Financials

PHI Announces $500 Million Private Offering of Senior Notes

PHI Announces $500 Million Private Offering of Senior Notes

6-Mar-2014Source: PHi

PHI, Inc. (“PHI”) (The Nasdaq Global Market: PHII (voting) and PHIIK (non-voting)) announced today that it intends, subject to market and other conditions, to offer up to $500 million aggregate principal amount of fixed-rate senior notes with a five-year maturity through a private offering exempt from registration under the Securities Act of 1933, as amended (the... Read more

AeroVironment becomes shareholder in CybAero

AeroVironment becomes shareholder in CybAero

4-Mar-2014Source: CybAero

CybAero, which develops and markets unmanned helicopters, has a new partner. It is the American partner AeroVironment, AV, who has converted one of its two loans.  AeroVironment will thus acquire in CybAero of 8.5 percent, making them the largest shareholder in the company. The loan of 10 million, now converted into 1,062,699 shares were issued by... Read more

PHI announces Tender Offer and Consent Solicitation for Senior Notes

PHI announces Tender Offer and Consent Solicitation for Senior Notes

4-Mar-2014Source: 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 any and all of its $300,000,000 aggregate principal amount of 8.625% Senior Notes due 2018 (the “Notes”) on the terms and subject to the conditions set forth in PHI’s Offer to... Read more

Kaman appoints Vice President for Tax

Kaman appoints Vice President for Tax

3-Mar-2014Source: Kaman

Kaman Corporation (NYSE:KAMN) today announced that Michael J. Lyon has been appointed to the position of Vice President – Tax, reporting to Robert Starr, Senior Vice President and Chief Financial Officer. Lyon succeeds John Lockwood in the position and joins Kaman from Gerber Scientific, a manufacturer and worldwide distributor of integrated automation equipment and software,... Read more

PHI announces results for the Year Ended December 31, 2013

PHI announces results for the Year Ended December 31, 2013

2-Mar-2014Source: PHI

PHI, Inc. (“PHI”) (The Nasdaq Global Market: PHII (voting) PHIIK (non-voting)) today reported financial results for the year ended December 31, 2013. Consolidated operating revenues for the year ended December 31, 2013 were $856.5 million, an increase of $209.8 million over the year ended December 31, 2012. Oil and Gas segment revenues were $489.0 million... Read more

Air Methods Reports Year 2013 Results and 1Q2014 Update

Air Methods Reports Year 2013 Results and 1Q2014 Update

2-Mar-2014Source: Air Methods

Air Methods Corporation AIRM +4.19% , the global leader in air medical transportation, reported financial results for the year and fourth quarter ended December 31, 2013. For the year, revenue increased 4% to $881.6 million compared to $850.8 million in the prior year. Net income decreased 33% to $62.3 million, or $1.54 per diluted share, in the current... Read more

Canada – Summit Helicopters acquires CC Helicopters

Canada – Summit Helicopters acquires CC Helicopters

25-Feb-2014Source: Ledcor Group

The Ledcor Group of Companies, its subsidiary Summit Helicopters, and CC Helicopters announced today that they have concluded a definitive agreement for Ledcor to acquire CC Helicopters, subject to regulatory approval. “Ledcor has been seeking to expand the capability and capacity of Summit Helicopters, and add new operational bases,” said Paul McElligott, President of Ledcor Resources... Read more

Euroavionics GmbH Acquires LCX Systems

Euroavionics GmbH Acquires LCX Systems

25-Feb-2014Source: Euroavionics

EuroAvionics GmbH is pleased to announce that it has acquired LCX Systems LLC of Sarasota, FL. Established as the OEM supplier of choice for Situational Awareness and Mission Management systems, EuroAvionics GmbH designs, produces and markets certified avionics systems and ground tools that interface with a wide range of third-­-party avionics and sensors. The EuroNav... Read more

Avincis owners target £2 billion flotation

Avincis owners target £2 billion flotation

25-Feb-2014Source: Reuters

Avincis Group’s co-owner KKR and Italy’s Investindustrial are reportedly studying an IPO as a route to exiting their investment in the company after JV talks with engineering services group Babcock stalled   See full story... Read more

CHC sets March 12 for FY14Q3 Earnings Release, Analysts Call

CHC sets March 12 for FY14Q3 Earnings Release, Analysts Call

24-Feb-2014Source: CHC

-CHC Group (NYSE:HELI), the parent company of CHC Helicopter, plans to issue its earnings release for the fiscal-year 2014 third quarter, which ended Jan. 31, after market close on Wednesday, March 12. That same day the company will hold a call for analysts at 5 p.m. (Eastern Time). The call also will be audio webcast... Read more

