PHI

Page 1 of 2

12
PHI sues Zurich over COVID-19 insurance cover refusal

PHI sues Zurich over COVID-19 insurance cover refusal

5-Apr-2021Source: Law360

Helicopter services company PHI Group has sued Zurich American Insurance Co. in Louisiana federal court, alleging Friday that its $50 million Zurich policy covers property damage it sustained after staff and passengers brought COVID-19 aboard its aircraft. See Full Story. ... Read more

Ideagen and PHI Aviation Agree Five-Year Safety Management Software Deal

Ideagen and PHI Aviation Agree Five-Year Safety Management Software Deal

5-Mar-2021Source: PHI Aviation

Leading global provider of software products to companies operating in highly regulated industries, Ideagen Plc, has announced a five-year deal with PHI Aviation for its industry leading product, Coruson. Headquartered in Lafayette, Louisiana, USA, PHI is one of the world’s leading helicopter services companies and has conducted operations in 43 countries across the globe. The... Read more

PHI to fly Airbus H160 for Shell on Gulf of Mexico

PHI to fly Airbus H160 for Shell on Gulf of Mexico

15-Feb-2021Source: Airbus

International energy group Shell has selected leading US offshore helicopter operator PHI to operate four Airbus H160s to service a support contract in the Gulf of Mexico. The contract marks the entry into the oil and gas market of the H160 with a wealth of design features promising new levels of safety, comfort and schedule... Read more

Keith Mullett joins HeliOffshore Board

Keith Mullett joins HeliOffshore Board

28-Jan-2020Source: HeliOffshore

On Monday 27th January, 2020 HeliOffshore announced the appointment of Keith Mullett to HeliOffshore’s board of directors. Keith Mullet is President of PHI International and acting President of PHI Americas.  He has been President of PHI International since the acquisition of HNZ by PHI in December of 2017.  Before that, he was the Executive Vice... Read more

CHI St. Joseph Health and PHI upgrade aircraft

CHI St. Joseph Health and PHI upgrade aircraft

8-Oct-2019Source: KBTX-TV3

CHI St. Joseph Health and PHI Air Medical/Air Med 12 have upgraded the aircraft they use to help care for and transport people in critical condition. See Full Story.... Read more

PHi exits Chapter 11 bankruptcy protection

PHi exits Chapter 11 bankruptcy protection

12-Sep-2019Source: PHI

PHI, Inc. (OTC: PHIIQ; PHIKQ) (“PHI” or the “Company”) announced that the Company and its principal U.S. subsidiaries, including PHI Air Medical, have emerged from Chapter 11 bankruptcy protection, successfully completing the Company’s debt restructuring process and implementing the Chapter 11 reorganization plan confirmed by the U.S. Bankruptcy Court for the Northern District of Texas... Read more

PHI Provides Update on Bankruptcy Proceedings

PHI Provides Update on Bankruptcy Proceedings

11-Jun-2019Source: PHI

PHI, Inc. announced an update in the Company’s Chapter 11 court proceedings, underscoring the positive momentum that the Company has achieved and further executing on the path towards emergence. Following a successful mediation with Judge David R. Jones, a current sitting judge in the United States Bankruptcy Court for the Southern District of Texas, PHI... Read more

PHi report on results for the year to 31 December 2018

PHi report on results for the year to 31 December 2018

20-Mar-2019Source: PHI

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

PHI enters Chapter 11 bankruptcy protection

PHI enters Chapter 11 bankruptcy protection

15-Mar-2019Source: PHI

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

Major PHI shareholder issues Open Letter to Management

Major PHI shareholder issues Open Letter to Management

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

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

PHi extends previously-announced cash tender offer

PHi extends previously-announced cash tender offer

23-Oct-2018Source: PHI Inc.

PHI, Inc. (The Nasdaq Select Global Market: PHII (voting); PHIIK (non-voting)) (“PHI”) announced that it is further extending the expiration time of its previously-announced cash tender offer (the “Tender Offer”) to purchase any and all of the $500 million aggregate principal amount of its outstanding 5.25% Senior Notes due 2019 (the “2019 Notes”) and its... Read more

PHI Provides Update on Its Refinancing and Strategic Plans

PHI Provides Update on Its Refinancing and Strategic Plans

2-Oct-2018Source: PHI

PHI, Inc. (The Nasdaq Select Global Market: PHII (voting); PHIIK (non-voting)) announced today several steps related to its long-term financial and strategic positioning, including the refinancing of its senior secured revolving credit facility and a review of the Company’s potential strategic alternatives. Refinancing of Secured Debt On September 28, 2018, the Company borrowed $130 million... Read more

PHI extends tender offer and consent solicitation

PHI extends tender offer and consent solicitation

1-Oct-2018Source: PHI, Inc.

