Repair and overhaul company StandardAero has been acquired by global investment firm The Carlyle Group. The company was purchased for an undisclosed amount (estimated at approximately $5 billion – including debt) from Veritas Capital...
Oil-and-gas helicopter operator PHI has filed a Chapter 11 plan that proposes a more than $630 million debt-for-equity swap in an effort to trim its liabilities. “The plan represents a comprehensive financial restructuring of...
EHang has delayed its plans for an initial public offering (IPO), turning instead to venture capital – hoping to raise up to $200 million privately. The company is delaying the IPO to raise capital...
New York-based Faruqi & Faruqi is the latest law firm to climb on the class-action bandwagon to launch a class-action law suit against Bristow Group. Faruqi & Faruqi has invited Bristow Group investors who...
Non-profit air ambulance service STARS will receive CAD$65 million from the government to help replace its ageing EMS fleet. The Canadian government announced today in the federal budget that the Prairie-based air-ambulance operator will...
Oil-and-gas helicopter operator Bristow Group has managed to secure an extension until 15 April to file its delayed third-quarter results for 31 December 2018. The extra time for Bristow to file came after two...
Belgium helicopter operator NHV Group has named Steffen Bay as its new chief executive, replacing former chief and founder Eric Van Hal. “Steffen brings a wealth of commercial and corporate experience to the role...
DART Aerospace, an aftermarket parts provider operating as a subsidiary of Eagle Copters, has been sold to private-equity firm Greenbriar Equity Group and First Aviation Services. The acquisition signals First Aviation’s first foray into the helicopter...
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...
Following the closing of a $75 million facility with CaixaBank announced last week, helicopter […]
Helicopter operator NHV Group has expanded its executive board with the appointment of Thomas […]
In the midst a down market where consolidation and oversupply are the main words […]
Last week, the biggest players in Russian commerce met for the St. Petersburg […]
Bristow announced this week that it has signed a new debtor-in-possession (DIP) commitment to […]
Amidst its current Chapter 11 proceedings, Bristow Group has embodied the ‘business as usual’ […]
Helicopter operator CHC has secured a new offshore contract to provide helicopter transport for […]
Following Uber’s entry into the helicopter air taxi market with its launch of Uber […]
Matt Zuccaro is stepping down as the president and CEO of Helicopter Association International […]
After months of delays in filing its final 10-Q and 10-K reports due to […]