Air Methods to Report FY2013 and Q4 results on February 27th

Air Methods to Report FY2013 and Q4 results on February 27th

22-Feb-2014Source: Air Methods

Air Methods Corporation (Nasdaq:AIRM) will report financial results for the fourth quarter ended December 31, 2013 after the close of the market on Thursday, February 27, 2014. The Company has scheduled a conference call for Thursday, February 27, 2014 at 4:15 p.m. Eastern to discuss these results. Interested parties can access the call by dialing... Read more

Kaman Board of Directors Declares Dividend

Kaman Board of Directors Declares Dividend

21-Feb-2014Source: Kaman

The Kaman Corporation (NYSE:KAMN) board of directors today declared a regular quarterly dividend of 16 cents per common share. The dividend will be paid on April 3, 2014 to shareholders of record on March 18, 2014. About Kaman Corporation Kaman Corporation, founded in 1945 by aviation pioneer Charles H. Kaman, and headquartered in Bloomfield, Connecticut conducts business... Read more

Advanced Helicopter Services acquires Cascade Airframe Repair

Advanced Helicopter Services acquires Cascade Airframe Repair

19-Feb-2014Source: AHS

Advanced Helicopter Services has announced the recent acquisition of Cascade Airframe Repair, a longtime helicopter repair services company, based at Boeing Field in Seattle, Washington.  The company will remain at Boeing Field and will continue to offer comprehensive helicopter repair and maintenance services.  Cascade has become known for providing exemplary customer service and support to... Read more

Airbus buys a bank – to provide more Group aviation financing options

Airbus buys a bank – to provide more Group aviation financing options

14-Feb-2014Source: Airbus

Airbus Group (stock exchange symbol: AIR) has entered into a Share Purchase Agreement with Raiffeisenverband Salzburg to acquire Salzburg München Bank AG, in order to provide additional financing options for the aeronautics and defence company. Salzburg München Bank, owned 100% by Raiffeisenverband Salzburg, is a small fully-licensed bank based in Munich serving small and medium... Read more

DLA Piper advises Bristow Helicopters on acquisition of Eastern Airways stake

DLA Piper advises Bristow Helicopters on acquisition of Eastern Airways stake

11-Feb-2014Source: DLA Piper

DLA Piper has advised Bristow Helicopters Limited (Bristow Helicopters) on its acquisition of a 60% interest in the privately owned Eastern Airways International Limited. Eastern Airways will continue to operate as normal and under its own brand, led by the current management team. Bristow is the leading provider of helicopter services to the worldwide offshore... Read more

Kaman announces release date for Q4 and Full Year 2013 Earnings

Kaman announces release date for Q4 and Full Year 2013 Earnings

9-Feb-2014Source: Kaman

Kaman Corp. (NYSE:KAMN) announced today that it will report its fourth quarter and full year 2013 results after the stock market closes on Thursday, February 27, 2014, and host a live webcast and conference call at 8:00am ET on Friday, February 28, 2014. The call will be accessible by telephone within the U.S. at (877)... Read more

Bristow Helicopters Invests in Eastern Airways

Bristow Helicopters Invests in Eastern Airways

7-Feb-2014Source: Bristow

Bristow Helicopters Ltd has made a strategic investment acquiring a 60 percent interest in Eastern Airways International Ltd. Eastern Airways will continue to operate as normal, independently from Bristow, and under its own brand led by the current management team. This formalised agreement builds on a strong relationship between Bristow and Eastern Airways that dates... Read more

Bristow Group announces results for FY14 Q3 ended 31st December 2013

Bristow Group announces results for FY14 Q3 ended 31st December 2013

7-Feb-2014Source: Bristow Group

Bristow Group Inc. (NYSE: BRS) today reported net income for the December 2013 quarter of $18.9 million, or $0.51 per diluted share, compared to net income of $36.4 million, or $1.00 per diluted share, in the same period a year ago. Adjusted net income, which excludes special items and asset disposition effects, decreased 27% to $31.3 million, or $0.85 per diluted share, for the December 2013 quarter, compared to $42.6... Read more