PHI, Inc. (The Nasdaq Select Global Market: PHII (voting); PHIIK (non-voting)) (“PHI”) announced that it is further extending the expiration time of its previously-announced cash tender offer (the “Tender Offer”) to purchase any and all of the $500 million aggregate principal amount of its outstanding 5.25% Senior Notes due 2019 (the “2019 Notes”) and its... Read more

PHI extends cash tender offer

PHI extends cash tender offer

12-Sep-2018Source: PHI

PHI, Inc. (The Nasdaq Select Global Market: PHII (voting); PHIIK (non-voting)) (“PHI”) announced that it is further extending the expiration time of its previously-announced cash tender offer (the “Tender Offer”) to purchase any and all of the $500 million aggregate principal amount of its outstanding 5.25% Senior Notes due 2019 (the “2019 Notes”) and its... Read more

PHI provides update on Senior Notes tender offer

PHI provides update on Senior Notes tender offer

4-Jul-2018Source: PHI

PHI, Inc. (The Nasdaq Select Global Market: PHII (voting); PHIIK (non-voting)) (“PHI”) announced today the early tender results of its previously-announced cash tender offer (the “Tender Offer”) to purchase any and all of the $500 million aggregate principal amount of its outstanding 5.25% Senior Notes due 2019 (the “2019 Notes”), which commenced on June 18,... Read more

PHI Announces Offering of Senior Secured Notes Due 2023

PHI Announces Offering of Senior Secured Notes Due 2023

19-Jun-2018Source: PHI

PHI, Inc. (The Nasdaq Select Global Market: PHII (voting); PHIIK (non-voting)) (“PHI”) announced today that it is proposing, subject to market and other conditions, to privately place (the “Debt Offering”) up to $500 million aggregate principal amount of senior secured notes due 2023 (the “2023 Notes”). Each of PHI’s existing and future domestic restricted subsidiaries... Read more

PHI Announces Cash Tender Offer and Consent Solicitation

PHI Announces Cash Tender Offer and Consent Solicitation

18-Jun-2018Source: PHI

PHI, Inc. (The Nasdaq Select Global Market: PHII (voting); PHIIK (non-voting)) (“PHI”) announced today that it plans to commence a cash tender offer (the “Tender Offer”), subject to the terms and conditions to be described in PHI’s Offer to Purchase and Consent Solicitation Statement to be dated June 18, 2018 (the “Offer to Purchase”), to purchase... Read more

PHI Announces Appointment of new Director to Board of Directors

PHI Announces Appointment of new Director to Board of Directors

15-Mar-2018Source: PHI

PHI, Inc. (The Nasdaq Select Global Market: PHII (voting) PHIIK (non-voting)) announced the appointment of Alan W. Brass to its Board of Directors effective March 7, 2018. Mr. Brass has been a member of the PHI Air Medical Board of Managers since 2016, leveraging his 42 years of experience working in the healthcare industry. A... Read more

PHi to supply six S-76C++ to Helijet

PHi to supply six S-76C++ to Helijet

15-Jan-2018Source: Helijet

Helijet International Inc. (“Helijet”) based in Richmond, B.C. Canada has entered into a Letter of Intent for the procurement and supply of up to six (6) newer model Sikorsky S-76C++ helicopters with PHI, Inc. (“PHI”) based in Lafayette, Louisiana, USA. The companies have signed definitive agreements for the delivery and acceptance of the first three... Read more

Don Wall and PHI, Inc complete acquisition of HNZ Group

Don Wall and PHI, Inc complete acquisition of HNZ Group

5-Jan-2018Source: HNZ

HNZ Group Inc. (TSX: HNZ) (“HNZ” or the “Corporation”) and PHI, Inc. (The Nasdaq Select Global Market: PHII (voting) PHIIK (non-voting)) (“PHI”) announced today that they have completed the previously announced statutory plan of arrangement under Section 192 of the Canada Business Corporations Act (the “Arrangement”) involving the acquisition by Don Wall, the Corporation’s President... Read more

