Waypoint Leasing, which filed for Chapter 11 bankruptcy protection on Sunday, has said that it could be sold quickly. In a court filing the lessor said: “The Debtors expect to agree on terms with a bidder and file a motion
Waypoint Leasing, the world’s second largest helicopter leasing company filed for Chapter 11 on Sunday November 25. Size In October 2018, Waypoint valued its assets at $1.62 billion and its liabilities at $1.23 billion. On November 16, 2018, Waypoint’s fleet
Babcock Group has taken an £80 million ($102 million) impairment charge on its oil ad gas helicopter transport business. Analysts had been expecting £100 million. In its half-year results released today, Babcock cited overcapacity and underutilisation of its helicopter assets
Four years into the downturn, it is probably safe to say that the first Golden Age of helicopter leasing lasted for four years. It started with the launch of Milestone Aviation in 2010 and then ended when GE Capital Aviation
Two PHI’s shareholders have sent a letter to the company’s board of directors proposing PHI sell its air medical business to help refinance debt. The two shareholders, Christopher Olin from Alesia Asset Management and private investor Timothy Stabosz, own a
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
Waypoint Leasing, the largest independent helicopter lessor, is in talks with banks to restructure loans. The lessor first held talks in June to warn lenders that it could be close to breaching some covenants. Some 26 banks are involved. Waypoint,
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