Bristow Group Announces Quarterly Dividend

Bristow Group Announces Quarterly Dividend

7-Feb-2014Source: Bristow Group

Bristow Group Inc. (NYSE: BRS), the leading provider of helicopter services to the offshore energy industry, announced today that its Board of Directors approved a quarterly dividend of$0.25 per share of common stock issued and outstanding at the close of business on February 28, 2014 (the “Record Date”). The dividend will be payable on March 14, 2014 to stockholders of record... Read more

Rumours of Sikorsky sell-off exaggerated – for now…

Rumours of Sikorsky sell-off exaggerated – for now…

29-Jan-2014Source: Forbes

The aerospace sector has been awash in rumours over the last week that United Technologies would sell or spin off its Sikorsky helicopter unit  See full story... Read more

Air Methods provides update on FY2013 Q4 results

Air Methods provides update on FY2013 Q4 results

29-Jan-2014Source: Air Methods

Air Methods Corporation (Nasdaq:AIRM), the global leader in air medical transportation, provided an update on fourth quarter results and January 2014 flight volumes. Total community-based patient transports for the fourth quarter 2013 are estimated to be 12,881, a 3% decrease from the prior-year quarter. Patients transported for community bases in operation greater than one year... Read more

Sikorsky 2013 turnover 8% down, profit 17% down

Sikorsky 2013 turnover 8% down, profit 17% down

27-Jan-2014Source: HeliHub.com

Last week Sikorsky’s parent company United Technologies issued their unaudited results for the year to 31 December 2013. As part of this, they included Sikorsky’s turnover figures down from $6.271 Billion to $6.253 Billion, a drop of 8%. The helicopter manufacturer’s profit was hit harder, dropping 17% from $712 Million to $594 Million. UTC also... Read more

CHC announces IPO pricing

CHC announces IPO pricing

17-Jan-2014Source: CHC

CHC Group Ltd., the parent company of CHC Helicopter S.A., today announced the pricing of its initial public offering of 31,000,000 of its ordinary shares, at a price to the public of $10 per share. The securities are scheduled to begin trading tomorrow (Friday) on the New York Stock Exchange under the symbol “HELI.” CHC... Read more

KKR invests over $100M in Lease Corp International’s helicopter business

KKR invests over $100M in Lease Corp International’s helicopter business

17-Jan-2014Source: LCI

Lease Corporation International (“LCI”), a Libra Group company, and KKR Financial Holdings LLC (NYSE: KFN) (“KFN”), a specialty finance company managed by a subsidiary of KKR & Co. L.P. (NYSE: KKR), today announced that they have entered into a definitive agreement under which KFN has agreed to invest in excess of $100 million in LCI... Read more

Bristow Group Announces FY14 Q3 Earnings Release and Conference Call

Bristow Group Announces FY14 Q3 Earnings Release and Conference Call

12-Jan-2014Source: Bristow Group

Bristow Group Inc. (NYSE: BRS), the leading provider of helicopter services to the worldwide offshore energy industry, announced today it will release financial results for its fiscal year 2014 third quarter ended December 31, 2013, after the market closes on Thursday, February 6. In conjunction with the release, Bristow has scheduled a conference call, which... Read more

Pawan Hans pays first dividend for five years

Pawan Hans pays first dividend for five years

10-Jan-2014Source: Pawan Hans

Pawan Hans pays dividend after a gap of 4 years. Cheque of dividend of Rs.1,19,32,164/- for the financial year 2012-13 was presented to the Hon’ble Minister of Civil Aviation Shri Ajit Singh by Shri Anil Srivastava, Chairman & Managing Director,Pawan Hans in the presence of Shri Ashok Lavasa, Secretary, Civil Aviation Sh. Alok Sinha JS,Sh.... Read more

CHC Group kicks off IPO with share price estimate

CHC Group kicks off IPO with share price estimate

7-Jan-2014Source: CHC

CHC Group Ltd., the parent company of CHC Helicopter S.A., today announced that it has commenced an initial public offering of 29,412,000 of its ordinary shares, all of which will be offered by the company. The IPO price is currently expected to be between $16 and $18 per share. To the extent that the underwriters... Read more

Russian Helicopters showed growth in 2013

Russian Helicopters showed growth in 2013

2-Jan-2014Source: Russian Helicopters

In 2013, Russian Helicopters, a subsidiary of Oboronprom, part of State Corporation Rostec, produced 303 helicopters for Russian and international customers, with an anticipated consolidated profit in excess of 140 billion roubles*. Preliminary results were voiced at the Russian Helicopters board meeting which reviewed performance in the helicopter sector over the past year and outlined... Read more