HNZ sold to new owners

HNZ sold to new owners

1-Nov-2017Source: HNZ Group

HNZ Group Inc. (TSX: HNZ) (“HNZ” or the “Corporation“) and PHI, Inc. (The Nasdaq Select Global Market: PHII (voting) PHIIK (non-voting)) (“PHI“) announced today that, together with Don Wall, the Corporation’s President and CEO, they have entered into an arrangement agreement (the “Arrangement Agreement“) pursuant to which Don Wall, through a wholly-owned acquisition company (the “Canadian... Read more

02-May-17 N457PH Bell 407 Grand Bay, US-Gulf of Mexico

02-May-17 N457PH Bell 407 Grand Bay, US-Gulf of Mexico

2-May-2017

On May 2, 2017, about 0635 central daylight time, a Bell 407 made a precautionary landing at Grand Bay receiving station in the Gulf of Mexico, near Boothville, Louisiana, after the pilot noticed a vibration in-flight. VMC prevailed at the time of the accident.The non-scheduled domestic passenger flight was being conducted under the provisions of... Read more

PHI HNZ Australia PTY Limited Performs First Flight

PHI HNZ Australia PTY Limited Performs First Flight

6-Apr-2017

On April 3, 2017 PHI HNZ Australia PTY Limited performed its first flight for the Inpex-led Ichthys LNG Project, based out of Broome, Western Australia. The PHI HNZ joint venture supplies up to four Sikorsky S-92 heavy helicopters providing transportation services for the Ichthys LNG Project’s massive offshore facilities in Australia. This new contract builds... Read more

Sikorsky Launches Safety Enhancement Program with PHi and Outerlink

Sikorsky Launches Safety Enhancement Program with PHi and Outerlink

8-Mar-2017Source: Sikorsky

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

HNZ and PHi to fly up to four S-92s in Australian JV

HNZ and PHi to fly up to four S-92s in Australian JV

7-Feb-2017Source: HNZ

HNZ Group Inc. (TSX: HNZ) (the “Corporation”), an international provider of helicopter transportation and related support services, announced today that it has entered into a joint venture with PHI, Inc. (“PHI”) to provide offshore helicopter transportation services for the INPEX-led Ichthys LNG Project. INPEX is Japan’s largest oil and gas exploration and production company, and... Read more

HNZ Group announces joint venture in Australia to support INPEX contract

HNZ Group announces joint venture in Australia to support INPEX contract

6-Dec-2016Source: HNZ Group

HNZ Group Inc. (TSX: HNZ) (the “Corporation”), an international provider of helicopter transportation and related support services, announced today that it has entered into a joint venture with PHI, Inc. (“PHI”) to provide offshore helicopter transportation services for the INPEX-led Ichthys LNG Project. INPEX is Japan’s largest oil and gas exploration and production company, and... Read more

PHi First Quarter turnover down 20%

PHi First Quarter turnover down 20%

10-May-2016Source: PHi

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

Pro Star Aviation Expedites Certification HTAWS on PHi Bell 407s

Pro Star Aviation Expedites Certification HTAWS on PHi Bell 407s

5-Feb-2016Source: Pro Star

PHI has been working diligently to become an early adopter of the FAA Mandate that requires all Part 135 Helicopter Emergency Medical Service (HEMS) aircraft to be equipped with a Helicopter Terrain Awareness and Warning System (HTAWS) by April 24, 2017. With the large number of Bell 407 aircraft requiring modification, PHI sought the expertise... Read more

PHi Announces Results for Q2 Ended June 30, 2015

PHi Announces Results for Q2 Ended June 30, 2015

10-Aug-2015Source: PHi

PHI, Inc. (The Nasdaq Global Market: PHII (voting) PHIIK (non-voting)) today reported financial results for the quarter ended June 30, 2015. Consolidated operating revenues for the three months ended June 30, 2015 were $198.5 million, compared to $212.1 million for the three months ended June 30, 2014, a decrease of $13.6 million. Oil and Gas... Read more

08-Jun-15 N501PH Bell 407 Fresh Water City, US-Louisiana

08-Jun-15 N501PH Bell 407 Fresh Water City, US-Louisiana

8-Jun-2015

Emergency landing in marsh area.  Boom damaged... Read more

Medical Center of Plano to supply PHI Air Medical with plasma and blood products

Medical Center of Plano to supply PHI Air Medical with plasma and blood products

3-Jun-2015Source: Medical Center of Plano

Air ambulances are called when minutes matter and a new partnership with The Medical Center of Plano and PHI Air Medical (PHI) are ensuring that patients receive the most advanced trauma treatment available while in flight. The Medical Center of Plano is supplying PHI with plasma and blood products for placement on four of its... Read more

