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 »
Source: Bristow Group, 13-May-19
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 »
Source: HeliHub.com, 30-Apr-19
The NHV Group announced a new long-term contract with Premier Oil to provide helicopter services to their North Sea assets. Daily flights with the H175 will depart from NHV’s base in Aberdeen for a period of 5 years. To further optimize its service, NHV will add another brand new H175 to its fleet in Aberdeen…. Read more »
Source: NHV, 05-Apr-19
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 »
Source: PHI, 20-Mar-19
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 »
Source: PHI, 15-Mar-19
Babcock Australasia, the aerospace and defence company, is celebrating its first year of Airbus H175 helicopter operations in Timor Leste after clocking up nearly 1400 flights providing offshore aviation services for their oil and gas customer. The company, which operates two H175s on personnel transport, search and rescue, and medevac duties in the Timor Sea… Read more »
Source: Airbus Helicopters, 13-Mar-19
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 »
Source: Era Group, 06-Mar-19
Babcock has in the last week completed a fleet move that saw two helicopters moving from UK to Australia, and two coming back on the return flight. The move was completed by freight specialists Volga-Dnepr Airlines (VDA), using an Antonov An-124 aircraft. After shipping two Leonardo AW139 helicopters from Prestwick UK to Melbourne in Australia, VDA… Read more »
Source: HeliHub.com, 03-Mar-19
Babcock Australasia (Babcock), the aerospace and defence company, is pleased to announce that its Offshore Aviation division has been awarded a five year contract with Santos Ltd (Santos) operating from Karratha, Western Australia. Commencing 1 July 2019, the contract facilitates the provision of two dedicated Leonardo AW139 aircraft to provide crew change, emergency support, 24/7… Read more »
Source: Babcock, 25-Feb-19
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 »
Source: Timothy Stabosz via Globe Newswire, 20-Feb-19
Following the loss of the contract with Perenco, Babcock MCS Offshore have closed their base at Norwich and the four Leonardo AW139s which they operated from there have been dispersed. In the early days of January, two of the four AW139s based there (G-PERD and G-VINC) were ferried to Babcock’s facility in Aberdeen. The third aircraft,… Read more »
Source: HeliHub.com, 11-Feb-19
Babcock MCS Offshore have a fleet of four Airbus H175 helicopters, and we recently tracked one of these taking an unusual route. Ship #5022 registered as G-MCSE took a two day ferry flight on 29th and 30th January from Babcock’s base at Aberdeen through to the Airbus Helicopters facility at Albacete in Spain, with an… Read more »
Source: HeliHub.com, 08-Feb-19
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 »
Source: Bristow, 07-Feb-19
The team at HeliHub.com would like to wish all our readers a very Happy Christmas and a prosperous 2019. This is the time of the year we celebrate the birth of Jesus, and we trust many of our readers will take time to consider what that means to the world, perhaps through attending a church… Read more »
25-Dec-18
In a press release timed to coincide with the opening of the MEBAA Middle East Business Aircraft Association show in Dubai, UAE based Falcon Aviation Services (FAS) have provided more information on their new operation in Kuwait. At a newly built 160,000 m² heliport at Kuwait Oil Company’s premises, FAS commences a five-year onshore and… Read more »
Source: HeliHub.com, 11-Dec-18
Waypoint Leasing Holdings Ltd., the largest independent global helicopter leasing company, today announced that it and certain subsidiaries (“Waypoint”) have entered into an agreement to be purchased by Macquarie Group (“Macquarie”) for approximately $650 million. Macquarie Rotorcraft Leasing will combine the Waypoint helicopter assets and management platform with its own portfolio and employ the Waypoint… Read more »
Source: Waypoint, 08-Dec-18
Helibras announced the delivery of two H135 helicopters to Líder Aviação. The contract was signed at the beginning of the second half of this year and includes the provision of helicopters configured for offshore operations such as passenger transport and medical evacuation missions in the Oil & Gas market. “Flexibility, reduced maintenance and lower operating… Read more »
Source: HeliHub.com, 12-Oct-18
Bristow Caribbean, based out of Port of Spain in Trinidad & Tobago, has recently marked the milestone of 30,000 hours on AW139 operations. Manufacturer Leonardo provided the banner in the image below, which Bristow posted on social media. No press release was issued. Bristow has seven AW139s currently registered in Trinidad & Tobago of which… Read more »
Source: HeliHub.com, 02-Oct-18
