Financials

Air Methods reports FY11Q1 results and Q2 update

Air Methods reports FY11Q1 results and Q2 update

5-May-2011Source: Air Methods

Air Methods Corporation (Nasdaq:AIRM), the largest air medical transportation company in the world, reported financial results for the quarter ended March 31, 2011 and provided an update on April 2011 flight volume. For the quarter, revenue increased 11% to $131.9 million from $118.5 million in the prior-year quarter. Net income for the first quarter of... Read more

Bristow schedules FY11 Q4 and year-end earnings release/call

Bristow schedules FY11 Q4 and year-end earnings release/call

4-May-2011Source: 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 2011 fourth quarter and year-ended March 31, 2011, after the market closes on Tuesday, May 10. In conjunction with the release, Bristow has scheduled a conference call, which will be... Read more

Great Slave Helicopters parent Discovery Air completes debt repayment and equity swap

Great Slave Helicopters parent Discovery Air completes debt repayment and equity swap

4-May-2011Source: Discovery Air

Discovery Air Inc. (“Discovery Air” or the “Corporation”) announced today that it has completed its previously announced transaction to repay approximately $13.2 million in aggregate debt owed by the Corporation to a senior officer of Discovery Air and a senior officer of Great Slave Helicopters Ltd. (“Great Slave”, a wholly-owned subsidiary of the Corporation) (the “Related Parties”).... Read more

World Helicopters acquires Bond Aviation Group for €300m

World Helicopters acquires Bond Aviation Group for €300m

2-May-2011Source: World Helicopters

Bond Aviation Group becomes an integral part of World Helicopters, together with the Inaer Helicopter Company and Australian Helicopters. Creates the world leader in the emergency helicopter services industry. Creates a leading player in the international oil and gas helicopter services industry. World Helicopters will operate ca. 360 aircrafts (rotary and fixed wing). World Helicopters,... Read more

Air Methods to report Q1 results after market close on May 5

Air Methods to report Q1 results after market close on May 5

28-Apr-2011Source: Air Methods

Air Methods Corporation (Nasdaq:AIRM) will report financial results for the first quarter ended March 31, 2011 after the close of the market on Thursday, May 5, 2011. The Company has scheduled a conference call for Thursday, May 5, 2011 at 4:15 p.m. Eastern to discuss these results. Interested parties can access the call by dialing... Read more

Discovery Air announces Can$30M public offering

Discovery Air announces Can$30M public offering

28-Apr-2011Source: Discovery Air

Discovery Air Inc. today announced that it has entered into an agreement with GMP Securities L.P. (the “Underwriter”) pursuant to which the Underwriter has agreed to purchase $30 million principal amount of convertible unsecured subordinated debentures (“Convertible Debentures”) at a price of $1,000 per debenture. Discovery Air has also granted the Underwriter an over-allotment option... Read more

UK: Sister company of PremiAir Aviation and Battersea HP in administration

UK: Sister company of PremiAir Aviation and Battersea HP in administration

23-Apr-2011Source: HeliHub.com

Two banks – Lloyds and Barclays – have called in administrators Ernst & Young on Von Essen Hotels Ltd after the company failed to make interest payments on its £250m debt.  The company owns 26 luxury hotels in UK and France, including some of the finest stately homes and castles in the country including Thornbury... Read more

Eurocopter Holding and Vector Aerospace mail bid materials

Eurocopter Holding and Vector Aerospace mail bid materials

23-Apr-2011Source: Eurocopter

Paris, France and Toronto, Canada – April 21st, 2011 Eurocopter Holding, a subsidiary of EADS (EUR:EAD) and Vector Aerospace Corporation (TSX:RNO) a Canadian company listed on the Toronto Stock Exchange, are pleased to announce that the formal bid circular in respect of the offer by 7762798 Canada Inc., a wholly-owned subsidiary of Eurocopter Holding, to... Read more

Discovery Air clears debt to senior officer of Great Slave Helicopters

Discovery Air clears debt to senior officer of Great Slave Helicopters

21-Apr-2011Source: Discovery Air

Discovery Air Inc. (“Discovery Air” or the “Corporation”) announced today that it has entered into an agreement (the “Agreement”) to repay approximately $13.5 million in aggregate debt owed by the Corporation to a senior officer of Discovery Air and a senior officer of Great Slave Helicopters Ltd. (“Great Slave”, a wholly-owned subsidiary of the Corporation) (the “Related... Read more

