11-Dec-2014Source: AgustaWestland

AgustaWestland announced today that Vietnam Helicopter Corporation (Vietnam Helicopters/VNH) has signed a contract for two AW189 super medium twin engine helicopters. These aircraft will perform medium/long range offshore transport operations. The first helicopter will be operated by VNH South by the end of 2015 while the second AW189 will be used by VNH North starting... Read more

Gulf Helicopters Celebrates AW189 Entry into Service

Gulf Helicopters Celebrates AW189 Entry into Service

11-Dec-2014Source: AgustaWestland

AgustaWestland announced today that Gulf Helicopters of Qatar celebrated the entry into service of its first batch of AW189 super medium helicopters during an official ceremony held on November 23rd in presence of national authorities and representatives from the industry. Four AW189s have now been delivered and entered service, with two aircraft supporting offshore oil... Read more

CHC reports 3% revenue growth, 14% Increase in Adjusted EBITDAR in FY2015Q2

CHC reports 3% revenue growth, 14% Increase in Adjusted EBITDAR in FY2015Q2

10-Dec-2014Source: CHC

CHC reported revenue of $458 million for the quarter ended Oct. 31, up 3 percent. The company had a net loss of $177 million. Adjusted EBITDAR (earnings before interest, taxes, depreciation, amortization and helicopter lease and other costs), excluding special items, rose 14 percent to $125 million. All references to EBITDAR in this release represent... Read more

Caverton Helicopters adds ninth AW139

Caverton Helicopters adds ninth AW139

8-Dec-2014Source: HeliHub.com

In recent days, Caverton Helicopters has added the ninth AW139 to their fleet, as part of its expansion plans to increase market share in the oil and gas offshore support business. in 2010, the company edged out long-established foreign operators to win a multi-year multi-million dollar contract from Shell involving six helicopters. A seventh helicopter... Read more

Bristow to present at Capital One Energy Conference

Bristow to present at Capital One Energy Conference

4-Dec-2014Source: Bristow

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 Capital One Securities 9th Annual Energy Conference to be held in New Orleans, December 10-11, 2014. Jeremy Akel, Senior Vice President and Chief Operating Officer, and John Briscoe, Senior Vice... Read more

HNZ Group Inc. declares monthly dividends

HNZ Group Inc. declares monthly dividends

28-Nov-2014Source: HNZ

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 February 13, 2015, March 13, 2015 and April 15, 2015 to holders of record at the close of business January 30, 2015, February 27,... Read more

HNZ hires offshore industry strategic advisor

HNZ hires offshore industry strategic advisor

28-Nov-2014Source: HNZ

HNZ Group Inc. (TSX: HNZ.A, HNZ.B) (the “Corporation”), an international provider of helicopter transportation and related support services, announces the addition of Ms. Christine Baird as Strategic Advisor effective immediately. Christine brings over 30 years of relevant experience to the business and will strengthen the Corporation’s international offshore oil and gas growth initiatives. Under her... Read more

Chile – Ecocopter prepares for new ENAP offshore contract

Chile – Ecocopter prepares for new ENAP offshore contract

27-Nov-2014Source: HeliHub.com

Chilean operator Ecocopter is preparing for a new contract with ENAP (Empresa Nacional del Petróleo), the national petroleum company, which starts on 1st December. The company has ferried two EC135s and an AS350B3 down south to Punta Arenas – the South American continent’s southerly-most town.  From here, the three will support offshore rigs in the... Read more

CHC cancels rights issue as CD&R invests $100M more

CHC cancels rights issue as CD&R invests $100M more

27-Nov-2014Source: CHC

CHC Group Ltd. (NYSE: HELI), the parent company of CHC Helicopter, today announced that it has cancelled a rights offering of preferred shares in the company that had been made to existing shareholders. Completion of the rights offering to holders of CHC’s ordinary shares was dependent upon receiving at least $50 million in total demand... Read more

Era Group to present at Cowen Energy Conference

Era Group to present at Cowen Energy Conference

27-Nov-2014Source: Era Group

Era Group Inc. (NYSE: ERA) (“Era”), one of the largest helicopter operators in the world, will present at the Cowen and Company Ultimate Energy Conference to be held in New York on December 2-3, 2014. Era’s Acting Chief Executive Officer and Chief Financial Officer, Chris Bradshaw, will present on Tuesday, December 2 at 3:35 p.m.... Read more

Helideck Analytics acquires Helideck Certification Agency

Helideck Analytics acquires Helideck Certification Agency

26-Nov-2014Source: Helideck Analytics

Helideck Analytics Ltd. is pleased to announce the acquisition of the Helideck Certification Agency (HCA), the world’s recognised leading provider of inspection and certification services for offshore helidecks. HCA is based in Aberdeen, Scotland and has satellite offices in Norwich, England and Bergen, Norway. HCA is responsible for the inspection and certification of all helidecks... Read more