Bell parent Textron adds Beechcraft to aviation portfolio

Bell parent Textron adds Beechcraft to aviation portfolio

2-Jan-2014Source: Beechcraft

Beechcraft Corporation announced today that Textron Inc. (NYSE: TXT) has agreed to acquire Beech Holdings, LLC, the parent of Beechcraft Corporation, for approximately $1.4 billion in cash. Bill Boisture, CEO of Beechcraft, said: “This transaction represents an important step forward in the evolution of Beechcraft’s business. The team at Beechcraft has worked tirelessly to strengthen our core business... Read more

Rockwell Collins completes acquisition of ARINC

Rockwell Collins completes acquisition of ARINC

1-Jan-2014Source: Rockwell Collins

Rockwell Collins, Inc. (NYSE: COL) today announced it has successfully completed the acquisition of ARINC Incorporated from The Carlyle Group for $1.4 billion. “With this move we take a major leap forward to realizing our vision of providing a richer set of seamless information management solutions that encompass the aircraft and ground-based systems,” said Kelly... Read more

Element Financial closes acquisition of $243M of helicopter assets from GE Capital

Element Financial closes acquisition of $243M of helicopter assets from GE Capital

19-Dec-2013Source: Element Financial

Element Financial Corporation (TSX:EFN) (“Element” or the “Company”), one ofNorth America’s leading equipment finance companies, today announced that it has closed its previously announced acquisitions comprised of approximately US$348 million worth of helicopter and railcar finance assets from GE Capital and Trinity Industries, Inc. respectively. Further to the December 9th announcement that Element had entered into a strategic alliance agreement... Read more

Bell parent Textron to release Q4 results on January 22, 2014

Bell parent Textron to release Q4 results on January 22, 2014

19-Dec-2013Source: Textron

Textron Inc. (NYSE: TXT) will release its fourth quarter 2013 financial results on Wednesday, January 22, 2014. The company will also host a conference call at 8:00 a.m. (Eastern) to discuss the results and the company’s outlook. The call will be available via webcast at www.textron.com or by direct dial at (800) 230-1092 in the U.S. or... Read more

Air Methods Closes Acquisition of Blue Hawaiian Helicopters

Air Methods Closes Acquisition of Blue Hawaiian Helicopters

16-Dec-2013Source: Air Methods

Air Methods Corporation (Nasdaq:AIRM), the global leader in air medical transportation, announced today that it has successfully completed its acquisition of Blue Hawaiian Helicopters and its affiliates (“Blue Hawaiian”), a helicopter tour operator based in Hawaii. Founded in 1985, Blue Hawaiian is one of the world’s largest aerial tour operators and is the premier helicopter... Read more

AAR to announce FY 2014 Q2 results on December 19th

AAR to announce FY 2014 Q2 results on December 19th

16-Dec-2013Source: AAR

AAR announced that it will release financial results for its second quarter of Fiscal Year 2014, ended November 30, 2013, after the market closes on Thursday, December 19, 2013. On Thursday, December 19, 2013, at 3:45 p.m. CST, AAR will hold a conference call to discuss the results. The conference call can be accessed by calling 866-802-4322 from inside the... Read more

CHC reports FY2014 Q2 results

CHC reports FY2014 Q2 results

16-Dec-2013Source: CHC

CHC Helicopter‘s revenue and earnings were both down year-over-year, partly as a result of limited availability of EC225 aircraft, along with costs to return those helicopters to flying operations. The company reported revenue for the quarter of $443 million, down 1 percent from the same period in fiscal 2013.  A net loss of $49 million... Read more

Erickson to present at the Imperial Capital 2013 Security Investor Conference

Erickson to present at the Imperial Capital 2013 Security Investor Conference

10-Dec-2013Source: Erickson Air-Crane

Erickson Air-Crane, Inc. (NASDAQ:EAC), a leading global provider of aviation services to a diverse mix of commercial and government customers, and the vertically-integrated manufacturer and operator of the powerful heavy-lift Erickson S-64 Aircrane helicopter, the Erickson S-64 Aircrane, announced today that management will be presenting at the Imperial Capital 2013 Security Investor Conference at the... Read more

GE Capital finances acquisition of Universal Helicopters

GE Capital finances acquisition of Universal Helicopters

9-Dec-2013Source: GE Capital

GE Capital today announced that it is providing a $10 million senior credit facility to a group of investors to purchase and operate Universal Helicopters Newfoundland and Labrador (“UHNL”), a regional helicopter services company. The new owners, through a limited partnership formed by Nunatsiavut Group of Companies, Tasiujatsoak Trust and CAPE Fund LP, are acquiring UNHL from its majority... Read more