Russian Helicopters prepares for London listing

Russian Helicopters prepares for London listing

13-Apr-2011Source: HeliHub.com

Russian Helicopters is in line to become the first global Russian defence company to list on the London Stock Exchange, following announcement of  plans to raise $500m (£307m).  The company reports about 8,500 machines in operation and accounts for 13% of the global helicopter fleet. With revenues last year of $2.7bn, the company has yet... Read more

Canadian Helicopters buys Helicopters NZ for C$120M

Canadian Helicopters buys Helicopters NZ for C$120M

13-Apr-2011Source: Canadian Helicopters

Canadian Helicopters Group Inc. (TSX: CHL.A, CHL.B), the largest helicopter transportation services company operating in Canada, announced today that its wholly-owned subsidiary Canadian Helicopters Limited (“CHL”) has entered into a sale and purchase agreement to acquire the assets of Helicopters (N.Z.) Limited, including the shares of Helicopters (Australia) Pty Ltd and other active subsidiary companies,... Read more

Spirit AeroSystems announces public stock offering by existing equity holders

Spirit AeroSystems announces public stock offering by existing equity holders

8-Apr-2011Source: Spirit AeroSystems

Spirit AeroSystems Holdings, Inc. (NYSE: SPR) (the “Company”) today announced that it intends to commence a public secondary offering of 10,307,375 shares of class A common stock. The Company will not receive any proceeds from the offering. The shares are being offered primarily by affiliates of Onex Corporation (“Onex”) and members of management of the Company.... Read more

Boustead allocates $330M to expand MHS Aviation and Pharmaniaga

Boustead allocates $330M to expand MHS Aviation and Pharmaniaga

7-Apr-2011Source: HeliHub.com

New owners Boustead Holdings Bhd have allocated 1 billion Ringgits as 2011 capital expenditure for subsidiaries MHS Aviation Bhd and also Pharmaniaga Bhd.  No split has been announced to give a specific figure for the Malaysian offshore helicopter operator.  A company official said on today that Lembaga Tabung Angkatan Tentera (LTAT), which owns 59.28% of... Read more

Spirit AeroSystems to recognize Q1 charge on CH-53K program

Spirit AeroSystems to recognize Q1 charge on CH-53K program

7-Apr-2011Source: Spirit AeroSystems

Spirit AeroSystems Holdings, Inc. (NYSE: SPR) today announced it expects a pre-tax charge of approximately $28 million, or $0.13 per share associated with the development effort on the CH-53K helicopter program. “As a result of lessons learned on development of the initial cockpit and cabin, we have decided to proceed with a more traditional design... Read more

Helicopters and leasing aircraft generate big returns – Air Methods and Bristow featured

Helicopters and leasing aircraft generate big returns – Air Methods and Bristow featured

6-Apr-2011Source: Small Cap Networks

Air Methods and Bristow are featured in this article on share price returns... Read more

Ducommun to acquire LaBarge for $340 million

Ducommun to acquire LaBarge for $340 million

5-Apr-2011Source: Ducommun

Ducommun Incorporated (NYSE: DCO) today announced that it has entered into a definitive agreement to acquire all outstanding stock of LaBarge, Inc. (AMEX: LB). LaBarge, with revenue of $324 million for the twelve months ended January 2, 2011, is a widely recognized supplier of electronics manufacturing services (EMS) operating across many high-growth industries. The acquisition... Read more

Private equity eats another US ambulance company; Air Medical Services next?

Private equity eats another US ambulance company; Air Medical Services next?

29-Mar-2011Source: Street Insider

Private equity firms clearly see a big opportunity in the ambulance transport service sector, announcing two large deals in the past couple of months.  Speculation points to Air Methods... Read more

Acquisition #3 – Boustead buys 51% of MHS Aviation

Acquisition #3 – Boustead buys 51% of MHS Aviation

28-Mar-2011Source: HeliHub.com

Boustead Holdings Bhd will buy a 51% stake in helicopter and aircraft charter services provider MHS Aviation Bhd for RM100mil in an effort to strengthen its involvement in the oil and gas industry. In Kuala Lumpur today, a filing on the “Bursa Malaysia” stock market stated that Boustead will buy 10.2mil shares of MHS Aviation... Read more

