Blade Air Mobility has entered into a $23m definitive agreement to acquire US-based organ logistics company Trinity Air Medical. It will purchase 100% of the capital stock of Trinity. CEO Rob Wiesenthal said: “Given...
“The industry absolutely needs consolidation,” Clark McGinn, principal, Uplifting Advice told Helicopter Investor in response to the news of CHC Group’s acquisition of Babcock’s oil and gas business. McGinn says there is no shortage of...
LCI and Sumitomo Mitsui Finance and Leasing (SMFL) are adding 12 helicopters to their joint venture. The 12 helicopters are worth $120m and are added to the existing $230m 19 helicopter joint venture which...
Safran Helicopter Engines is claiming a world first after running one of its engines on 100% Sustainable Aviation Fuel (SAF). The Makila 2 engine was powered by biofuel produced by TotalEnergies. The fuel feedstock...
Helicopter leasing and financing company Milestone Aviation Group is to deliver three AW139 helicopters for offshore oil and gas missions to Thai Aviation Services (TAS); a privately-owned helicopter operator based in Thailand. The three...
CHC Group has completed its acquisition of Babcock International’s $10m oil and gas business. Through the deal, CHC will increase its crew transportation capacity and expand its fleet by about 30 aircraft across the...
Praveen Vetrivel, chief financial officer (CFO) at helicopter leasing company LCI has been named in Airline Economics’ 40 under 40 awards. The 40 under 40 awards celebrates talented individuals within aviation finance and leasing,...
Bristow Group has made its first move towards advanced air mobility, when it signed a Memorandum of Understanding (MOU) to purchase 50 eSTOL (electric short take-off and landing) aircraft from developer Electra.aero. The company...
Davide Schillaci has been appointed customer relationship manager for Savback Helicopters. Italy-based Schillaci has a long career within the internationalisation sector. For the past 18 years, he has been advising several companies on a...
Fuel cell developer HyPoint announced a $6.5m deal with unmanned systems and rotorcraft manufacturer Piasecki Aircraft to work on its eVTOL PA-890 helicopter. The $6.5m agreement will see the development of five 650kW hydrogen...