Avincis Group releases results overview for 2013 Q3

Avincis Group releases results overview for 2013 Q3

29-Nov-2013Source: Avincis Group

Avincis Mission Critical Services Group S.A.U (“Avincis”) (previously Prioris Aviation Spain S.A.U) today reported strong results for the third quarter of 2013, including improved margins, a growing order book and continuing efficiency gains.    [Editor note – This really is “selected highlights only”. We requested the full numbers, but Avincis declined to provide them] Financial Highlights  ... Read more

CHC to release FY14Q2 results on Dec 11th, plus investor call day after

CHC to release FY14Q2 results on Dec 11th, plus investor call day after

28-Nov-2013Source: CHC

CHC Helicopter expects to release its fiscal-year 2014 second-quarter financial results, for the period ended Oct. 31, after market close on Wednesday, Dec. 11. CHC senior leaders will discuss the company’s strategy and operating performance during a conference call and webcast on Thursday, Dec. 12, at 5:00 p.m. Eastern Time. Investors, members of the news... Read more

Oboronprom plans $122M investment in Mil helicopter plant

Oboronprom plans $122M investment in Mil helicopter plant

26-Nov-2013Source: HeliHub.com

The Mil Helicopter Plant in Moscow is planning a significant expansion, although the numbers supplied by Rostec do not compute…. The announcment on Friday stated that Oboronprom may buy 8 million shares at a price of 504 roubles per share, equating to 4,032,000,000 roubles in total – this is $122.2M at today’s exchange rate. The... Read more

Avincis Group confirms Joint Venture talks with Babcock International

Avincis Group confirms Joint Venture talks with Babcock International

25-Nov-2013Source: Avincis & Babcock

HeliHub.com editor note – Below we reproduce the statements from Avincis and Babcock following the original article in the Sunday Times which HeliHub.com ran yesterday.  There is  a clear difference in these statements to the general media approach.  Both statements refer to “Joint Venture” while the press are saying Babcock is seeking to buy Avincis for... Read more

Babcock looks to take over Avincis in £1.5 Billion deal

Babcock looks to take over Avincis in £1.5 Billion deal

24-Nov-2013Source: Sunday Times

Engineering company Babcock International – who run Devonport and Rosyth military dockyards in the UK – is in advanced talks on a blockbuster £1.5bn takeover of Avincis Group.  See story ... Read more

New Zealand – Airwork confirms IPO seeking $40M

New Zealand – Airwork confirms IPO seeking $40M

21-Nov-2013Source: Airwork

Specialist aviation solutions provider Airwork Holdings Limited (Airwork) has registered a prospectus to raise up to $40 million and to seek a listing on the NZX Main Board. The Offer will comprise a maximum 15,384,616 new shares at $2.60 per share to New Zealand resident clients of brokers and to Institutional Investors. There will be... Read more

Sikorsky CFO quits

Sikorsky CFO quits

19-Nov-2013Source: CIRCOR

CIRCOR International, Inc. (NYSE: CIR), a leading provider of valves and other highly engineered products for markets including oil & gas, power generation and aerospace, today announced that Rajeev Bhalla will join the Company as Executive Vice President and Chief Financial Officer on December 2, 2013. Mr. Bhalla currently is the Vice President and Chief... Read more

New Zealand – Airwork tipped for stock market listing

New Zealand – Airwork tipped for stock market listing

19-Nov-2013Source: HeliHub.com

Auckland aviation business Airwork is being tipped to announce plans to list on the share market on Wednesday 20th November.  See full story From its website, Airwork describes itself thus:- Airwork began its operations out of Wellington in 1936 and over the past 76 years the company has adapted to meet this constantly evolving aviation... Read more

Air Methods to Acquire Blue Hawaiian Helicopters

Air Methods to Acquire Blue Hawaiian Helicopters

18-Nov-2013Source: Air Methods

Air Methods Corporation (Nasdaq: AIRM), the global leader in air medical transportation, announced today that it has entered into a definitive agreement to acquire Blue Hawaiian Helicopters and its affiliates (“Blue Hawaiian”), a helicopter tour operator based in Hawaii.  Founded in 1985, Blue Hawaiian is one of the world’s largest aerial tour operators and is... Read more