Bristow Group Inc. (NYSE:BRS) today announced organizational changes as part of continuous improvements to the company’s support services model. The changes build off the company’s success over the past 15 months to reduce costs and align the company’s structure with the market environment for offshore services. “We have been pursuing increases in revenue and more efficient… Read more »
Source: Bristow, 13-Sep-18
It seems a long time ago. On 29th April 2016, the Main Rotor Head and mast suddenly detached from an Airbus Helicopters H225 flying from Gullfaks B to Bergen Airport Flesland. The helicopter impacted on a small island east of Turøy. As the final accident report is published our thoughts have to be with the… Read more »
Source: Allan Blake, 10-Aug-18
The following statement, issued by Era Group to the US Securities & Exchange Commission (original here), states that Airbus has agreed a $42 Million payout to Era relating to the operators purchase of eleven H225s. “On July 3, 2018, Era Group Inc. (the “Company”) and Era Helicopters, LLC (together with the Company “Era”), entered into… Read more »
Source: Era Group, 10-Jul-18
FAR Gambia Ltd have recently awarded offshore operator NHV a contract for the Provision of Helicopter Transport Services out of Banjul (Gambia). The Belgian based operator has said that they will be using two H155s to cover the work required. Australian-owned FAR expanded its West African exploration portfolio in March 2017 in the offshore Mauritania-Senegal-Guinea-Bissau… Read more »
Source: HeliHub.com, 29-Jun-18
Following our detailed analysis of the H225/AS332L2 fleet movements yesterday there is one other key contract for H225s which we can now provide more details to. In late May, the French Government announced that Airbus signed a €555 million ($643M) deal with Ukraine for 55 helicopters. The Ukraine Government have said that this covers 24… Read more »
Source: HeliHub.com, 27-Jun-18
Bristow has renewed their contract with ExxonMobil in Guyana for the following two years. This means they will continue to provide SAR services, EMS services as well as offshore crew change to the company. The renewal officially started on January 1, 2018, reports Offshore Energy Today.
Source: HeliHub.com, 21-Feb-18
In a recent HeliHub interview, Larry Thimmesch, VP Sales and Marketing for the Bell 525 Relentless program provided further details on the timelines of the certification process. Despite the delays brought upon by the fatal accident of one of the prototypes in July 2016, Bell tell us their new certification program is on schedule to… Read more »
Source: HeliHub.com, 21-Feb-18
The Oil and Natural Gas Corporation (ONGC) is looking into the purchase of an air ambulance. The helicopter would then be at their “beck and call,” providing available EMS for offshore workers at all times. The ONGC has invited helicopter companies to partake in bids, reports Indian Express.
Source: HeliHub.com, 19-Feb-18
When helicopters are not needed and put into long term storage, either by lessors or operators, they are wrapped in a cover that protects them from the effects of humidity. Steve Hanna is the CEO of the company that provides these covers, over 300 of them so far, and his business success and attendance for… Read more »
Source: Allan Blake, 05-Feb-18
The team at HeliHub.com would like to wish all our readers a very Happy Christmas and a great 2018. This is the time of the year we celebrate the birth of Jesus, and we trust many of our readers will take time to consider what that means to the world, perhaps through attending a church… Read more »
22-Dec-17
Lease Corporation International (LCI), the aviation division of the Libra Group, has taken delivery of its first Airbus Helicopters H175 aircraft and placed it on lease with CHC. The aircraft will be based out of Aberdeen, Scotland, supporting oil and gas production activities in the North Sea. Crispin Maunder, Executive Chairman of LCI, says: “This… Read more »
Source: LCI, 18-Dec-17
The offshore helicopter market has finally started to recover following some three years of decline. Rotorcraft operators have reorganised, restructured and recognised that the outlook in the near-term is for modest growth. In our latest analysis, covering the period to 2022, we conclude that the market still presents opportunities for the supply chain. We expect… Read more »
Source: West Wood Energy, 05-Dec-17
In the recent Q3 earnings call with financial analysts, Era Helicopters President and CEO Chris Bradshaw provided the following commentary as part of his introduction:- “The next topic is an update on the status of H225 and AS332 L2 model helicopters following the fatal accidents off the coast of Norway in April 2016, and resultant… Read more »
Source: HeliHub.com, 20-Nov-17
Airbus Helicopters have brought an H225 to the Helitech International show which starts tomorrow at the ExCeL exhibition centre close to London City Airport. The helicopter touched down around 11.15L this morning. In an attempt to improve the PR surrounding the helicopter type, Airbus has brought an example which they had stored at the factory… Read more »
