Financials

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Babcock considers selling aerial emergency services businesses

Babcock considers selling aerial emergency services businesses

14-Apr-2021

In a detailed press release under the brief title of “Business Update”, Babcock International Group not only reaffirmed the sale of their offshore business, but also indicated that all aerial emergency services businesses are under review.  The company admitted that the Avincis acquisition in 2014 has not delivered shareholder value with low returns on high... Read more

Abu Dhabi Aviation to buy Falcon?

Abu Dhabi Aviation to buy Falcon?

8-Apr-2021Source: Me Confidential

Abu Dhabi Aviation Co. (ADA) has expressed intent to fully acquire Falcon Aviation Services (FAS), an aviation service company based in the Emirati capital, Zawya reports. See Full Story. ... Read more

Babcock sells offshore helicopter business

Babcock sells offshore helicopter business

11-Mar-2021Source: Babcock

Babcock, the aerospace and defence company, has entered into a conditional agreement for the sale of its Oil and Gas aviation business to CHC Group, LLC (CHC). The Oil and Gas business, which is part of the Group’s Aviation sector, provides offshore oil and gas crew transportation services in the UK, Denmark and Australia. It... Read more

Significant questions raised over Chinese manufacturer EHang

Significant questions raised over Chinese manufacturer EHang

18-Feb-2021Source: Wolfpack Research

US-based research and publishing firm Wolfpack Research has published a paper of their research into the Chinese passenger-carrying drone manufacturer EHang. The report starts as follows EHang (NASDAQ: EH) is an elaborate stock promotion, built on largely fabricated revenues based on sham sales contracts with a customer who appears to us to be more interested... Read more

Blade to go public at $825 Million valuation

Blade to go public at $825 Million valuation

16-Dec-2020Source: NY Times

Blade Urban Air Mobility, the New York-based helicopter taxi service, has struck a deal to go public backed by KSL Capital in a deal that values the company at about $825 million. This includes $400 million in proceeds, which includes a $125 million infusion along with the cash in the SPAC (Special Purpose Acquisition Company)... Read more

Bristow announces FY2021 Q1 Earnings Release Call

Bristow announces FY2021 Q1 Earnings Release Call

31-Jul-2020Source: Bristow

Bristow Group Inc. (NYSE: VTOL), one of the largest helicopter operators in the world, today announced it will release financial results for its first quarter for fiscal year 2021 after the market closes on Thursday, August 6, 2020. In connection with the release, Bristow has scheduled a conference call for Friday, August 7, 2020 to begin at 10 a.m. ET (9... Read more

GE writes off $729M of goodwill in Milestone Aviation

GE writes off $729M of goodwill in Milestone Aviation

30-Jul-2020Source: HeliHub.com

In it’s 2020 Q2 report released yesterday, US conglomerate General Electric has written off $729 million of their valuation of the Milestone Aviation helicopter leasing business they acquired in 2015 for $1.775 billion plus the assumption or payoff of the company’s existing debt. GE normally carries out an annual test for goodwill impairment in their... Read more

Bristow Completes Merger with Era

Bristow Completes Merger with Era

11-Jun-2020Source: Bristow

Bristow Group Inc. (NYSE:VTOL) and Era Group Inc. (“Era”) announced today that they have completed their combination (the “Merger”), creating a financially stronger company with enhanced size and diversification. The newly combined company will use the Bristow Group name (“Bristow”) and will remain a publicly traded company on the New York Stock Exchange.  The newly combined company’s common... Read more

Air Zermatt and Air Glaciers to merge

Air Zermatt and Air Glaciers to merge

12-Mar-2020Source: Air Glaciers

Bruno Bagnoud, founder of AIR-GLACIERS SA, has chosen the occasion of his 85th birthday to retire from the management of the Company while ensuring the transition with his successor, who will be appointed shortly. He will remain at the disposal of the Company whose next general meeting of April 4, 2020 will be the opportunity to... Read more

Babcock lowers expectations for Aviation for this financial year

Babcock lowers expectations for Aviation for this financial year

14-Feb-2020Source: HeliHub.com

British based Babcock International Group has put out a Trading Update this week which paints a very mixed situation for its Aviation division.  From the full statement below we note implementing improvement and restructuring programmes £85 million write down on assets and leases in our oil and gas business Good trading performance in UK and international... Read more