Acquisition #2 – EADS acquires Vector Aerospace

Acquisition #2 – EADS acquires Vector Aerospace

28-Mar-2011Source: Vector Aerospace

Leiden, The Netherlands and Toronto, Canada – March 28th, 2011 – Eurocopter Holding, a subsidiary of EADS (EUR:EAD) and Vector Aerospace Corporation (TSX:RNO), a Canadian company listed on the Toronto Stock Exchange, have entered into a Support Agreement pursuant to which Eurocopter Holding will acquire all of the issued and outstanding common shares of Vector... Read more

Acquisition #1 – Bond Aviation Group sold to INAER’s private equity owners

Acquisition #1 – Bond Aviation Group sold to INAER’s private equity owners

28-Mar-2011Source: HeliHub.com

Bond Aviation Group, the UK company encompassing the onshore operator Bond Air Service and its sister company Bond Offshore Helicopters, is set to be sold by Stephen and Peter Bond for a figure thought to be around £300 million (approx $480M).  The buyers are the two private equity groups that own Spanish operator INAER, which... Read more

EADS in talks to buy Vector Aerospace

EADS in talks to buy Vector Aerospace

25-Mar-2011Source: Vector Aerospace

In light of recent statements in the press, Vector Aerospace Corporation (“Vector” or the “Corporation”) has been asked by Market Surveillance on behalf of the Toronto Stock Exchange to disclose the current state of the review of strategic alternatives with the objective of enhancing shareholder value announced previously by the Corporation. In the process of... Read more

Canadian Helicopters declares monthly dividends

Canadian Helicopters declares monthly dividends

23-Mar-2011Source: Canadian Helicopters

Canadian Helicopters Group Inc. (the “Group”) (TSX: CHL.A CHL.B) announced today that its Board of Directors has declared monthly dividends of $0.091875 per Common Share and Variable Voting Shares, payable on each of May 13, 2011, June 15, 2011 and July 15, 2011 to holders of record at the close of business April 29, 2011,... Read more

Canadian Helicopters to release Q4 results after market close 22nd March

Canadian Helicopters to release Q4 results after market close 22nd March

16-Mar-2011Source: Canadian Helicopers

Canadian Helicopters Group Inc. (“Canadian Helicopters”) (TSX: CHL.A CHL.B) will release its fourth quarter results ending December 31, 2010, on Tuesday March 22, 2011, after market close. The Canadian Helicopters Group Inc. conference call will take place Wednesday March 23, 2011 at 11:00 a.m. (ET) to review the financial results. To participate in this conference... Read more

PHI announces results for year to 31st December 2010

PHI announces results for year to 31st December 2010

15-Mar-2011Source: PHI

PHI, Inc. (“PHI”) (The Nasdaq Global Market: PHII (voting) PHIIK (non-voting)) today reported financial results for the year ended December 31, 2010. Oil and Gas segment revenues for 2010 were $345.4 million, compared to $316.2 million for 2009, an increase of $29.2 million or 9%. Segment operating profit was $55.3 million for 2010, compared to... Read more

Air Methods announces FY2010 results and FY2011 Q1 update

Air Methods announces FY2010 results and FY2011 Q1 update

11-Mar-2011Source: Air Methods

Air Methods Corporation (Nasdaq:AIRM), the largest air medical transportation company in the world, reported revenue and net income for the year and fourth quarter ended December 31, 2010. For the year, revenue increased 9% to $562.0 million compared to $514.3 million in the prior year. Net income increased 52% to $44.1 million, or $3.50 per diluted share,... Read more

Air Methods buys United Rotorcraft Solutions

Air Methods buys United Rotorcraft Solutions

7-Mar-2011Source: Air Methods

Air Methods Corporation (Nasdaq:AIRM), the largest air medical transportation company in the world, announced today the acquisition of United Rotorcraft Solutions (URS) by its Products Division. URS is a full-service helicopter and fixed-wing completions center and Maintenance Repair Operation (MRO). Founded by Dave and Traci Brigham in 2005, URS initially served the very unique demands... Read more

CPI Aero to present at Roth Capital Partners OC Growth Stock Conference

CPI Aero to present at Roth Capital Partners OC Growth Stock Conference

6-Mar-2011Source: CPI Aero

CPI Aerostructures, Inc. announced that its President & CEO, Edward Fred, will be addressing institutional investors at the Roth Capital Partners 23rd Annual OC Growth Stock Conference on Monday, March 14, 2011 at 1:00 pm PT / 4:00 pm ET at the Ritz Carlton Laguna Niguel in Dana Point, CA. Investors will be able to... Read more