Praesidian Capital Europe finances acquisition of Helideck Certification Agency

Praesidian Capital Europe finances acquisition of Helideck Certification Agency

26-Nov-2014Source: Praesidian

Praesidian Capital Europe (“Praesidian”), which provides senior and subordinated debt along with growth capital predominantly to UK companies, announced today that it has provided first lien debt to support the acquisition of Helideck Certification Agency Limited (“HCA”) by a group of private investors. Headquartered in Aberdeen, Scotland, HCA is the leading provider of inspection and... Read more

Bristow To Present At The Cowen 4th Annual Ultimate Energy Conference

Bristow To Present At The Cowen 4th Annual Ultimate Energy Conference

26-Nov-2014Source: Bristow

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 Cowen 4th AnnualUltimate Energy Conference to be held in New York, December 2-3, 2014. John Briscoe, Senior Vice President and Chief Financial Officer, is scheduled to present on Wednesday, December 3, 2014 at 8:10 a.m. Central Standard Time (9:10... Read more

North Sea – Ekofisk rig helipad audit identifies issues

North Sea – Ekofisk rig helipad audit identifies issues

17-Nov-2014Source: PSA

The audit was performed with assistance from the Civil Aviation Authority Norway (CAA Norway). Objective The objective of this audit was to review and evaluate the company’s management of emergency preparedness and helicopter operation at Ekofisk 2/4-L. We requested a presentation of the processes that COPSAS has established to ensure that prerequisites, limitations and recommendations... Read more

CD&R Completes Second Stage of CHC Group Investment

CD&R Completes Second Stage of CHC Group Investment

14-Nov-2014Source: CHC

Clayton, Dubilier & Rice LLC (CD&R) today completed the second stage of a private-placement investment in CHC Group Ltd. (NYSE: HELI), purchasing 384,000 convertible preferred shares for a price of $384 million. The transaction was consistent with terms of an investment agreement that CHC and CD&R entered into on Aug. 21. As part of the... Read more

COHC accepts delivery of its first Sikorsky S-92

COHC accepts delivery of its first Sikorsky S-92

12-Nov-2014Source: Sikorsky

Sikorsky today announced China’s CITIC Offshore Helicopter Company (COHC) has accepted delivery of its first S-92® helicopter. Sikorsky, a subsidiary of United Technologies Corp. (NYSE: UTX), announced the delivery at Airshow China in Zhuhai, China. In June of 2013, COHC and Sikorsky signed for two S-92 helicopters to be used for offshore oil and gas... Read more

Pawan Hans to be Stock Exchange listed in 2015

Pawan Hans to be Stock Exchange listed in 2015

11-Nov-2014Source: Yahoo Finance

State-owned Airports Authority of India (AAI) and national helicopter company Pawan Hans will be listed on the stock exchanges early next year. See Full Story... Read more

PHI reports results for 2014 Q3 Ended September 30th

PHI reports results for 2014 Q3 Ended September 30th

10-Nov-2014Source: PHi

PHI, Inc. (The Nasdaq Global Market: PHII (voting) PHIIK (non-voting)) today reported financial results for the quarter ended September 30, 2014. Consolidated operating revenues for the three months ended September 30, 2014 were $216.3 million, compared to $200.8 million for the three months ended September 30, 2013, an increase of $15.5 million. Oil and Gas... 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

Indonesian offshore operators sign for three AW139s

Indonesian offshore operators sign for three AW139s

9-Nov-2014Source: AgustaWestland

AgustaWestland is pleased to announce that contracts for three AW139 intermediate twin helicopters were signed with various Indonesian operators. These aircraft which will be used to support the offshore oil and gas industry in Indonesia will be delivered in 2015 and 2016. The contracts add another customers in South East Asia for the bestselling AW139... Read more

Colombia – Helistar buys two offshore AW139s

Colombia – Helistar buys two offshore AW139s

9-Nov-2014Source: AgustaWestland

AgustaWestland is pleased to announce that Helistar de Aviacion of Colombia has signed a contract for two AW139 intermediate twin helicopters, marking the entrance of the type in the Latin American country and the first offshore AW139 in Spanish South America. These aircraft, whose delivery is expected in 2015, will be used to support the... Read more

Erickson signs oil support contract in Ecuador

Erickson signs oil support contract in Ecuador

6-Nov-2014

Erickson Incorporated (NASDAQ:EAC), a leading global provider of aviation services, announced today that the Portland-based company has entered the Ecuadorian market by partnering with Avioandes S. A. and signed a contract with Agip Oil Ecuador. Based in Quito, the oil and gas provider is owned by parent company Eni SpA (BIT:ENI), an integrated energy company... 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

