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...
Category: Helicopter Finance
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...
Rostec wants to invest $600 million in Russian civil aviation projects
Last week, the biggest players in Russian commerce met for the St. Petersburg International Economic Forum 2019 (SPIEF 2019) to discuss the key economic issues facing Russia – and to make deals. Moscow’s...
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 signs new offshore contract amidst Chapter 11 proceedings
Amidst the process of Chapter 11 bankruptcy, Bristow has secured a new five-year contract to fly workers to and from BP’s offshore oil rigs in the North Sea. The contract commenced on 13 May...
Airbus delivers first of two ACH145s to superyacht owner
Airbus has announced the delivery of the first of two ACH145s to a private customer to fly to and land on superyachts. At EBACE 2019 the French manufacturer announced that it will be delivering...
Bristow files for Chapter 11
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...
Comment: Do Bristow and PHI’s woes herald years of uncertainty for O&G operators?
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....
Bristow pushes 10-Q deadline, considers bankruptcy
Bristow Group has pushed back its 10-Q filing deadline and is considering US Chapter 11 bankruptcy – according to a recent SEC Filing. The offshore helicopter operator has racked up significant debt and...