Outerlink answers the call of Oil & Gas helicopter operators

Outerlink answers the call of Oil & Gas helicopter operators

13-May-2015Source: Outerlink

Operators who support global Oil & Gas producers are known for their high standard of helicopter operations. In recent years, the desire to increase connectivity to the aircraft coupled with the sharp decline in world oil prices has posed a particularly difficult economic challenge to those companies. As the need for enhanced safety and reliability... Read more

Pawan Hans to Acquire 2 Seaplanes, 20 Helicopters

Pawan Hans to Acquire 2 Seaplanes, 20 Helicopters

4-May-2015Source: NDTV

State-run Pawan Hans Limited (PHL) plans to acquire two seaplanes and 20 helicopters in the current fiscal as part of its expansion plans, the company said today. See Full Story... Read more

Reimbursement sought in helicopter emergency landing

Reimbursement sought in helicopter emergency landing

8-Apr-2015Source: The Louisiana Record

Two global maritime enterprises have sued a helicopter company, citing nonpayment of a 2013 rescue operation. See Full Story... Read more

Able Aerospace Services, PHI Sign Long-Term Service Agreement

Able Aerospace Services, PHI Sign Long-Term Service Agreement

17-Mar-2015Source: Able

Able Aerospace Services and leading helicopter services company PHI, Inc. have signed a formal service agreement assigning all of PHI’s Bell 206L and 407 component overhaul and exchange work to Mesa, Arizona-based Able. “We have been using Able’s services for years, and in that time have saved millions of dollars through direct purchase savings, increased... Read more

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

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

4-Mar-2015Source: AgustaWestland

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

PHI announces Results for FY2014

PHI announces Results for FY2014

1-Mar-2015Source: PHI

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

Review of Global Air Ambulance Market 2015-2019

Review of Global Air Ambulance Market 2015-2019

19-Feb-2015Source: Research and Markets

Research and Markets (http://www.researchandmarkets.com/research/scb82h/global_air) has announced the addition of the “Global Air Ambulance Market 2015-2019” report to their offering. The Global Air Ambulance market to grow at a CAGR of 9.57 percent over the period 2014-2019. Air ambulance services are sophisticated and advanced medical services provided in a mobile environment. These services have become an... Read more

Oil price not affecting Era and PHi at Houma

Oil price not affecting Era and PHi at Houma

28-Jan-2015Source: Dailycomet

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

PHI reports results for 2014 Q3 Ended September 30th

PHI reports results for 2014 Q3 Ended September 30th

10-Nov-2014Source: PHi

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

Helicopter Operators Formally Launch HeliOffshore

Helicopter Operators Formally Launch HeliOffshore

21-Oct-2014Source: HeliOffshore

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

Obit — Past HAI Chairman Vernon Albert Flies West

Obit — Past HAI Chairman Vernon Albert Flies West

15-Sep-2014Source: HAI

Past HAI chairman and former PHI vice president and chief pilot Vernon E. Albert passed away on September 11 after a long battle with cancer. He was 72. “I was profoundly saddened to learn of Vern’s passing on Thursday,” said HAI President and CEO Matt Zuccaro. “It was my distinct pleasure to serve with him... Read more

PHI reaches highest level of FAA Safety Management System

PHI reaches highest level of FAA Safety Management System

14-Aug-2014Source: PHi

PHI, Inc. announced today that the company has achieved the highest level (Level 4) of the Federal Aviation Administration’s voluntary Safety Management System (SMS) pilot program. SMS is rapidly becoming a worldwide standard throughout the aviation industry and is recognized by the Joint Planning and Development Office (JPDO), International Civil Aviation Organization (ICAO), and Civil... Read more

PHI launches helicopter joint venture with Cyprus Airways

PHI launches helicopter joint venture with Cyprus Airways

28-Jul-2014Source: Cyprus Airways

An important strategic agreement was signed between Cyprus Airways and P.H.I. Air Europe Ltd. P.H.I. Air Europe Ltd is a Joint venture partnership with P.H.I. Helicopters Inc who have chosen Cyprus as their eastern Mediterranean and southern Europe HQ. PHI Inc is one of the largest operators in the world in the field of helicopter... Read more

