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. Lenders, many of whom have already
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 new helicopters. The first three Sikorskys
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 holds a 36.5% interest with a
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 will receive $18.70 in cash per
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 of the agreement. Subject to final
HNZ Group has partnered with PHI Inc to supply four S-92s to INPEX, Japan’s largest oil and gas exploration and production company. The PHI aircraft will provide offshore transportation services for INPEX’s Ichthys Project, 220 kilometers / 136.7 miles off
US-based helicopter manufacturer Sikorsky is celebrating 10 years since it delivered the first S-92 helicopter to PHI, Inc., a helicopter operator based in Lafayette, Louisiana. Carey Bond, president of Sikorsky Commercial Systems & Services, said: “On behalf of Sikorsky, I
