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...
Bristow Group has announced that it is still working towards filings it final third-quarter results for the period ended 31 December 2018 due to needing more time to complete reviews of “material weakness” in...
A New York bankruptcy judge has approved the sale of Waypoint Leasing’s assets – including most of its helicopters – to Macquarie Group and some of its secured lenders. Macquarie will receive most of...
Long considered a star of the offshore helicopter market until oil prices collapsed in August 2016, Bristow Group announced on 11 February the late filing of its Q3 results due to financial reporting concerns,...
Workhorse Group has secured $35 million in funding from investment management group Marathon Asset Management. Proceeds from the financing will be used for working capital, part acquisitions and to repay the outstanding amount of...
The UK government will be providing £125 million to aerospace manufacturers to boost research and technology in the sector. UK Business secretary Greg Clark has announced that manufacturers of drones, electric and autonomous aircraft...
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...
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....
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...
Bristow Group has pushed back its […]
The University of Michigan and car manufacturer […]
Volocopter has signed an agreement with aviation […]
Luxaviation Helicopters has added the Philippines helicopter […]
Carl Dietrich, a co-founder of experimental-aircraft design […]
Repair and overhaul company StandardAero has been […]
Babcock International Group has confirmed that Ruth […]
Oil-and-gas helicopter operator PHI has filed a […]
EHang has delayed its plans for an […]
New York-based Faruqi & Faruqi is the […]