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Why 2018 is a year of change for helicopter leasing

Why 2018 is a year of change for helicopter leasing

The year 2014 was clearly the top of the cycle, 2018 is now showing all the signs of being the turning point for offshore helicopters. It is clearly a year when the market is being fundamentally reshaped, ready for stronger times.

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CHC extends North Sea offshore contract

CHC extends North Sea offshore contract

CHC has extended an existing two-year offshore oil and gas contract with oil exploration and development company Aker BP. The operator will provide two AS332Ls to fly on offshore transport missions from Aker BPs base at the Valhall field in

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LCI expands CHC partnership with second H175

LCI expands CHC partnership with second H175

27th February, 2018 – Lease Corporation International (LCI), the aviation division of the Libra Group, has today announced that it is expanding its partnership with CHC through the placement of a second Airbus Helicopters H175 aircraft with the operator. The

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CHC H175 completes inaugural flight

CHC H175 completes inaugural flight

CHC has completed its first H175 super medium flight. The helicopter flew an offshore operation from CHC’s Aberdeen base to the Shell-owned Ocean Patriot offshore platform. CHC ordered two H175s and three AW189s in July 2017 as part of super

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CHC Helicopter launches new brand and website

CHC Helicopter launches new brand and website

CHC has introduced a new corporate brand and global website. The new brand includes a refresh of the current corporate logo, company positioning statement and an update to its current hummingbird logo. “As we progress towards the completion of our

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CHC gets $450 million to exit C11 from Bain and Milestone

CHC gets $450 million to exit C11 from Bain and Milestone

Bain Capital, Milestone Aviation Group and other bondholders have agreed a combined $450 million plan support agreement to help CHC leave Chapter 11. Existing creditors led by Bain Capital are investing $300 million. Milestone has restructured leases and is also

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EASA grounds all AS332L2 and EC225LP Super Pumas

EASA grounds all AS332L2 and EC225LP Super Pumas

On JUne 2 2016, EASA grounded all Airbus Helicopters AS332L2 and EC225LP Super Pumas. EASA earlier grounded all passenger operations but have now extended it to include search and rescue flights. The total grounding follows the discovery of metal fatigue

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CHC May Cut Fleet By Two Thirds

CHC May Cut Fleet By Two Thirds

It is less than a week since CHC filed for bankruptcy protection – so too early to see exactly how the company will look when it (surely) emerges from Chapter 11. But early court filings give some clues. The declaration

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Moody’s downgrades CHC Group following Chapter 11 bankruptcy filing

Moody’s downgrades CHC Group following Chapter 11 bankruptcy filing

Credit ratings agency Moody’s has downgraded CHC Group’s probability of default rating to D-PD (definitive probability of default) from a more favourable Ca-PD rating. The action follows CHC’s announcement that it, along with its wholly-owned subsidiary CHC Helicopter it has

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Shell suspends flights through CHC in Norway following fatal helicopter crash

Shell suspends flights through CHC in Norway following fatal helicopter crash

Oil giant Shell has suspended all helicopter flights through operator CHC as a result of the fatal aircraft crash that killed 13 passengers in Norway last week and said it was “working to find alternative helicopter service providers” to temporarily

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