Leonardo to acquire Kopter

Leonardo to acquire Kopter

28-Jan-2020Source: Leonardo

Leonardo has signed a contract with Lynwood (Schweiz) AG to acquire 100% of Kopter Group AG (Kopter). This move allows Leonardo to further strengthen its worldwide leadership and position in the rotorcraft sector; leveraging innovation, new capabilities and engineering skills which have been developed by the young, agile Swiss Company. Kopter’s SH09, a new single... Read more

Bristow to merge with Era Helicopters

Bristow to merge with Era Helicopters

24-Jan-2020Source: Bristow Group

Letter posted by Bristow Group as an official filing with the US SEC (Securities and Exchange Commission), written by L. Don Miller, President and Chief Executive Officer.:- Dear Colleagues, Today is an important day in the life of Bristow as we continue to position our global company for long term success. It is with great enthusiasm... Read more

Dart Aerospace buys Simplex

Dart Aerospace buys Simplex

2-Oct-2019Source: Dart Aerospace

DART Aerospace is pleased to announce that it has recently acquired aerial firefighting mission equipment leader Simplex Aerospace. Based in Portland, Oregon, Simplex Aerospace is an aviation industry veteran serving thousands of operators and OEMs worldwide. Its reputation as a world leader in the innovation, manufacturing and certification of aerial application systems has been built... Read more

Bristow picks the weekend to file for Chapter 11

Bristow picks the weekend to file for Chapter 11

13-May-2019Source: Bristow Group

Bristow took the unusual step of announcing this on a Saturday:- Bristow Group Inc. (NYSE: BRS) (“Bristow” or the “Company”) today announced that the Company has voluntarily filed for Chapter 11 protection in the U.S. Bankruptcy Court for the Southern District of Texas (the “Bankruptcy Court” or “the Court”). Bristow intends to use the proceedings to restructure and... Read more

Pawan Hans unable to pay April salaries

Pawan Hans unable to pay April salaries

30-Apr-2019Source: HeliHub.com

India’s largest helicopter operator, Pawan Hans, is in a financial crisis and unable to pay employee salaries for April. The company reportedly sent a circular sent to employees on Thursday saying that the company is facing “an uncomfortable financial position”. It is also the time of year that salary levels are historically reviewed, according to... Read more

Babcock sells their half of Helidax – but was Brexit to blame?

Babcock sells their half of Helidax – but was Brexit to blame?

12-Apr-2019Source: HeliHub.com

In January 2008, the French Ministry of Defence launched its first private-public partnership (PPP) under a contract signed with Hélidax. This company has been equally owned by Babcock MCS France and DCI (Défense Conseil International). Babcock acquired their half through the purchase of Avincis, a group of companies which included INAER Helicopter France – which... Read more

PHi report on results for the year to 31 December 2018

PHi report on results for the year to 31 December 2018

20-Mar-2019Source: PHI

PHI, Inc. (Nasdaq: PHII (voting); PHIIK (non-voting)) today reported financial results for the year ended December 31, 2018. PHI, Inc (the “Company”) today announced a net loss from continuing operations for the year ended December 31, 2018 of $141.5 million, or $8.95 per share, on revenue of $674.4 million. This compares to a net gain... Read more

PHI enters Chapter 11 bankruptcy protection

PHI enters Chapter 11 bankruptcy protection

15-Mar-2019Source: PHI

PHI, Inc. (The Nasdaq Select Global Market: PHII (voting); PHIIK (non-voting)) (“PHI” or “the Company”) today announced that PHI and its principal U.S. entities filed for voluntary Chapter 11 protection in the U.S. Bankruptcy Court for the Northern District of Texas to address the upcoming maturity of PHI’s unsecured senior notes and strengthen its balance sheet in... Read more

Macquarie completes acquisition of Waypoint Leasing

Macquarie completes acquisition of Waypoint Leasing

13-Mar-2019Source: Macquarie

Macquarie Group Limited (ASX; MQG; ADR: MQBKY) announced today that Macquarie Rotorcraft Leasing has completed the acquisition of a helicopter portfolio from Waypoint Leasing Holdings Ltd. (“Waypoint”) and its subsidiaries. The portfolio acquired from Waypoint comprises 120 medium and heavy helicopters leased to approximately 30 operators as well as a number of firm and option... Read more

