Airbus has agreed to pay helicopter operator Era Group $42 million as compensation over the grounding of the H225. A significant amount of the aircraft type was grounded by regulators in the wake of a fatal crash of a CHC
PHI Helicopters is nearing completion of a tender offer of an early buy-back of notes. These are those outstanding from a 2014 issue of $500 million and that are due for redemption in 2019. Essentially, this is a balance sheet
It has been a busy week for Blade. The privately-owned online helicopter charter company has raised $38 million from its second round of financing and has partnered with Airbus to manage the Airbus Ride helicopter service in Dallas. The capital
XTI Aircraft is planning to increase the price at which it is offering new shares by 50%. The Vtol start-up is preparing to submit papers to the U.S. Securities and Exchange Commission (SEC) to increase the offering price of its
Bristow has completed its private $350 million notes offering, offering the group greater financial certainty though higher costs. The issue had initially been set as a $300 million private offering but was subsequently raised to the $350 million level when
In response to its reduced liquidity needs, Leonardo Helicopters has signed a new revolving credit facility through a pool of 26 banks and bookrunners. The new agreement provides Leonardo with a facility of €1.8 billion against an earlier €2 billion.
Lease Corporation International (LCI) has closed its first capital markets financing with a $55 million five-year loan. CIT Group and Prudential Capital Group led the issue. The helicopter lessor will use the cash to buy six new Leonardo AW139 and
Waypoint Leasing, one of the largest helicopter lessors, has changed its management team. Ed Washecka, the company’s founder and CEO, has left the company and been replaced by Hooman Yazhari who joins from CHC Helicopters. Yazhari was general counsel and
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
Leonardo is to purchased back two outstanding note offerings due 2039 and 2040. The OEM and its subsidiary Leonardo US Holdings will purchase its outstanding 7.375% guaranteed notes due 2039 and its outstanding 6.250% due in 2040. Both notes were previous
