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....
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...
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....
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...
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...
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...
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...
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...
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 Ed Washecka, the company’s founder and CEO, has left the company and been replaced by Hooman Yazhari who joins from CHC...
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...
A New York bankruptcy judge has approved […]
Wetzikon, Switzerland, February 19, 2019 – Kopter […]
Following on from weak Q3 results, the […]
Sikorsky’s New York based charter subsidiary AAG […]
Heli-Union, offshore helicopter provider was awarded a […]
Bell has received type certification from the […]
Mollis, Switzerland – 12th February 2019 – […]
Long considered a star of the offshore […]
Ever since the drone sighting that halted […]
Offshore helicopter services provider Babcock has appointed […]