Bristow to hold Investor Day for updates on Brazilian market and Lider Aviacao

Bristow to hold Investor Day for updates on Brazilian market and Lider Aviacao

18-Nov-2013Source: Bristow Group

Bristow Group Inc. (NYSE: BRS), the leading provider of helicopter services to the offshore energy industry, will host an Investor Day in New York City on Thursday, November 21, beginning at 8:30 a.m. and concluding at approximately 1:30 p.m. The company plans to highlight its partner Lider’s operations in Brazil and the country’s aviation growth... Read more

Kaman Board of Directors Declares Dividend

Kaman Board of Directors Declares Dividend

14-Nov-2013Source: Kaman

The Kaman Corporation board of directors today declared a regular quarterly dividend of 16 cents per common share. The dividend will be paid on January 7, 2014 to shareholders of record on December 24, 2013. The payment, when made, will mark forty-four consecutive years of dividend payments by Kaman. About Kaman Corporation Kaman Corporation, founded... Read more

Global Vectra concludes abandoned Annual General Meeting

Global Vectra concludes abandoned Annual General Meeting

13-Nov-2013Source: HeliHub.com

After the first run of their AGM, Global Vectra Helicorp managed to complete the formal meeting on Tuesday 12th November according to a filing made with the Bombay Stock Exchange (BSE) made by company secretary Raakesh Soni. Previously, the company had made a short but telling update on the BSE website, with the understated title... Read more

PHi announces 2013 Q3 results to 30th September 2013

PHi announces 2013 Q3 results to 30th September 2013

12-Nov-2013Source: PHi

-PHI, Inc. (The Nasdaq Global Market: PHII (voting) PHIIK (non-voting)) today reported financial results for the quarter ended September 30, 2013. Operating revenues for the three months ended September 30, 2013 were $200.8 million, compared to $170.9 million for the three months ended September 30, 2012, an increase of $29.9 million. Consolidated net income for... Read more

HNZ Group declares monthly dividends

HNZ Group declares monthly dividends

12-Nov-2013Source: HNZ Group

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 14, 2014, March 14, 2014 and April15, 2014 to holders of record at the close of business January 31, 2014, February 28, 2014... Read more

Wood Buffalo Helicopters and Summit Helicopters announce merger

Wood Buffalo Helicopters and Summit Helicopters announce merger

11-Nov-2013Source: Ledcor Group

The Ledcor Group of Companies and Wood Buffalo Helicopters announced today that they have concluded an agreement in principle to merge their helicopter businesses and assets in Fort McMurray, Yellowknife and Terrace into a single operating entity, subject to regulatory approval. “We look forward to combining the talented and experienced teams of employees within Summit Helicopters and Wood Buffalo Helicopters... Read more

Cost of closing Bristow Alaska operations is $4 Million

Cost of closing Bristow Alaska operations is $4 Million

8-Nov-2013Source: HeliHub.com

In an extract from Bristow Group’s second quarter results (period to 30th September 2013), they state A charge of $0.5 million in costs associated with the planned closure of our Alaska operations which related primarily to employee severance and retention costs. We expect to incur approximately $3.5 million in additional costs related mostly to severance... Read more

Air Methods Reports 3Q2013 Results And 4Q2013 Update

Air Methods Reports 3Q2013 Results And 4Q2013 Update

8-Nov-2013Source: Air Methods

Air Methods Corporation (Nasdaq: AIRM) reported results for the quarter ended September 30, 2013. Revenue increased 14% to $252.4 million from $221.3 million in the year-ago quarter.  For the nine-month period, revenue increased 4% to $657.8 million, up from $634.6 million in the prior-year nine-month period.  For the quarter, net income increased 28% to $35.6... Read more

Bristow reports financials for FY2014 Q2 to 30th September 2013

Bristow reports financials for FY2014 Q2 to 30th September 2013

8-Nov-2013Source: Bristow Group

Bristow Group Inc. (NYSE: BRS) today reported net income for the September 2013 quarter of $110.6 million, or $3.01 per diluted share, compared to net income of $29.7 million, or $0.82 per diluted share, in the same period a year ago. The results for both the quarter and six-month period include a significant gain on the sale of the FB Entities, an unconsolidated U.K. affiliate, of $103.9... Read more