Source: HeliHub.com, 02-Oct-17
Aberdeen Harbour Board is delighted to announce that, following an extensive recruitment process, Michelle Handforth is to join in the role of Chief Executive. Michelle, who has 20 years of board and leadership experience in global, multi-site businesses, will succeed Colin Parker in her new role, however, Colin will remain in post as Chief Executive… Read more »
Source: Aberdeen Harbour Board, 02-Oct-17
Airbus Helicopters has made the results of its survey available to operators and oil companies, but not officially to the press. However, we have validated from a reliable source that 62% of respondents say they are most unlikely to, or will never, fly in the H225 again. Airbus are trying to compare this to the… Read more »
Source: HeliHub.com, 12-Sep-17
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 »
Source: HNZ, 18-Aug-17
Heli Holland have announced on their Facebook page the acquisition of three helicopters to increase their offshore work. They have acquired two EC155s previously operated by CHC, registered PH-EUB and PH-SHO, and the sole EC175 operated by Mexican operator Pegaso. The 155s are already carrying Heli Holland Offshore titles, and one is currently not fitted… Read more »
Source: HeliHub.com, 16-Aug-17
In a recent investor call, Jonathan Baliff – President and CEO of Bristow Group – said the following on the company’s position on the Airbus H225 helicopter and their current plans for its Return To Service. “You may be aware that the civil aviation authorities in the United Kingdom and Norway recently issued directives that… Read more »
Source: SeekingAlpha, 15-Aug-17
Today, Bristow Helicopters is taking delivery of another AW189 from the Leonardo factory in Italy – serial 89002 and registered G-OENC. This will join the first two Bristow offshore AW189s G-OENA and G-OENB in the near future. The crew made a lunch stop at Clermont-Ferrand in France en route to the UK. The new aircraft… Read more »
Source: HeliHub.com, 04-Aug-17
The flight restrictions on the Super Puma EC225s was lifted earlier this month, after being grounded since the fatal crash last year that killed 13 people. The public has voiced their anger however. Unions have requested a public inquiry into the accidents involving the Super Pumas. They state that the workers are getting by with… Read more »
Source: HeliHub.com, 25-Jul-17
Currenty in flight test at the Leonardo factory in Italy is an AW189 in full CHC livery. However, it is not a brand new aircraft and we believe it may have been stored at the facility for over two years. When seen in March 2015, serial 49022 was wearing the livery of Nigerian opertor Caverton… Read more »
Source: HeliHub.com, 25-Jul-17
Oil company BP is being reported by Energy Voice as saying it will not consider allowing its offshore workforce using Airbus EC225 or AS332L2 helicopters until the Norwegian investigation authority AIBN has completed and reported on its work regarding the CHC accident of April 2016. This news comes after the UK and Norwegian CAAs both… Read more »
Source: HeliHub.com, 11-Jul-17
Four Z-9 EH helicopters have been commissioned by the President of Ghana, John Mahama, to be delivered by the Chinese government. The helicopters will have a large role in the Ghana Gas infrastructure project. The commission comes to $100 million, reports My Joy Online. The helicopters will be used for security of oil installations on… Read more »
26-May-17
Babcock Mission Critical Services Offshore are in the process of rotating their AS365N3 fleet, which are based at Blackpool and serve offshore gas installations in the Irish Sea. In recent weeks they have received two helicopters, one from Germany and one from Tunisia. The German example D-HAVU was previously in the Babcock (Bond) fleet as… Read more »
Source: HeliHub.com, 09-May-17
The AgustaWestland AW189 has arrived in South America, and is expected to start offshore operations in the near future from Cabo Frio in Brazil, near Rio de Janeiro. Operated by Aeroleo, part of the Era Group, serials 49025 and 49028 were shipped to Brazil in March and are going through a normal introduction project, getting… Read more »
Source: HeliHub.com, 05-May-17
A Preliminary Report into the fatal accident of the CHC operated H225 helicopter LN-OJF by the Accident Investigation Board Norway (AIBN) was issued on April 28th 2017 (“The Report” is located at https://www.aibn.no/Aviation/Investigations/16-286. The detailing of the catastrophic events makes very sad reading indeed, particularly the questions as to: 1. Why two similar catastrophic accidents… Read more »
Source: Allan Blake for HeliHub.com, 03-May-17
