Bristow Group voluntarily filed for Chapter 11 protection in the U.S. Bankruptcy Court for the Southern District of Texas on 11 May. The oil-and-gas helicopter operator says it intends to use the proceedings to restructure...
Scott Thanisch, CHC’s chief financial officer and senior vice president, joined the company in 2016 knowing that it was a tough time for helicopter operators. CHC filed for Chapter 11 in 2016 and emerged...
Chess is arguably overused as a metaphor for business strategy, but actually is quite apt for the difficulties oil-and-gas helicopter operators find themselves facing in 2019, and which may continue for years to come....
Bristow Group has pushed back its 10-Q filing deadline and is considering US Chapter 11 bankruptcy – according to a recent SEC Filing. The offshore helicopter operator has racked up significant debt and...
Helicopter News / Other / Top Stories / Vtol
The University of Michigan and car manufacturer Ford have released a study suggesting that eVTOL vehicles will have a greater impact on the environment than electric cars. The study notes that, whilst eVTOLs are...
Repair and overhaul company StandardAero has been acquired by global investment firm The Carlyle Group. The company was purchased for an undisclosed amount (estimated at approximately $5 billion – including debt) from Veritas Capital...
Babcock International Group has confirmed that Ruth Cairnie will assume the role of the group’s chair starting 18 July – replacing Mike Turner in the role. Cairnie has joined the company as a non-executive...
Oil-and-gas helicopter operator PHI has filed a Chapter 11 plan that proposes a more than $630 million debt-for-equity swap in an effort to trim its liabilities. “The plan represents a comprehensive financial restructuring of...
Oil-and-gas helicopter operator PHI Helicopters has been delisted by the Nasdaq stock exchange after the firm filed for Chapter 11 on 14 March. PHI states in an SEC filing that it was informed on...
Oil-and-gas helicopter operator Bristow Group has managed to secure an extension until 15 April to file its delayed third-quarter results for 31 December 2018. The extra time for Bristow to file came after two...
Anyone with a passing interest in the large oil and gas helicopter operator market would not have been surprised that PHI has filed for Chapter 11. Primarily, PHI had been expected to file due to $500 million worth of senior notes...
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Bristow Group voluntarily filed for Chapter 11 […]
Scott Thanisch, CHC’s chief financial officer and […]
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Leonardo Helicopters has struck a deal with […]
Helicopter Investor’s parent company Specialist Insight has […]
Chess is arguably overused as a metaphor […]