Hawke Capital Partners to acquire Northeast Aviation Technologies

Hawke Capital Partners to acquire Northeast Aviation Technologies

6-Mar-2011Source: Hawke Capital Partners

The rotorcraft-focused private equity investor, Hawke Capital Partners, announced today that it reached agreement to acquire substantially all of the assets of NorthEast Aviation Technologies, Inc. NorthEast Aviation Technologies (NEAT) is headquartered at the Rostraver Airport in Westmoreland County, PA, currently employing 20 people. NEAT is an FAA Part 145 Repair Station and specializes in... Read more

Vector Aerospace to hold Q4 analyst concall on March 10th

Vector Aerospace to hold Q4 analyst concall on March 10th

3-Mar-2011Source: Vector Aerospace

Vector Aerospace Corporation will hold a fourth quarter 2010 conference call at 1:30p.m. EST on Thursday March 10, 2011. The conference call will review Vector’s results for the three and twelve months ended December 31, 2010. The scheduled speakers for the Company on the conference call are: Declan O’Shea, President and Chief Executive Officer and... Read more

Canadian Helicopters announces Normal Course Issuer Bid

Canadian Helicopters announces Normal Course Issuer Bid

3-Mar-2011Source: Canadian Helicopters

Canadian Helicopters Group Inc. ( “Canadian Helicopters”) (TSX: CHL.A CHL.B) announced today that the Toronto Stock Exchange (the “TSX”) has accepted Canadian Helicopter’s notice of intention to make a normal course issuer bid (the “Notice”) to purchase outstanding common shares and/or variable voting shares through the facilities of the TSX for a period of twelve... Read more

Hindustan Aeronautics plans IPO

Hindustan Aeronautics plans IPO

12-Feb-2011Source: HeliHub.com

Indian manufacturer Hindustan Aeronautics Ltd (HAL) is planning an IPO, although no date has yet been set.  The state owned company follows a number of others which the Indian Government have floated in recent years.  The move is being promoted as necessary from a corporate governance position, but it is also seen as a way... Read more

Sikorsky completes minority investment in Eclipse Aerospace

Sikorsky completes minority investment in Eclipse Aerospace

3-Feb-2011Source: Sikorsky

ALBUQUERQUE, N.M. – Sikorsky Aircraft Corp. and Eclipse Aerospace Inc. announced today the completion of a minority equity investment by Sikorsky in Eclipse Aerospace. The companies also entered into a Service Level Agreement pursuant to which Sikorsky will provide global supply chain support and certain production restart services, which will aid Eclipse Aerospace in its... Read more

Bristow Group announces FY11 Q3 results

Bristow Group announces FY11 Q3 results

2-Feb-2011Source: Bristow Group

HOUSTON, February 2, 2011 – Bristow Group Inc. (NYSE: BRS) today reported a 57% increase in net income for the three months ended December 31, 2010 to $41.8 million, or $1.13 per diluted share, compared to $26.7 million, or $0.74 per diluted share, in the December 2009 quarter.  The quarter benefited from year-over-year improvement in... Read more

Strong Q4 performance by Bell helps puts Textron back in the black

Strong Q4 performance by Bell helps puts Textron back in the black

26-Jan-2011Source: Textron

Textron Inc. (NYSE: TXT) today reported 2010 fourth quarter income of $0.19 per share, compared to a loss of $0.23 per share in the fourth quarter of 2009. Excluding special charges, the company reported income from continuing operations of $0.33 per share, up from $0.15 per share in the fourth quarter of 2009. Revenues were... Read more

Bristow Group announces FY11 Q3 Release and Conference Call Schedule

Bristow Group announces FY11 Q3 Release and Conference Call Schedule

26-Jan-2011Source: 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 2011 third quarter ended December 31, 2010, after the market closes onWednesday, February 2. In conjunction with the release, Bristow has scheduled a conference call, which will be broadcast... Read more

Receiver upbeat on Helicopters NZ sale

Receiver upbeat on Helicopters NZ sale

23-Jan-2011Source: Stuff

Strong bidding interest from overseas and New Zealand for South Canterbury Finance asset Helicopters NZ has receiver Kerryn Downey optimistic of a NZ$90M+ sale within three months... Read more