Arnold & Itkin Claims Top Texas Aviation Verdict for 2013 – against PHI

Arnold & Itkin Claims Top Texas Aviation Verdict for 2013 – against PHI

29-May-2014Source: Arnold & Itkin LLP

The nearly $1.7 million verdict won by Houston civil litigation firm Arnold & Itkin LLP for an offshore worker who was injured in a helicopter accident is being recognized as the top aviation verdict in Texas during 2013, according to the legal reporting service VerdictSearch. Arnold & Itkin attorneys Cory Itkin and Caj Boatright represented... Read more

PHi announces results for FY2014Q1 ended 31 March 2014

PHi announces results for FY2014Q1 ended 31 March 2014

11-May-2014Source: PHi

PHI, Inc. (The Nasdaq Global Market: PHII (voting) PHIIK (non-voting)) today reported financial results for the quarter ended March 31, 2014. Consolidated operating revenues for the three months ended March 31, 2014 were $197.1 million, compared to $179.0 million for the three months ended March 31, 2013, an increase of $18.1 million. Oil and Gas... Read more

PHI announces Final Results of Offer for 8.625% Senior Notes Due 2018

PHI announces Final Results of Offer for 8.625% Senior Notes Due 2018

1-Apr-2014Source: PHi

PHI, Inc. (“PHI”) (The Nasdaq Global Market: PHII (voting) and PHIIK (non-voting)) announced today the final results of the previously-announced tender offer and consent solicitation (the “Tender Offer”) for all of its outstanding 8.625% Senior Notes due 2018 (the “2018 Notes”). The Tender Offer expired at 12:00 midnight, New York City time, at the end... Read more

PHi completes Debt Offering and Initial Settlement for 8.625% Senior Notes Due 2018

PHi completes Debt Offering and Initial Settlement for 8.625% Senior Notes Due 2018

19-Mar-2014Source: PHi

PHI, Inc. (“PHI”) (The Nasdaq Global Market: PHII (voting) and PHIIK (non-voting)) announced today that it had completed its previously-announced private offering of $500 million of 5.25% Senior Notes due 2019 (the “2019 Notes”). PHI also announced that it used a portion of the net proceeds from its sale of the 2019 Notes to concurrently... Read more

PHi receives 97.52% response on 8.625% Senior Notes issue

PHi receives 97.52% response on 8.625% Senior Notes issue

19-Mar-2014Source: PHi

PHI, Inc. (“PHI”) (The Nasdaq Global Market: PHII (voting) and PHIIK (non-voting)) announced today that it had received, as of 12:00 midnight, New York City time, at the end of March 14, 2014 (the “Early Tender Deadline”), tenders and consents from holders of 97.52% of the aggregate principal amount of its outstanding 8.625% Senior Notes... Read more

PHI prices $500M Senior Notes Due 2019

PHI prices $500M Senior Notes Due 2019

9-Mar-2014Source: PHI

PHI, Inc. (“PHI”) (The Nasdaq Global Market: PHII (voting) and PHIIK (non-voting)) announced today that it has agreed to sell $500 million of newly-issued unsecured five-year senior notes. The senior notes due 2019 were priced at par with a coupon rate of 5.25%. The offering is expected to close on March 17, 2014, subject to the... Read more

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

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

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

Rolls-Royce completes large fleet agreements for M250 customers

Rolls-Royce completes large fleet agreements for M250 customers

26-Feb-2014Source: Rolls-Royce

Rolls-Royce has signed multi-year agreements with four large fleet operators, aimed at enhancing operational support for more than 220 helicopters. The agreements provide vital engine repairs and overhauls through the authorizedRolls-Royce FIRST network, which guarantees the use of genuine Rolls-Royce parts and exclusive use of the Rolls-Royce M250 repair network, as well as access to tailor-made technical manual libraries. Greg Fedele, Rolls-Royce,... Read more

PHI flies first Rig Approach™ Customer Flights in the S-92

PHI flies first Rig Approach™ Customer Flights in the S-92

14-Nov-2013Source: Sikorsky

Sikorsky Aircraft Corporation and PHI Inc. announced today the completion of the first operational flights of the new “Rig Approach” system, a first of its kind functionality on the S-92®helicopter that provides helicopter operators with an automated approach to offshore rigs and platforms.  The flights occurred yesterday. Earlier this year, two FAA Demonstration test flights... 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

PHi reports Q2 results to 30th June 2013

PHi reports Q2 results to 30th June 2013

5-Aug-2013Source: PHi

PHI, Inc. (The Nasdaq Global Market: PHII (voting) PHIIK (non-voting)) today reported financial results for the quarter ended June 30, 2013. Consolidated operating revenues for the three months ended June 30, 2013 were $195.5 million, compared to $160.6 million for the three months ended June 30, 2012, an increase of $34.9 million. Consolidated net income... Read more

Will PHI miss its revenue numbers?

