PHI wins Woodside S92 contract
Woodside, Australia’s largest natural gas producer, has awarded PHI International a three Sikorsky S92 contract. The contract starts in 2023 and will run for between two and three years. PHI will fly workers from...
Tagged: PHI
Shell selects Airbus H160 for operation by PHI in Gulf of Mexico
Marignane, 15 February 2021 – 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...
James Maner named Chief Pilot for PHI Americas
Wednesday, 18 November 2020 – PHI Americas has named James Maner as its Chief Pilot, PHI Americas, effective November 16, 2020. Maner’s appointment builds on his extensive experience working as a Line Training Captain...
PHI Group’s CEO steps down
After serving company for close to 20 years, PHI Group’s President and CEO Lance Bospflug has stepped down from the board following the helicopter-services operator’s emergence from Chapter 11 bankruptcy protection. Petroleum Helicopters International...
Comment: Do Bristow and PHI’s woes herald years of uncertainty for O&G operators?
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....
PHI delisted from Nasdaq following Chapter 11
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...
Analysis: PHI files for Chapter 11 – what have we learnt?
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...
PHI files for Chapter 11 as pressure from $500m note maturing hits
PHI has filed for Chapter 11 in the US Bankruptcy Court for the Northern District of Texas just as its $500 million worth of unsecured notes were due to mature. The operator filing for Chapter 11 due to pressures surrounding its $500...
Key shareholder calls PHI’s silence “troubling”, PHI responds.
One of PHI’s largest shareholders Timothy Stabosz has penned an open letter to the helicopter operator asking it to address and rebut recent coverage of the operator’s financial standing. The article published on Debtwire...
Credit freeze hits helicopter market
Many people might find it hard to feel sympathy for bankers. Especially after 2008. But as the credit crunch shows, no industry can survive without debt. The helicopter industry is about to discover this....