Bristow given “Outperform” rating by Zacks analysts

Bristow given “Outperform” rating by Zacks analysts

16-Jan-2011Source: Zacks

Equities research analysts at Zacks Investment Research reiterated an “outperform” rating on shares ofBristow Group Inc. (NYSE: BRS) in a research note to clients and investors on Wednesday. Separately, analysts at Howard Weil raised their price target on shares of Bristow Group Inc. from $48.00 to $54.00 in a research note to investors on Monday, December... Read more

Canadian Helicopters Group declares monthly dividends

Canadian Helicopters Group declares monthly dividends

16-Jan-2011Source: Canadian Helicopters

Canadian Helicopters Group Inc. (the “Group”) (TSX: CHL.A and CHL.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 15, 2011, March 15, 2011 and April 15, 2011 to holders of record at the close of business January 31,... Read more

Precision Aviation Group acquires Dallas-based Avcenter

Precision Aviation Group acquires Dallas-based Avcenter

13-Jan-2011Source: Precision Aviation Group

Atlanta, GA – based Precision Aviation Group (PAG), exclusive provider of ISMRO® (Inventory Supported Maintenance Repair & Overhaul), announces the acquisition of Dallas-based Avcenter, an FAA Repair Station specializing in Wheels, Brakes, and Accessories for the Aerospace industry. The Avcenter purchase allows PAG to expand the MRO services it provides to customers operating Fixed and Rotary-wing aircraft.... Read more

Bond Offshore Helicopters turnover up 13% at £61M, profits up 12%

Bond Offshore Helicopters turnover up 13% at £61M, profits up 12%

10-Jan-2011Source: Aberdeen Press & Journal

Recently released accounts show turnover at £61.09 million for the year to 31st March 2010, up 13%, and pre-tax profits at £3.572 million, up 12%... Read more

Bristow completes redemption of 6.125% senior notes due 2013

Bristow completes redemption of 6.125% senior notes due 2013

5-Jan-2011Source: Bristow Group

Bristow Group Inc. (NYSE: BRS), the leading provider of helicopter services to the offshore energy industry, today announced that it has completed the redemption of its $230 million face value 6 1/8% Senior Notes due June 2013. The notes were redeemed at 101.021% of face value, or approximately $232 million, plus accrued and unpaid interest... Read more

Canadian Helicopters completes conversion to corporate structure

Canadian Helicopters completes conversion to corporate structure

4-Jan-2011Source: Canadian Helicopters

Canadian Helicopters Income Fund (CHL.UN) (the “Fund”) announced today the closing of the conversion of the Fund from an income trust to a dividend paying corporation by way of plan of arrangement (the “Arrangement”) as further described in the Fund’s management information circular dated May 13, 2010. The completion of the Arrangement resulted in the... Read more

Boustead Holdings buys majority stake in Malaysian operator MHS Aviation

Boustead Holdings buys majority stake in Malaysian operator MHS Aviation

4-Jan-2011

Boustead Holdings, founded in 1828, is one of Malaysia’s established and diversified conglomerates. Today Boustead has more than 100 subsidiaries and associate companies of which four companies are listed on the local stock market – Bursa Malaysia.... Read more

CHC announces FY2011 Q2 release and conference call schedule

CHC announces FY2011 Q2 release and conference call schedule

21-Dec-2010Source: CHC

CHC Helicopter today announced that it will release its financial results for its fiscal year 2011 second quarter ended October 31, 2010 by posting a quarterly report on the Investor Relations section of its website (www.chc.ca) after the market closes on Thursday, December 30, 2010. CHC will also host a conference call on Tuesday, January... Read more

Russian Helicopters buys 24% of Kazan Helicopter Plant

Russian Helicopters buys 24% of Kazan Helicopter Plant

15-Dec-2010Source: HeliHub.com

Helicopters of Russia, a subsidiary of OAO Oboronprom, became the owner of 24.66% shares of OAO Kazan Helicopter Plant (KHP).  This tactical move is actually to allow Oboronprom to reduce its shareholding 66.15% to 41.49%, according to Interfax. KHP manufactures helicopters Mi-8, Mi-17 light helicopters Ansat. The authorized capital of KHP is 154.6 million rubles... Read more

Canadian Helicopters confirms converstion to a corporation on 31st Dec

Canadian Helicopters confirms converstion to a corporation on 31st Dec

11-Dec-2010Source: Canadian Helicopters

MONTREAL, December 10, 2010 – Canadian Helicopters Income Fund (CHL.UN) (the “Fund”) confirmed today its intention to complete on December 31, 2010, the conversion of the Fund from an income trust to a dividend paying corporation (the “Arrangement”) as further described in the Fund’s management information circular dated May 13, 2010. The completion of the... Read more