Will PHI miss its revenue numbers?

2-Aug-2013Source: Motley Fool

Is PHI sending any potential warning signs?  see full story... Read more

35% more aircraft based at Houma-Terrebonne Airport in 8 years

35% more aircraft based at Houma-Terrebonne Airport in 8 years

24-Jun-2013Source: Houma Today

Following the floods brought by Hurricane Katrina, many oilfield transport companies began relocating their aircraft to areas less prone to flooding – Houma-Terrebonne Airport has benefitted and is now the 4th busiest airport in Louisiana – see full story... Read more

FAA approves Rig Approach system for S92

FAA approves Rig Approach system for S92

7-May-2013Source: Sikorsky

Sikorsky Aircraft Corp. today announced the Federal Aviation Administration (FAA) has approved a new functionality on the S-92® helicopter to provide offshore oil operators with an automated approach that reduces cockpit workload by 60 percent and allows safer operations under challenging weather and operating conditions. Sikorsky, a subsidiary of United Technologies Corp. (NYSE: UTX), developed... Read more

PHI announces results for Q1 to March 31, 2013

PHI announces results for Q1 to March 31, 2013

6-May-2013Source: PHi

Consolidated operating revenues for the three months ended March 31, 2013 increased $40.9 million compared to the three months ended March 31, 2012. Our Oil and Gas medium and heavy aircraft flight hours and revenues increased primarily due to increased deepwater drilling activity. Operating revenues in the Air Medical segment increased $21.2 million primarily due... Read more

PHI, Inc. Announces Financial Results for the Year 2012

PHI, Inc. Announces Financial Results for the Year 2012

18-Mar-2013Source: PHI Inc

PHI, Inc. (“PHI”) (The Nasdaq Global Market: PHII (voting) PHIIK (non-voting)) today reported financial results for the year ended December 31, 2012. Consolidated operating revenues for the year ended December 31, 2012 increased $107.1 million over the year ended December 31, 2011. Our Oil and Gas medium and heavy aircraft flight hours and revenues increased... Read more

ASU completes second S-76C++ NVG conversion for PHi

ASU completes second S-76C++ NVG conversion for PHi

2-Mar-2013Source: ASU

ASU has completed their second night vision modification for a ASU aircraft owned and operated by PHI, Inc, headquartered in Lafayette, LA. The aircraft is a new aircraft that has been specifically designed to serve the oil and gas industry offshore. The aircraft is equipped with cardiac monitors with 12-lead EKG capability, transport ventilators and intravenous... Read more

PHi announces results for 2012 Q3

PHi announces results for 2012 Q3

6-Nov-2012Source: PHi

PHI, Inc. (The Nasdaq Global Market: PHII (voting) PHIIK (non-voting)) today reported financial results for the quarter ended September 30, 2012. Oil and Gas segment revenues were $115.0 million for the three months ended September 30, 2012, compared to $96.6 million for the three months ended September 30, 2011, an increase of $18.4 million. Flight... Read more

PHi boss tells employees to vote for Mitt Romney

PHi boss tells employees to vote for Mitt Romney

5-Nov-2012Source: HeliHub.com

In an extraordinary statement, PHi Chief Executive Officer Al Gonsoulin has effectively told his employees to vote for Governor Mitt Romney by blasting the policies of President Barack Obama. He excuses himself by saying “this election will have a marked effect, both with respect to our oil and gas and our air medical divisions, on... Read more

HAI and PHi host Chinese aviation delegation

HAI and PHi host Chinese aviation delegation

12-Oct-2012Source: HAI

On Wed., Oct. 10, 2012, at the request of the Federal Aviation Administration’s Office of International Affairs, Helicopter Association International (HAI) joined forces with PHI Air Medical Group to host a delegation of 30 Chinese aviation professionals at the Leesburg Executive Airport in Leesburg, Virginia. The Chinese delegates were participants in a four month-long Executive... Read more