Erickson Air-Crane announces FY2013 Q3 Results to 30th September 2013

Erickson Air-Crane announces FY2013 Q3 Results to 30th September 2013

8-Nov-2013Source: Erickson Air-Crane

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

Bristow Group Announces Quarterly Dividend

Bristow Group Announces Quarterly Dividend

7-Nov-2013Source: Bristow Group

Bristow Group Inc. (NYSE: BRS), the leading provider of helicopter services to the offshore energy industry, announced today that its Board of Directors approved a quarterly dividend of $0.25 per share of common stock issued and outstanding at the close of business on November 29, 2013 (the “Record Date”). The dividend will be payable on December 13, 2013 to stockholders of record... Read more

Avia Solutions buys helicopter maintenance org Helisota

Avia Solutions buys helicopter maintenance org Helisota

6-Nov-2013Source: Avia Solutions Group

Avia Solutions Group, a WSE listed global provider of one-stop-shop aviation business solutions, has announced about the recent acquisition of the controlling interest in the Lithuania-based helicopter maintenance organization Helisota. In the course of several takeover stages Avia Solutions Group will gain 96.2% of the company’s shares, some of them through acquiring directly from the... Read more

Era Group Inc. Announces Q3 2013 Earnings Release Call

Era Group Inc. Announces Q3 2013 Earnings Release Call

5-Nov-2013Source: Era Group

Era Group Inc , a leading helicopter transport operator based in the United States, today announced it will release financial results for its fiscal year 2013 third quarter after the market closes on Tuesday, November 12, 2013. In connection with the release, Era has scheduled a conference call for Wednesday, November 13, 2013, to begin at... Read more

Erickson Air-Crane announces date for FY2013 Q3 results

Erickson Air-Crane announces date for FY2013 Q3 results

31-Oct-2013Source: Erickson Air-Crane

Erickson Air-Crane Incorporated(NASDAQ:EAC), a leading global provider of aviation services to a diverse mix of commercial and government customers and the vertical manufacturer and operator of the powerful, heavy-lift helicopter, the Erickson S-64 Aircrane, today announced that it will release its earnings results for the third quarter of fiscal year 2013 ended September 30, 2013 on Thursday, November... Read more

Air Methods to report 3Q results 7th November

Air Methods to report 3Q results 7th November

31-Oct-2013Source: Air Methods

Air Methods Corporation (Nasdaq: AIRM) will report financial results for the third quarter ended September 30, 2013 after the close of the market on Thursday, November 7, 2013.  The Company has scheduled a conference call for Thursday, November 7, 2013 at 4:15 p.m. Eastern to discuss these results. Interested parties can access the call by... Read more

Global Vectra plans on reconvening AGM

Global Vectra plans on reconvening AGM

30-Oct-2013Source: HeliHub.com

Following the farcical abandonment of the first version of their Annual General Meeting on 26th September (see HeliHub.com article), Global Vectra today issued the following statement to the Bombay Stock Exchange: Global Vectra Helicorp Ltd has informed BSE that the Board of Directors of the Company at its meeting held on October 11, 2013, has... Read more

Heli USA Airways files for Chapter 11 Bankruptcy

Heli USA Airways files for Chapter 11 Bankruptcy

30-Oct-2013Source: Las Vegas Review Journal

AgustaWestland Philadelphia Corp., which leased the three Agusta helicopters to Heli USA, said that the tour company defaulted a year ago on the $32,000-a-month payments. Further, a company representative said Heli USA was not maintaining the helicopters correctly.  See full story... Read more

Kaman reports 2013 Q3 results

Kaman reports 2013 Q3 results

29-Oct-2013

The Aerospace division report was as follows:- Sales were $150.7 million, a decrease of $0.6 million from sales of $151.3 million in the third quarter of 2012. Sales increased $26.3 million related to higher shipments of our JPF to foreign customers and the recognition of revenue under the SH-2G(I) contract with New Zealand. These increases... Read more

Sikorsky turnover 6.5% down in 2013 third quarter

Sikorsky turnover 6.5% down in 2013 third quarter

22-Oct-2013Source: HeliHub.com

Sikorsky parent company United Technologies has released their Third Quarter numbers.  It shows Sikorsky turnover down 6.5% from $1.645B to $1.541B and profits down 21.7% from £203M to $159M. The full UTC unaudited financial statements for the quarter to 30th September 2013, and year to date, can be found here Ben Haverdee – HeliHub.com... Read more

Avincis Group sells INAER UK to management buy-out

Avincis Group sells INAER UK to management buy-out

15-Oct-2013Source: HeliHub.com

INAER, part of the Avincis Group, has sold its UK helicopter maintenance and component overhaul business to a management buy-out.  Led by Managing Director Marc-Anton Corominas, the business will continue in its current form under the name Heliwork Services Ltd in the same premises at Thruxton Airport.  The Heliwork name brings the operation round in a... Read more