Air Methods CEO sells 9,543 shares

Air Methods CEO sells 9,543 shares

6-Dec-2010Source: Gurufocus

Director, CEO of Air Methods Corp. Aaron D Todd sells 9,543 shares of AIRM on 09/09/2010 at an average price of $48.73 a share.... Read more

Bid approach for Vector Aerospace – strategic review implemented

Bid approach for Vector Aerospace – strategic review implemented

6-Dec-2010Source: Vector Aerospace

Vector Aerospace Corp (“Vector” or the “Corporation”) announced today that Vector’s Board of Directors has commenced a review of strategic alternatives with the objective of enhancing shareholder value. A special committee of Vector’s Board of Directors has been established to oversee such review and has retained Scotia Capital Inc. as its financial advisor. The alternatives... Read more

Kazan nine month results show turnover up 36%, profit 46%

Kazan nine month results show turnover up 36%, profit 46%

6-Dec-2010Source: HeliHub.com

Revenue at OAO Kazan Helicopter Plant (KHP) for the first nine months of 2010 totalled 13.7 billion rubles, some 35.7% up on a year earlier, according to a the company’s quarterly report. This has been driven entirely by higher sales volume. Net income doubled to 2.27 billion rubles, and gross profit increased by 46,4% –... Read more

Sikorsky invests in UAV solutions company Adaptive Flight

Sikorsky invests in UAV solutions company Adaptive Flight

30-Nov-2010Source: Sikorsky

STRATFORD, Conn., — Sikorsky Innovations, the technology development organization of Sikorsky Aircraft Corp., today announced it has made an equity investment in Adaptive Flight, Inc., a Georgia-based manufacturer of avionics system solutions for small and medium-sized unmanned aerial vehicles (UAVs). The investment, in part, will be directed toward developing technologies that allow piloted and unpiloted... Read more

Bristow announces redemption of its 6.125% Senior Notes due 2013

Bristow announces redemption of its 6.125% Senior Notes due 2013

23-Nov-2010Source: Bristow Group

Bristow Group Inc. (NYSE: BRS), a leading provider of helicopter services to the offshore energy industry, today announced that it had called its 6 1/8% Senior Notes due 2013 for redemption on December 23, 2010. The face value of the notes is $230 million, and the cost to redeem the notes is expected to be... Read more

Kaman announces pricing of $100M of convertible senior notes

Kaman announces pricing of $100M of convertible senior notes

16-Nov-2010Source: Kaman

Kaman Corporation (“Kaman”) announced today pricing of $100,000,000 aggregate principal amount of 3.25% convertible senior notes due 2017 (the “Convertible Notes”). The Convertible Notes were offered in a private placement solely to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). The $100,000,000 aggregate principal amount... Read more

Canadian Helicopters reports Q3 results to 30th September 2010

Canadian Helicopters reports Q3 results to 30th September 2010

16-Nov-2010Source: Canadian Helicopters

MONTREAL, November 15, 2010 – Canadian Helicopters Income Fund (TSX: CHL.UN) (“the Fund”), the largest helicopter transportation services company operating in Canada, today announced its financial and operating results for the third quarter ended September 30, 2010. The Fund generated revenue of $54.8 million, stable in comparison with revenue of $54.9 million in the third... Read more

Canadian Helicopters Income Fund declares monthly distribution

Canadian Helicopters Income Fund declares monthly distribution

15-Nov-2010Source: Canadian Helicopters

MONTREAL, November 12, 2010 – Canadian Helicopters Income Fund (the “Fund”) (TSX: CHL.UN) announced today its monthly distribution of $0.091875 per unit covering the period of November 1 to November 30, 2010, will be paid on December 15, 2010 to unitholders of record at the close of business November 30, 2010. Through Canadian Helicopters Limited,... Read more

Bristow shares hit new 52-week high

Bristow shares hit new 52-week high

13-Nov-2010Source: Benzinga

Bristow Group is currently trading at $43, approximately 15.2% above its 50-day moving average of $37.32. SmarTrend will be monitoring shares of BRS to see if this bullish momentum will continue.... Read more