Dart Aerospace sold to private equity group Greenbriar

Dart Aerospace sold to private equity group Greenbriar

11-Mar-2019Source: Dart

Greenbriar Equity Group, L.P. (“Greenbriar”) and First Aviation Services Inc. (“FAvS”) today announced the acquisition of DART Aerospace (“DART” or “the Company”), a leading provider of mission equipment and aftermarket components for the helicopter and fixed-wing industries. DART has operated as a subsidiary of Eagle Copters Ltd. (“Eagle Copters”) and Era Group Inc. (“Era”) for... Read more

Era Group Announces Q4 and FY2018 Earnings Release Call

Era Group Announces Q4 and FY2018 Earnings Release Call

6-Mar-2019Source: Era Group

Era Group Inc. (NYSE: ERA), one of the largest helicopter operators in the world, today announced it will release financial results for its fiscal year and fourth quarter 2018 after the market closes on Thursday, March 7, 2019. In connection with the release, Era has scheduled a conference call for Friday, March 8, 2019, to... Read more

Major PHI shareholder issues Open Letter to Management

Major PHI shareholder issues Open Letter to Management

20-Feb-2019Source: Timothy Stabosz via Globe Newswire

One of PHI, Inc.’s [Nasdaq: PHIIK, PHII] largest shareholders, Timothy Stabosz, who owns roughly 11% of the company’s non-voting (PHIIK) shares, today released an “open letter to management,” calling on the company to address, and refute, a story published by Debtwire on February 11th.  Such letter is provided below in its entirety.  Separately, Stabosz announces... Read more

Bristow calls off acquisition of Columbia Helicopters

Bristow calls off acquisition of Columbia Helicopters

11-Feb-2019Source: Bristow

Bristow Group Inc. (NYSE: BRS) and Columbia Helicopters, Inc. today announced that Bristow and Columbia have mutually agreed to terminate Bristow’s agreement to acquire Columbia.  In connection with the termination, Bristow has paid $20 million to Columbia.  Bristow, Columbia and Columbia’s shareholders have agreed to release each other from all claims in connection with the purchase agreement and the... Read more

Bristow postpones FY2019 Q3 earnings release and concall

Bristow postpones FY2019 Q3 earnings release and concall

7-Feb-2019Source: Bristow

Bristow Group Inc. (NYSE: BRS), the leading provider of global industrial aviation services, announced today that it will now release financial results for its fiscal year 2019 third quarter after the market closes on Monday, February 11, 2019. Bristow has also rescheduled its conference call, which will now be broadcast live over the internet on... Read more

StandardAero sold by one private equity firm to another

StandardAero sold by one private equity firm to another

18-Dec-2018Source: StandardAero

Global alternative asset manager The Carlyle Group (NASDAQ: CG) today announced it has agreed to acquire StandardAero, a global provider of aftermarket engine maintenance, repair and overhaul (MRO) services for the aerospace and defense industries, from Veritas Capital. The transaction is subject to customary regulatory conditions and is expected to close by the end of... Read more

CEO retires as Bristow announce acquisition of Columbia Helicopters

CEO retires as Bristow announce acquisition of Columbia Helicopters

9-Nov-2018Source: Bristow

Bristow Group Inc. (NYSE: BRS), the leading provider of global industrial aviation services, today announced the upcoming retirement of Jonathan E. Baliff, Chief Executive Officer of Bristow Group, in the coming months. Thomas N. Amonett, Vice-Chairman of the Board of Directors of Bristow, has been appointed to serve as the interim President of the Company during the CEO transition... Read more

HNZ Group Reports FY2017 Q2 Results

HNZ Group Reports FY2017 Q2 Results

18-Aug-2017Source: HNZ

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

CHC: Rising from the ashes of Chapter 11

CHC: Rising from the ashes of Chapter 11

21-Dec-2016Source: Allan Blake

CHC Group Ltd and 42 affiliated companies petitioned to enter the US Chapter 11 process on 5th May 2016, with outstanding debt obligations of approximately $1.6 billion. The Chapter 11 process has many of the features present in bankruptcy proceedings both in the US and other jurisdictions. However, it also provides additional benefits for debtors... Read more