PHi announces results for Q2 ended 30 June 2012

PHi announces results for Q2 ended 30 June 2012

14-Aug-2012Source: PHi

PHI, Inc. (The Nasdaq Global Market: PHII (voting) PHIIK (non-voting)) today reported financial results for the quarter ended June 30, 2012. Oil and Gas segment revenues were $104.4 million for the three months ended June 30, 2012, compared to $90.2 million for the three months ended June 30, 2011, an increase of $14.2 million. Flight... Read more

Pilot dies in PHi LongRanger accident in Gulf of Mexico

Pilot dies in PHi LongRanger accident in Gulf of Mexico

29-May-2012Source: HeliHub.com

This news item is part of the accident data provided by HeliHub.com on this site.  Information provided in this update may potentially be incomplete or inaccurate as we frequently post these stories only a very short time after the accident has occurred.  Users of HeliHub.com are advised to carry out their own checks and searches,... Read more

28-May-12 N7077F Bell 206L Gulf of Mexico (1F)

28-May-12 N7077F Bell 206L Gulf of Mexico (1F)

28-May-2012

PHi LongRanger down in GOM.  Sole occupant pilot lost his life – body found and recovered four hours after accident.  Helicopter completely submerged.  Pilot later named as Arturo Lebron... Read more

PHi reports Q1 numbers

PHi reports Q1 numbers

14-May-2012Source: PHi

PHI, Inc. (The Nasdaq Global Market: PHII (voting) PHIIK (non-voting)) today reported financial results for the quarter ended March 31, 2012. Oil and Gas operating revenues increased $15.5 million for the quarter ended March 31, 2012, related primarily to increased medium and heavy aircraft flight hours and revenues resulting mainly from the continuing improvement in... Read more

S&P revises PHi outlook to stable from negative

S&P revises PHi outlook to stable from negative

30-Apr-2012Source: Standard & Poor

Overview — U.S. aviation service provider PHI Inc.’s operating performance has improved materially over the last several quarters due to increased Gulf of Mexico activity and increased profitability in the company’s Air Medical segment. — We are revising the outlook on the company to stable from negative. We are affirming the ‘B+’ corporate credit rating.... Read more

PHi signs eight-helicopter deal with Saudi Red Crescent

PHi signs eight-helicopter deal with Saudi Red Crescent

16-Apr-2012Source: HeliHub.com

Saudi Red Crescent Authority (SRCA) has signed an agreement PHi to provide eight helicopters over the next three years.  His Royal Highness Prince Faisal bin Abdullah bin Abdulaziz Al Saud – Chairman of the SRCA signed the deal with a Lance Bospflug, president/CEO of PHi.  The agreement will see the air ambulance service expanded within... Read more

PHi announces results for year to 31 December 2011

PHi announces results for year to 31 December 2011

14-Mar-2012Source: PHi

PHI, Inc. (“PHI”) (the nasdaq global market:PHII (voting) PHIIK (non-voting)) today reported financial results for the year ended December 31, 2011. Oil and Gas operating revenues increased $10.0 million, related primarily to increased heavy aircraft flight hours and revenues. This increase was offset in part by a decrease in revenues for light and medium aircraft.... Read more

Chief Financial Officer at PHi to retire

Chief Financial Officer at PHi to retire

6-Mar-2012Source: HeliHub.com

Michael J McCann, the Chief Financial Officer of PHi, has advised the company that “he intends to retire in 2012 from all positions with the Company and its subsidiaries, including as Chief Financial Officer and Secretary of the Company, upon the Company’s retention of his replacement in 2012.” to use the wording of the SEC... Read more

North Flight Data Systems to integrate an innovative LARS system into Bell 407

North Flight Data Systems to integrate an innovative LARS system into Bell 407

13-Feb-2012Source: North Flight Data Systems

North Flight Data Systems, LLC is pleased to announce they will integrate and certify their Lightweight Aircraft Recording (LARS) system in the Bell Helicopter Textron 407. In cooperation with PHI, Inc. and Rolls-Royce, NORTH FDS will be integrating their voice, video and flight data recording system into the Bell 407 airframe. The system will not... Read more

Page 1 of 2

12

Copyright © 2021 HeliHub

Website by Design Inc

Helihub logo

X