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....
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...
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 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...
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...
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....
Canadian charter company HeliJet has signed a procurement and delivery agreement for six new Sikorsky S76C++ helicopters with PHI Inc. HeliJet signed the letter of intent with PHI to source and prepare the six...
HNZ Group subsidiary Canadian Helicopters has received an $8 million loan from investment firm Crown Capital Partners. The term loan closed on 29 December – the same day as the acquisition of HNZ. It...
HNZ has now officially been acquired by by its CEO Don Wall and Louisiana operator PHI, Inc. As a result, HNZ shares will be voluntarily delisted from the Toronto Stock Exchange. Former HNZ shareholders...
HNZ Group is proposing to sell all of its outstanding shares to Don Wall, its president and CEO, for $188.8 million. Louisana-based operator PHI would buy HNZ’s Pacific offshore business from Wall as part...
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