Lockheed Martin Announces FY2016 Q3 Earnings date

Lockheed Martin Announces FY2016 Q3 Earnings date

25-Oct-2016Source: Lockheed Martin

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

McNally Invests in Genesys Aerosystems

McNally Invests in Genesys Aerosystems

25-Oct-2016Source: McNally Capital

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

Bristow announces date for Q2 results

Bristow announces date for Q2 results

19-Oct-2016Source: Bristow Group

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

Waypoint tries to scupper CHC marriage to Milestone

Waypoint tries to scupper CHC marriage to Milestone

17-Oct-2016Source: Allan Blake

In Helitech 2016: Shaking Up the Offshore Helicopter Business I commented that: “some lessors are definitely not welcoming the recently announced Milestone (part of GE) relationship with CHC…have no doubt that the position is pretty dire for those lessors focused on heavy aircraft in the offshore oil and gas market and those with CHC exposure... Read more

Pawan Hans Sets New Goals ahead of stock market flotation

Pawan Hans Sets New Goals ahead of stock market flotation

17-Oct-2016Source: HeliHub.com

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

Milestone gets in bed with CHC

Milestone gets in bed with CHC

12-Oct-2016Source: CHC

CHC Group (the “Company” or “CHC”) (OTC Pink Sheets: HELIQ) today announced that it has entered into a plan support agreement (the “PSA”) with respect to the terms of a chapter 11 plan of reorganization (the “Plan”). The PSA contemplates a comprehensive recapitalization of the Company that will provide $300 million in new capital from... Read more

