Sikorsky is suing Babcock International for failing to take delivery of two S-92 helicopters worth $58 million that were ordered in 2011. In a court filing, Sikorsky asks for: “compensatory damages, incidental damages, and...
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...
Belgium helicopter operator NHV Group has named Steffen Bay as its new chief executive, replacing former chief and founder Eric Van Hal. “Steffen brings a wealth of commercial and corporate experience to the role...
DART Aerospace, an aftermarket parts provider operating as a subsidiary of Eagle Copters, has been sold to private-equity firm Greenbriar Equity Group and First Aviation Services. The acquisition signals First Aviation’s first foray into the helicopter...
Macquarie is buying Waypoint Leasing for $650 million. Waypoint’s staff will join Macquarie Rotorcraft Leasing. The transaction is subject to bankruptcy court approval and expected to close before March 2019. Several of Waypoint’s lenders...
When Waypoint Leasing launched in 2014 it appeared to have all the ingredients that a business needs to succeed. There was an experienced management team combining operators, brokers and experienced commercial aircraft lessors –...
Bloomberg is reporting that GE shares fell 4% over concerns about Milestone Aviation, following Waypoint Leasing’s filing for Chapter 11. GE Capital Aviation Services acquired Milestone Aviation, the largest helicopter leasing company and Waypoint...
Waypoint Leasing, which filed for Chapter 11 bankruptcy protection on Sunday, has said that it could be sold quickly. In a court filing the lessor said: “The Debtors expect to agree on terms with...
Waypoint Leasing, the world’s second largest helicopter leasing company filed for Chapter 11 on Sunday November 25. Size In October 2018, Waypoint valued its assets at $1.62 billion and its liabilities at $1.23 billion....
Waypoint Leasing, the world’s second largest helicopter leasing company, has filed for Chapter 11 bankruptcy protection. The company filed at the US Bankruptcy Court for the Southern District of New York at 12.37 on...
This article originally appeared as one of our Helicopter Investor Newsletters. Click here to […]
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Franky Zapata, the flying enthusiast who attempted to cross the English Channel on his […]
Bristow, the helicopter operator currently in Chapter 11 protection, has entered into a backstop […]