Kaman to acquire engineering design specialists Global Aerosystems

Kaman to acquire engineering design specialists Global Aerosystems

12-Nov-2010Source: Kaman

Kaman Corporation (“Kaman”) (nasdaq-gs:KAMN) today announced that it has agreed to acquire Global Aerosystems, LLC (“Global”) of Everett, Washington, a provider of aerostructure engineering design analysis and FAA certification services to the aerospace industry. Greg Steiner, President of the Kaman Aerospace Group stated, “We are pleased to welcome the employees of Global Aerosystems to Kaman... Read more

Global Vectra Helicorp loss narrows in latest quarter

Global Vectra Helicorp loss narrows in latest quarter

9-Nov-2010Source: MyIris

During the quarter to 30th September 2010, the loss of the company declined to Rs 183.45 million compared with a loss of Rs 312.11 million in the same quarter last year.... Read more

Canadian Helicopters Income Fund to release Q3 results after market close Friday 12th

Canadian Helicopters Income Fund to release Q3 results after market close Friday 12th

8-Nov-2010Source: Canadian Helicopters

Canadian Helicopters Income Fund (the “Fund”) (TSX: CHL.UN) will release its third quarter results ending September 30, 2010, on Friday November 12, 2010, after market close. The Canadian Helicopters Income Fund conference call will take place Monday November 15, at 11:00 a.m. (ET) to review the financial results. To participate in this conference call, please... Read more

Bristow Group reports financial results for Q2 ended September 30, 2010

Bristow Group reports financial results for Q2 ended September 30, 2010

5-Nov-2010Source: Bristow Group

Bristow Group Inc. (NYSE: BRS) today reported net income for the three months ended September 30, 2010 of $38.9 million, or $1.06 per diluted share, compared to $33.2 million, or $0.92 per diluted share, in the September 2009 quarter. The quarter benefited from sequential improvement in the underlying operations and a significant reduction in the... Read more

Air Methods to report Q3 results after market close on 4th November

Air Methods to report Q3 results after market close on 4th November

28-Oct-2010Source: Air Methods

Air Methods Corporation (AIRM 41.35, -0.21, -0.51%) will report financial results for the third quarter ended September 30, 2010 after the close of the market on Thursday, November 4, 2010. The Company has scheduled a conference call for Thursday, November 4, 2010 at 4:15 p.m. Eastern to discuss these results. Interested parties can access the... Read more

Goldman Sachs to advise on sale of Helicopters NZ

Goldman Sachs to advise on sale of Helicopters NZ

22-Oct-2010Source: Brisbane Times

Goldman Sachs & Partners New Zealand Ltd will advise the receivers of South Canterbury Finance on the sale of 100 per cent of Helicopters New Zealand and a majority stake in Scales Corp.... Read more

Sikorsky to buy stake in Eclipse Aerospace

Sikorsky to buy stake in Eclipse Aerospace

20-Oct-2010Source: Sikorsky

Sikorsky Aircraft Corp. and Eclipse Aerospace, Inc. announced today an agreement in principle for Sikorsky to make an investment in Eclipse Aerospace Inc. Located in Albuquerque, New Mexico, Eclipse Aerospace provides engineering, service, and support for the fleet of 260 Eclipse 500 twin-engine jets. Sikorsky Aircraft, manufacturer of the BLACK HAWK helicopter and other iconic... Read more

Eurocopter CEO Lutz Bertling warns that 2011 will not be easy

Eurocopter CEO Lutz Bertling warns that 2011 will not be easy

17-Oct-2010Source: Aviation Business

Addressing Australian media in Marseilles this week, Eurocopter CEO Lutz Bertling declared that 2011 will not be an easy year for the rotor industry in general.... Read more

Bristow announces FY2011 Q2 Release and Conference Call Schedule

Bristow announces FY2011 Q2 Release and Conference Call Schedule

15-Oct-2010Source: Bristow Group

Bristow Group Inc. (NYSE: BRS), a leading provider of helicopter services to the offshore energy industry, announced today it will release financial results for its fiscal year 2011 second quarter ended September 30, 2010, after the market closes on Thursday, November 4. In conjunction with the release, Bristow has scheduled a conference call, which will... Read more

Canadian Helicopters Income Fund declares monthly distribution

Canadian Helicopters Income Fund declares monthly distribution

14-Oct-2010Source: Canadian Helicopters

Canadian Helicopters Income Fund (the “Fund”) (TSX: CHL.UN) announced today its monthly distribution of $0.091875 per unit covering the period of October 1 to October 31, 2010, will be paid on November 15, 2010 to unitholders of record at the close of business October 29, 2010. Through Canadian Helicopters Limited, Canadian Helicopters Income Fund is... Read more

