New Money: Thora Capital closes first fund and heli transaction
It may seem like an odd time to invest in the helicopter market that is now five years into a downturn, but a new asset management firm Thora Capital has just closed its first...
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LCI closes $135 million facility
Following the closing of a $75 million facility with CaixaBank announced last week, helicopter lessor LCI has gone further and closed a $135 million asset-backed facility led by CIT Group. The facility was arranged...
LCI closes $75 million asset-backed facility
In the midst a down market where consolidation and oversupply are the main words on the tongue, helicopter lessor Lease Corporation International (LCI) has just closed a new asset-backed financing deal worth over $75...
Bristow signs $150 million DIP commitment
Bristow announced this week that it has signed a new debtor-in-possession (DIP) commitment to provide a new debt facility worth $150 million. The process is a preliminary part of the company’s progress through its...
Bristow, “business as usual” and buyouts
Amidst its current Chapter 11 proceedings, Bristow Group has embodied the ‘business as usual’ approach. Within the last week, it has secured new financing from its noteholders and has appointed a new general counsel....
Exclusive interview: Eviation’s co-founder and CEO Omer Bar-Yohay
In 2017, electric aircraft start-up Eviation displayed a technology demonstrator at the Paris Air Show. In 2019, it returned with an airworthy prototype all-electric aircraft and an announcement of first orders from regional U.S...
CHC secures new offshore contract with Wintershall Dea
Helicopter operator CHC has secured a new offshore contract to provide helicopter transport for the recently-merged Wintershall Dea to and from oil rigs in the Norwegian Sea. The contract will see CHC fly workers...
Bristow belatedly releases 10-Q and 10-K updates
After months of delays in filing its final 10-Q and 10-K reports due to suspicions of impropriety, helicopter operator Bristow has finally published its delayed and updated reports claiming nothing was misreported in the...
Signature Flight Support will be Uber Elevate’s eyes on the ground
Signature Flight Support and Uber Elevate announced a nationwide partnership at the Uber Elevate Summit, in Washington D.C. earlier this week. Signature will facilitate ground-based operations and skyport infrastructure for Uber Air. Signature will...
Pipistrel Vertical Solutions launches first eVTOL concept
Pipistrel Vertical Solutions – a Pipistrel company – unveiled its first eVTOL model 801 at the Uber Elevate summit, in Washington D.C. this week. This is a five-seater, fully electric air taxi concept. The...
New York helicopter crash raises security questions about flying over cities
Panic in New York streets on Monday when a twin-engine Agusta A109E burst into flames on crashing into the AXA Equitable Centre in New York City. The building was evacuated without incident, the only...