Bristow Group announces FY2014 Q2 earnings release and concall schedule

Bristow Group announces FY2014 Q2 earnings release and concall schedule

14-Oct-2013Source: Bristow Group

Bristow Group Inc. (NYSE: BRS), the leading provider of helicopter services to the worldwide offshore energy industry, announced today it will release financial results for its fiscal year 2014 second quarter ended September 30, 2013, after the market closes on Thursday, November 7.  In conjunction with the release, Bristow has scheduled a conference call, which will... Read more

KKR Invests in Weststar Aviation Services

KKR Invests in Weststar Aviation Services

11-Oct-2013Source: KKR

Weststar Aviation Services Sdn Bhd (“Weststar” or the “Company”) today announced that KKR, a leading global investment firm with more than US$83.5 billion in assets under management, has invested approximately RM642 million (US$200 million) for a substantial minority equity stake in the Company. This will be KKR’s first investment in Malaysia. Additional terms of the... Read more

AAR Announces Cash Dividend

AAR Announces Cash Dividend

10-Oct-2013Source: AAR

 AAR CORP. (NYSE: AIR) announced that its Board of Directors at its regularly scheduled meeting declared a quarterly cash dividend of $0.075 per share to its stockholders.  The dividend will be paid on or before November 4, 2013, to stockholders of record as of the close of business on October 22, 2013.  Future cash dividends will be subject to the... Read more

Kaman announces date for 2013 Q3 earnings

Kaman announces date for 2013 Q3 earnings

9-Oct-2013Source: Kaman

Kaman Corp. (NYSE:KAMN) announced today that it will report its third quarter 2013 results after the stock market closes on Monday, October 28, 2013, and host a live webcast and conference call at 8:30am ET on Tuesday, October 29, 2013. The call will be accessible by telephone at (877) 546-5018 and from outside the U.S.... Read more

Global Vectra Helicorp AGM ends in chaos

Global Vectra Helicorp AGM ends in chaos

6-Oct-2013Source: HeliHub.com

In a short but telling update on the Bombay Stock Exchange website, with the understated title of “Adjournment of AGM” is the following statement Global Vectra Helicorp Ltd has informed BSE that the 15th Annual General Meeting of the members of the Company which was held on September 27, 2013 had to be adjourned due... Read more

EC225 grounding cost Bond £4.17M

EC225 grounding cost Bond £4.17M

3-Oct-2013Source: Business Insider

The company notes in full-year accounts filed with Companies House, the grounding of the Eurocopter EC225’s “resulted in reduced flying activity and revenue and also additional non-recurring costs”.  See full story... Read more

Erickson Air-Crane to present at the Deutsche Bank Leveraged Finance Conference

Erickson Air-Crane to present at the Deutsche Bank Leveraged Finance Conference

1-Oct-2013Source: Erickson Air-Crane

Erickson Air-Crane, Inc. (NASDAQ:EAC), a leading global provider of aviation services to a diverse mix of commercial and government customers, and the vertically-integrated manufacturer and operator of the powerful heavy-lift Erickson S-64 Aircrane helicopter, the Erickson S-64 Aircrane, announced today that management will be presenting at the Deutsche Bank 21st Annual Leveraged Finance Conference in... Read more

AAR report results for FY14Q1 ending 31 August 2013

AAR report results for FY14Q1 ending 31 August 2013

25-Sep-2013Source: AAR

AAR (NYSE: AIR) today reported first quarter fiscal year 2014 consolidated sales of $514.5 million and net income of $17.9 million, or $0.45 per diluted share.  For the first quarter of the prior fiscal year, the Company reported sales of $550.5 million and net income of $18.2 million, or $0.45 per diluted share. During the quarter, the Company generated $27.5 million in cash flow from operations and free... Read more

Bristow SVP Hillary Ware takes $1.74M in options profits

Bristow SVP Hillary Ware takes $1.74M in options profits

21-Sep-2013Source: HeliHub.com

Bristow Group SVP of Administration Hillary Ware exercised two tranches of share options in the last 10 days 11th September – 12,168 options exercised at $32.90 and 9,720 at $30.16 and sold together at $70.181 (SEC filing) 16th September – 8,331 options exercised at $32.90 and 24,288 and sold at $70.00 (SEC filing) This equates... Read more

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