Private equity investor buys Keystone Med-Flight

Private equity investor buys Keystone Med-Flight

13-Oct-2010Source: Hawke Capital Partners

The rotorcraft-focused private equity investor Hawke Capital Partners announced today that it reached agreement to acquire substantially all of the assets of Keystone Med-Flight Services, LLC, based in Morgantown, Pennsylvania. All maintenance for Keystone’s air medical customers will be provided by sister subsidiary Uniflight, in one of its 3 MRO facilities: Grand Prairie, Texas; Reading,... Read more

VT Group acquires Evergreen Unmanned Systems

VT Group acquires Evergreen Unmanned Systems

30-Sep-2010Source: VT Group

VT Group today announced that it has acquired the Evergreen Unmanned Systems business unit, part of Evergreen International Aviation Inc. Evergreen Unmanned Systems is a leading provider of support for Unmanned Aircraft Systems (UAS). The firm has a proven performance record for both the ScanEagle and Maveric platforms, with more than 10,000 hours of flight... Read more

Bristow share price slides after downgrade by Goldmans

Bristow share price slides after downgrade by Goldmans

29-Sep-2010Source: Smartrend

One week ago, Bristow Groupwas downgraded to Neutral from Buy, $39 target, at Goldman Sachs. The stock closed yesterday at $35.95 which is 1.37% lower than the price one-week ago of $36.45.... Read more

CHC issues $1.1 Billion in secured notes

CHC issues $1.1 Billion in secured notes

23-Sep-2010Source: CHC

CHC Helicopter SA on Wednesday sold $1.1 billion of first lien senior secured notes in the 144a private placement market, said a market source. Morgan Stanley, HSBC, RBC Capital Markets, and UBS were the joint bookrunning managers for the sale. BORROWER: CHC HELICOPTER SA AMT $1.1 BLN      COUPON 9.250 PCT    MATURITY 10/15/2020 TYPE 1ST LIEN NTS... Read more

Air Methods COO sells 2,000 shares

Air Methods COO sells 2,000 shares

18-Sep-2010Source: GuruFocus

COO of Air Methods Corp Paul H Tate sells 2,000 shares of AIRM on 09/14/2010 at an average price of $40.26 a share.... Read more

Canadian Helicopters Income Fund declares monthly distribution

Canadian Helicopters Income Fund declares monthly distribution

16-Sep-2010Source: Canadian Helicopters

MONTREAL, September 14, 2010 – Canadian Helicopters Income Fund (the “Fund”) (TSX: CHL.UN) announced today its monthly distribution of $0.091875 per unit covering the period of September 1 to September 30, 2010, will be paid on October 15, 2010 to unitholders of record at the close of business September 30, 2010. Through Canadian Helicopters Limited,... Read more

Air Methods CEO sells 15,500 shares

Air Methods CEO sells 15,500 shares

12-Sep-2010Source: GuruFocus

Director, CEO of Air Methods Corp. Aaron D Todd sells 15,500 shares of AIRM on 09/09/2010 at an average price of $41.05 a share.... Read more

Sale of HTM Helicopter Travel Munich called off

Sale of HTM Helicopter Travel Munich called off

10-Sep-2010Source: EBAN

Plans by Gerd Brandecker, founder and owner of Cirrus Airlines and Aviation Investment Gmbh, and his business partner Axel-Georg Andre, to acquire a majority share stake in HTM Helicopter Travel Munich GmbH have failed to materialise.... Read more

PHI announces tender offer and consent solicitation for senior notes

PHI announces tender offer and consent solicitation for senior notes

10-Sep-2010Source: PHi

-PHI, Inc. (The Nasdaq Global Market: PHII (voting) and PHIIK (non voting)) today announced that it is commencing a cash tender offer (the “Offer”) for all of its outstanding $200,000,000 aggregate principal amount of 7.125% Senior Notes due 2013 (the “Notes”) on the terms and subject to the conditions set forth in PHI’s Offer to... Read more

Sikorsky helps Aero Vodochody reach profit again

Sikorsky helps Aero Vodochody reach profit again

8-Sep-2010Source: Aero Vodochody

AERO Vodochody a.s. reached a profit in the amount of CZK 279 million in 2009. Aero is thus reaching a profit this being since successful completion of restructuring in 2007, when the company was acquired by the Penta group. The revenues of Aero reached CZK 2.9 billion in 2009. The profit of Aero in 2009... Read more

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