Russian Helicopters to Sell Shares

Russian Helicopters to Sell Shares

10-Oct-2016Source: HeliHub.com

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

100 layoffs at Erickson Air Crane

100 layoffs at Erickson Air Crane

9-Sep-2016Source: HeliHub.com

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

XTI Aircraft Company Launches Series B Financing

XTI Aircraft Company Launches Series B Financing

8-Sep-2016Source: XTI

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

Bristow Group To Present At Barclays CEO Energy – Power Conference

Bristow Group To Present At Barclays CEO Energy – Power Conference

5-Sep-2016Source: Bristow

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

Nigeria – Caverton expects H1 profit to be substantially down

Nigeria – Caverton expects H1 profit to be substantially down

23-Aug-2016Source: Caverton

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

Erickson Announces Date for FY2016 Q2 Results

Erickson Announces Date for FY2016 Q2 Results

5-Aug-2016Source: Erickson

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

Air Methods to release earnings numbers on Thursday

Air Methods to release earnings numbers on Thursday

4-Aug-2016Source: Air Methods

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

Era Group Announces FY 2016 Q2 Earnings Release Call

Era Group Announces FY 2016 Q2 Earnings Release Call

29-Jul-2016Source: Era

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

Air Methods provides Q2 financials update

Air Methods provides Q2 financials update

28-Jul-2016Source: Air Methods

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

Bristow announces FY2017 Q1 results and concall

Bristow announces FY2017 Q1 results and concall

19-Jul-2016Source: Bristow

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

Kaman announces release date for 2016 Q2 earnings

Kaman announces release date for 2016 Q2 earnings

7-Jul-2016Source: Kaman

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

Cobham poaches CFO from rival QinetiQ

Cobham poaches CFO from rival QinetiQ

6-Jul-2016Source: Cobham

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

FLIR Systems Acquires Armasight for $41M

FLIR Systems Acquires Armasight for $41M

29-Jun-2016Source: FLIR Systems

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

Bristow Group adds new Board director with particular experience

Bristow Group adds new Board director with particular experience

29-Jun-2016Source: SEC

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

California EMS operators REACH and CALSTAR to merge

California EMS operators REACH and CALSTAR to merge

17-Jun-2016Source: REACH

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

Erickson agrees to pay $18.5M to settle shareholder suit

Erickson agrees to pay $18.5M to settle shareholder suit

15-Jun-2016Source: HeliHub.com

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

Erickson says it is exploring strategic alternatives

Erickson says it is exploring strategic alternatives

9-Jun-2016Source: Erickson

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

Erickson appoints CFO

Erickson appoints CFO

9-Jun-2016Source: Erickson

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

Pawan Hans diversifies further ahead of IPO

Pawan Hans diversifies further ahead of IPO

6-Jun-2016Source: HeliHub.com

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

New CFO joins Air Methods

New CFO joins Air Methods

2-Jun-2016Source: Air Methods

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

Bristow Group Announces Quarterly Dividend

Bristow Group Announces Quarterly Dividend

26-May-2016Source: Bristow

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

HNZ to combine trading symbols on Toronto Stock Exchange

HNZ to combine trading symbols on Toronto Stock Exchange

13-May-2016Source: HNZ

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

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

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

12-May-2016Source: HeliHub.com

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

Waypoint increases revolving credit facility by $37M

Waypoint increases revolving credit facility by $37M

11-May-2016Source: Waypoint

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

PHi First Quarter turnover down 20%

PHi First Quarter turnover down 20%

10-May-2016Source: PHi

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

Court approves CHC First Day Motions to Support Business Operations

Court approves CHC First Day Motions to Support Business Operations

10-May-2016Source: CHC

CHC Group (OTC Pink Sheets: HELIQ; the “Company” or “CHC”) today announced the Company has received approval from the United States Bankruptcy Court for the Northern District of Texas for its First Day motions related to its voluntary Chapter 11 reorganization. Collectively, the First Day orders issued by the Court will help CHC continue to... Read more

Argus Completes Acquisition of Unmanned Safety Institute

Argus Completes Acquisition of Unmanned Safety Institute

10-May-2016Source: Argus

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

Bristow announces FY2016 Q4 Earnings Release and Conference Call Schedule

Bristow announces FY2016 Q4 Earnings Release and Conference Call Schedule

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

Erickson reports on FY2106 Q1 results

Erickson reports on FY2106 Q1 results

6-May-2016Source: Erickson

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

CHC files bankruptcy Chapter 11 for restructuring

CHC files bankruptcy Chapter 11 for restructuring

5-May-2016Source: CHC

CHC Group  today announced that the Company and certain of its wholly-owned subsidiaries have filed voluntary petitions for relief under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the Northern District of Texas to facilitate the restructuring of its balance sheet and fleet, and position the Company for... Read more

Babcock buys German operator Heli Aviation

Babcock buys German operator Heli Aviation

28-Apr-2016Source: HeliHub.com

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

Era Group announces FY 2016 Q1 earnings release call

Era Group announces FY 2016 Q1 earnings release call

28-Apr-2016Source: 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 first quarter 2016 after the market closes on Tuesday, May 3, 2016. In connection with the release, Era has scheduled a conference call for Wednesday, May 4, 2016, to begin... Read more

Erickson Announces Date for FY2016 Q1 Results

Erickson Announces Date for FY2016 Q1 Results

26-Apr-2016Source: Erickson

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

XTI Aircraft passes $1M in Equity Crowdfunding Investments

XTI Aircraft passes $1M in Equity Crowdfunding Investments

22-Apr-2016Source: XTI Aircraft

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

Waypoint closes $100 million term loan facility

Waypoint closes $100 million term loan facility

19-Apr-2016Source: Waypoint

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

CHC misses interest payment – all options open

CHC misses interest payment – all options open

18-Apr-2016Source: HeliHub.com

Offshore and SAR operator CHC must be under significant pressure to not make an interest payment.  The company has announced that $46 million was due Friday on its 9.25% senior secured notes maturing October 15, 2020 (the “2020 Notes”).  The small print governing the 2020 Notes allows CHC a 30-day grace period after the interest... Read more

Air Methods gives in to shareholder Voce Capital

Air Methods gives in to shareholder Voce Capital

24-Mar-2016Source: Air Methods

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

Finmeccanica proposes rename as Leonardo

Finmeccanica proposes rename as Leonardo

21-Mar-2016

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

Castle Air buys business jet operator Sovereign

Castle Air buys business jet operator Sovereign

17-Mar-2016Source: HeliHub.com

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

Lockheed Martin warns of Sikorsky under-performance

Lockheed Martin warns of Sikorsky under-performance

9-Mar-2016Source: Lockheed Martin

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

HNZ expands Canadian operations with investment in Acasta Heliflight

HNZ expands Canadian operations with investment in Acasta Heliflight

9-Mar-2016Source: HNZ

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

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