Urban-centred air transportation is not a new concept. In the 1970s, Boston and some other cities had services based on-demand helicopter taxi. However, the accidents, air pollution, noise, and cost ultimately grounded the taxi...
Todd Wolynski, Partner at White & Case, and Oliver Althoff, Managing Director – North America at Seabury Securities, explain what aviation companies need to do to restructure. As former General Counsel and Chief Administrative...
Bristow Group voluntarily filed for Chapter 11 protection in the U.S. Bankruptcy Court for the Southern District of Texas on 11 May. The oil-and-gas helicopter operator says it intends to use the proceedings to restructure...
Chess is arguably overused as a metaphor for business strategy, but actually is quite apt for the difficulties oil-and-gas helicopter operators find themselves facing in 2019, and which may continue for years to come....
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...
Oil-and-gas helicopter operator PHI Helicopters has been delisted by the Nasdaq stock exchange after the firm filed for Chapter 11 on 14 March. PHI states in an SEC filing that it was informed on...
East-African operator Everett Aviation has signed a lease deal for one new Sikorsky S-92A helicopter with Lobo Leasing. The S-92A is the first Sikorsky aircraft in the company’s fleet. The helicopter will support Everett’s oil and gas...
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...
Bristow Helicopters is currently under intense market scrutiny stemming from its failure to file its third-quarter results for 31 December 2018 on time. “Material weaknesses” in its internal accounting processes were cited by the...
“The danger point in any cycle is not when you’re at the top or the bottom, but when you’re just at the inflection point,” says Clark McGinn principal at Uplifting Advice and formerly head...