The European Aviation Safety Agency (EASA) takes note of the publication today by the Accident Investigation Board Norway (AIBN) of the preliminary investigation report of the tragic accident of an Airbus Helicopters EC225 (registration number LN-OJF) which occurred on 29 April 2016 in Norway. While the accident investigation is not complete, EASA continues to implement… Read more »
Source: EASA, 28-Apr-17
Investigation of helicopter accident at Turøy near Bergen in Hordaland county, Norway Description 29 April 2016 the Main Rotor Head (MRH) and mast suddenly detached from an Airbus Helicopters EC 225 LP enroute from Gullfaks B to Bergen Airport Flesland. The helicopter impacted on a small island east of Turøy. All 13 people on board… Read more »
Source: AIBN, 28-Apr-17
A tender has been issued for a three-year contract for an EMS helicopter, including aeronautical and medical crew, for 50Hertz Transmission GmbH and three offshore wind developers in the Baltic Sea. This helicopter will be used for emergency rescues of employees on the wind turbines and offshore platforms at Iberdrola’s Wikinger, E.ON’s Arkona and EnBW’s… Read more »
Source: HeliHub.com, 24-Apr-17
Sikorsky, PHI Inc. and Outerlink Global Solutions, a Metro Aviation company, today announced that the S-92® helicopter has demonstrated the ability to transmit in-flight, real-time Health and Usage Monitoring Systems (HUMS) data to PHI’s operations control center. The announcement came at the 2017 Helicopter Association International Heli-Expo show. With this new capability, PHI operators can… Read more »
Source: Sikorsky, 08-Mar-17
Last week, the oil industry journal Energy Voice wrote about a potential new helicopter operator on the North Sea – Vici Helicopters. Incorporated on 18th January with an address in Stavangar, the company is reportedly going to operate two AgustaWestland AW189s, although it is still in the process of obtaining the necessary operating licences. The… Read more »
Source: HeliHub.com, 06-Feb-17
The annual Helicopter Investor Conference brings together about 200 helicopter lessors, financiers and manufacturers, with some operators and others closely tied to the financing of the industry. There is a primary but not exclusive focus on the offshore helicopter industry. This was my first visit and a very appropriate time to listen and talk to… Read more »
Source: Allan Blake, 03-Feb-17
The recent “near miss” that occurred on a rig landing by S92A G-WNSR on December 28th 2016 is the latest in a series of major incidents that appear to have been caused by the accelerated deterioration of critical components, this time in the tail rotor bearing assembly (Air Accident Investigations Branch “AAIB” Special Bulletin S1/2017,… Read more »
Source: Allan Blake for HeliHub.com, 03-Feb-17
Milestone Aviation Group Limited (“Milestone”), a GE Capital Aviation Services (“GECAS”) company and the global leader in helicopter leasing, announced today a commitment letter with Bristow Group Inc. (“Bristow”), a leading provider of global industrial aviation services. Under the agreement, Milestone is providing a $230 million secured term loan facility to a subsidiary of Bristow,… Read more »
Source: Milestone, 03-Feb-17
Babcock Mission Critical Services Offshore is preparing to return two AgustaWestland AW139 helicopters to lessor Era Helicopters. Registered G-PERA and G-PERB were imported to the UK in full Era colours in March 2011, and shortly after were repainted to the traditional red Bond Offshore Helicopters scheme – as the company was known at that time. … Read more »
Source: HeliHub.com, 02-Feb-17
HeliHub.com understands from reliable sources in the offshore helicopter industry that oil company Nexen Petroleum is the principal behind the acquisition of two Airbus H175 helicopters to be operated by Babcock MCS Offshore. We approached Nexen to validate their involvement, but their Corporate Communications lead in Aberdeen declined to comment. Babcock also declined to comment,… Read more »
Source: HeliHub.com, 31-Jan-17
The NHV Group today announced a new contract with Ithaca Energy UK Ltd (Ithaca) to provide helicopter services in support of their upcoming drilling project at the Harrier Well in Block 30/6. The operations are expected to start Q2 2017. Flights will depart from NHV’s base in Aberdeen to the harrier well, which is approximately… Read more »
Source: NHV, 30-Jan-17
Waypoint Leasing (Ireland) Limited (“Waypoint”), the largest independent global helicopter leasing company, today published its ‘January 2017 Oil Report,’ which reflects positive fundamental shifts in the market. Ian Gurekian, Chief Risk Officer of Waypoint said, “As highlighted in our recent Oil Report, sentiment shifted in the oil and gas market in the fourth quarter of… Read more »
Source: Waypoint, 30-Jan-17
The Marina Mall Helipad in Abu Dhabi saw the first ever new generation offshore-configured Leonardo AW169 helicopter. The aircraft was presented to the Oil & Gas Community, with Falcon Aviation being the first to purchase the aircraft. It will be used for offshore oil and gas transportation, reports Arabian Aerospace.
