Waypoint Leasing has extended maturity of two revolving credit facilities valued at $390 million, with a $100 million facility pushed back to late 2019 and over $280 million to late 2020. The loans are extended over seven lenders. The proceeds
Watson Farley & Williams (WFW) has advised Société Générale Group on the refinancing of nine H135 helicopters and one Bell 429. The helicopters are owned by Iris Helicopter, the joint investment of Nova Capital and Rive Private Investment. WFW advised
Air methods generated $297.5 million in the fourth quarter of 2016, up 9.2% from $272.4 million in the fourth quarter of 2015. Adjusted EBITDA saw an increase of 1.2% in the last quarter of 2016, from $65.6 million to $66.4
A newly-formed consortium of leading Middle Eastern funds has finalised a deal to acquire minority stake in Russian Helicopters. Russian Direct Investment Fund (RDIF) formed the consortium and plans to acquire a 12% stake in the helicopter design and manufacturing company.
A subsidiary of Bristow Group has entered a $200 million loan agreement with Macquarie Bank. The financing will be secured by 20 oil and gas aircraft and is expected to be fully funded by 31 March 2017. Alongside the five-year
Bristow Group reported a GAAP net loss of $21.9 million for the quarter ending 31 December 2016. This is down from $3.2 million in December 2015. Operating revenue is down as well with an annual figure of $324.3 million for
Milestone will be providing a $230m secured term loan facility to a Bristow subsidy as part of a new agreement. The commitment letter will see Bristow extend Sikorsky S-92 leases with Milestone. Also, Milestone will defer lease rentals on select
Waypoint Leasing has acquired a pre-owned AW139 in EMS configuration on the open market and placed it on long-term lease to Ornge in support of EMS operations in Ontario, Canada. The aircraft is additional to Waypoint’s current AW139 fleet and
Waypoint Leasing has placed two new Sikorsky S-92s on lease with a global helicopter operator. “Despite a period of weak demand for oil and gas globally, and a recent shift in the market for heavy aircraft, we are receiving numerous
Erickson Incorporated has hired Imperial Capital, a full-service investment bank, to explore strategic alternatives for the company. In addition to Imperial’s capital markets expertise, it specialises in aerospace, defense and government services, and airline and transportation industries among others. ALSO