Bristow Director panelist at International Aviation Women’s Association Conference

Bristow Director panelist at International Aviation Women’s Association Conference

6-Nov-2014Source: Bristow

Bristow Fleet Management Director Nina Jonsson was a panelist at the International Aviation Women’s Association (IAWA) 26th Annual Conference. Jonsson is one of the few women in the aviation industry globally with technical, operational and strategic responsibilities, and for this speaking engagement, leveraged her expertise gained from more than 25 years with the airlines and... Read more

Waypoint Leasing acquires 31 CHC aircraft to surpass $1 Billion of assets

Waypoint Leasing acquires 31 CHC aircraft to surpass $1 Billion of assets

4-Nov-2014Source: Waypoint Leasing

Waypoint Leasing (“Waypoint”), a leading global helicopter leasing company, today announced that it has reached an agreement with First Reserve, the largest global private equity and infrastructure investment firm exclusively focused on energy, to acquire a portfolio of 31 in-demand, new technology aircraft. The portfolio includes 18 AgustaWestland AW139s, 11 Sikorsky S-92s and two Sikorsky... Read more

Era Group Inc. Announces Organizational Realignment

Era Group Inc. Announces Organizational Realignment

30-Oct-2014Source: ERA

Era Group Inc. ERA, +1.16% today announced executive appointments and an organizational change as part of a proactive, company-wide realignment designed to streamline its business, provide better service to its customers and grow its market share on a global basis. Under the new organizational structure, Era will integrate each of the customer-facing and operational aspects... Read more

Total E&P awards CHC long-term North Sea contract

Total E&P awards CHC long-term North Sea contract

28-Oct-2014Source: CHC Helicopter

Total E&P UK is extending a decades-long relationship with CHC Helicopter in the North Sea, awarding CHC a long-term helicopter transportation contract to support Total’s offshore operations across the United Kingdom Continental Shelf (UKCS). The contract calls for CHC to operate two Sikorsky S-92 and two Airbus EC225 helicopters on behalf of Total. The helicopters... Read more

Oil & Gas UK comments on UK Government’s response to offshore helicopter safety report

Oil & Gas UK comments on UK Government’s response to offshore helicopter safety report

28-Oct-2014Source: Oil Gas

The Transport Select Committee published its report on offshore helicopter safety in July. Oil & Gas UK Chief Executive Malcolm Webb responded in a letter to the Committee report at the time. Today (October 27), the Government published its response to the Transport Select Committee Report alongside comments from Malcolm Webb’s letter. Oil & Gas... Read more

Elilombarda win Black Sea offshore contract with two AW139s

Elilombarda win Black Sea offshore contract with two AW139s

27-Oct-2014Source: HeliHub.com

Elilombarda have won a multiyear contract from a Russian Oil company to support an offshore installation in the Black Sea.  The company will operate two AW139s from Constanta in Romania. Unusually for an Italian operator, the aircraft concerned have both come from the US production line in Philadelphia.  I-VEGB (msn 41375) and I-VEGC (msn 41379)... Read more

Helicopter Operators Formally Launch HeliOffshore

Helicopter Operators Formally Launch HeliOffshore

21-Oct-2014Source: HeliOffshore

Five major helicopter operators today officially announced a new industry association – HeliOffshore – for organisations with an interest in working together on safety in offshore helicopter transport. The new association was introduced at a launch event at its offices in London. Founded by five major helicopter operators, HeliOffshore will use cross-industry cooperation as a... Read more

Heli-One Completes major mods for Waypoint Leasing on two S-76s

Heli-One Completes major mods for Waypoint Leasing on two S-76s

17-Oct-2014Source: Heli-one

Helicopter leasing customers around the world rely on Waypoint Leasing to help them modernize, grow and manage their fleets. Waypoint, in turn, depends on Heli-One to skillfully and efficiently provide mission-ready helicopters that their customers demand. Heli-One is a segment of CHC Helicopter, the operating company of CHC Group Ltd. (NYSE:HELI). Waypoint recently chose Heli-One,... Read more

Bel Air takes delivery of first AW189 and signs for a third

Bel Air takes delivery of first AW189 and signs for a third

16-Oct-2014Source: AgustaWestland

AgustaWestland is pleased to announce that Bel Air of Denmark has taken delivery of its first AW189 super medium helicopter during an official ceremony held at Helitech International today (Amsterdam, October 14th – 16th). The aircraft will be used for offshore oil and gas transport missions in the North Sea while a second helicopter will... Read more

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