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 News
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...
NHV appoints new COO
Helicopter operator NHV Group has expanded its executive board with the appointment of Thomas Hütsch to COO to the executive committee. Hütsch has extensive management experience in aerospace gained over the past three decades,...
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, “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....
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...
Voom brings its helicopter ride-hailing service to San Francisco
Following Uber’s entry into the helicopter air taxi market with its launch of Uber Air this month, Airbus is doubling down on its own helicopter urban-transport efforts by launching its Voom air taxi service...
HAI president Zuccaro set to retire next year
Matt Zuccaro is stepping down as the president and CEO of Helicopter Association International (HAI) effective 30 June 2020 – coinciding with end of HAI’s fiscal year and appointment of a new board. Zuccaro...