Source: HeliHub.com, 17-Jan-17
Northern HeliCopter (NHC) has entered into a contract with GeoSea to provide medical services to the Merkur offshore wind farm in the German Bight during their commissioning and installation phase. They will provide offshore paramedics for the installation vessels as well as providing telemedicine services. The wind farm is hoped to be done by 2018… Read more »
Source: HeliHub.com, 17-Jan-17
Follow a recent landing incident on a North Sea rig, the BBC is reporting that Sikorsky has grounded the S92 pending certain checks. A British CHC machine, registered G-WNSR, had a problem when landing on the West Franklin helideck on 28th December, resulting in large gouges out of the helideck surface as shown in photos… Read more »
Source: HeliHub.com, 10-Jan-17
The team at HeliHub.com would like to wish all our readers a very Happy Christmas and a prosperous 2017. This is the time of the year we celebrate the birth of Christ Jesus, and we reflect on what that means to us and how it should direct the lives we live. We trust many of… Read more »
Source: HeliHub.com, 23-Dec-16
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 »
Source: Allan Blake, 21-Dec-16
Companies such as Caverton and Bristow have taken a knock in the Nigerian oil and gas sector, due to the price decline of crude oil. Many clients have cancelled contracts or reduced them, causing the companies to struggle to stay afloat. The economic recession has caused many grievances for the employees of these two companies…. Read more »
Source: HeliHub.com, 21-Dec-16
Wiking Helikopter has just received their first H145 Airbus helicopter, one of two. The two helicopters are the first ones ordered in offshore configuration. The second H145 will be delivered in October 2017, reports Eban Magazine. The new helicopters will be used for recuse missions in the North Sea area, transporting harbour pilots and technicians… Read more »
Source: HeliHub.com, 09-Dec-16
Oil firm Statoil will not resume using AS332/EC225 helicopters even if Norway’s Civil Aviation Authority decides to lift the ban imposed after a fatal crash off Bergen in Norway – reports Reuters
Source: Reuters, 06-Dec-16
Caverton Helicopters recently let go 150 of their staff without a severance package, only a month’s pay. The two leading aviation unions; National Union of Air Transport Employees (NUATE) and Air Transport Services Senior Staff Association (ATSSSAN) took up the issue and for two hours protested at the Caverton office inside the Murtala Muhammed International… Read more »
Source: HeliHub.com, 05-Dec-16
This past Wednesday, The National Association of Aircrafts Pilots and Engineers (NAAPE) closed down Bristow Helicopters nationwide after Bristow’s management retrenched 10 Nigerian pilots and 13 Nigerian engineers. This caused the branches in Port Harcourt, Warri and Lagos to all shut down, reports Daily Trust.
Source: HeliHub.com, 05-Dec-16
Caverton Helicopters has recently retrenched 150 of its workers. The decision came without warning, with letters being delivered to the affected workers lastThursday. Most of the employees had been working for the company for over 10 years, reports Sahara Reporters. The National Union of Air Transport Employees (NUATE) has taken up the matter, claiming that… Read more »
Source: HeliHub.com, 25-Nov-16
On October 25, 2016, we hosted two ‘All Member’ conference calls to update members around the world about the association’s progress. Speakers included our CEO, Gretchen Haskins, and topics included the reciprocal membership between HeliOffshore and IOGP, a progress update from Leonardo Helicopters on the AW139 FCOM and the HUMS workstream. Each call also included a… Read more »
Source: HeliOffshore, 04-Nov-16
Weststar Aviation Services (WAS) hopes to expand their business outside of Malaysia. They plan to expand in offshore oil and gas projects in South America, the Middle East, Southeast Asia and Africa. WAS is currently working within a seven-year PTT Exploration and Production contract in Thailand that started in 2014. The contracts allows them to… Read more »
Source: HeliHub.com, 28-Oct-16
NHV is pleased to announce the opening of a new hangar, apron and passenger handling facilities at their operational base at Aberdeen InternationalAirport. The construction works commenced in September 2015 and were completed in September 2016. The new double story passenger handling terminal incorporates all the facilities required to process offshore passengers including check in,… Read more »
Source: NHV, 25-Oct-16
Helicopter marketing company Avinco has been asked to recover, manage and remarket a fleet of EC225s previously operated by CHC following the operator’s filing for Chapter 11. Avinco report that they have already completed a “lengthy and complex” initial phase consisting of centralising 21 machines spread about the world to one European location. HeliHub.com research… Read more »
Source: HeliHub.com, 20-Oct-16
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 »
Source: Bristow Group, 19-Oct-16
Avinco was recently awarded the largest contract of its kind, in charge of recovering, managing and remarketing a fleet of H 225 superpumas previously operated by CHC following the operator’s filing for Chapter 11. Further to the lengthy and complex initial phase consisting of centralising 21 machines spread about the world to one European location,… Read more »
Source: Avinco, 19-Oct-16
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 »
Source: Allan Blake, 17-Oct-16
