Bell parent Textron restructuring plan sees 725 jobs cutnews Yves Le Marquand 29 Nov 23 0Bell Helicopter’s parent company Textron has reported it will cut 725 jobs as part of a restructuring plan attempting to bring down operating expenses. With… Read more
Milestone reveals lease agreements for three AW169s at European Rotorsnews Mike Stones 28 Nov 23 0Milestone Aviation Group has revealed the signing of lease agreements with UNI-FLY Group for three Leonardo AW169 Helicopters at the European Rotors event in Madrid.… Read more
European Rotors HI Finance Forums probe 2024 trends and leasingnews Mike Stones 24 Nov 23 0The future of the global helicopter market next year plus key trends in helicopter leasing are the subjects of two Helicopter Investor Finance Forums, which… Read more
HI Uplift: the US HEMS market – the Air Methods legacynews Mike Stones 23 Nov 23 0Slow Train Coming is the 19th studio album by American singer-songwriter Bob Dylan. The title also sums up for many seasoned observers the decision by Air… Read more
EHANG POSTS 239% JUMP IN REVENUES ON HIGHER EH216 SALESnews Yves Le Marquand 23 Nov 23 0EHang Holdings reported financial results for the third quarter of 2023, with revenues soaring 239% year-on-year to $3.9m. The increase was attributed to higher sales… Read more
LEVL Leasing closes leases on six Avincis helicoptersnews Alasdair Whyte 14 Nov 23 0LEVL Leasing, the joint venture between Lobo Leasing and EMP Structured Assets, has closed a €50m sale and leaseback with Avincis. The joint venture has… Read more
HI Uplift: LCI & SMFL launch Social Loan Framework in $1.6trn sustainable finance marketnews Mike Stones 9 Nov 23 0LCI and Sumitomo Mitsui Finance and Leasing Co (SMFL) have launched the first Social Loan Framework for helicopter leasing, finance and operations, targeting the $1.6trn… Read more
Milestone delivers Sikorsky S-92 to China General Aviation Companynews Mike Stones 9 Nov 23 0Milestone Aviation Group has delivered a Sikorsky S-92 helicopter to its new client China General Aviation Company (CGAC). Configured for offshore passenger transport, the S-92… Read more
LCI & SMFL launch Social Loan Framework for heli leasing, finance and opsnews Mike Stones 9 Nov 23 0LCI and Sumitomo Mitsui Finance and Leasing Co (SMFL) have launched the first Social Loan Framework for helicopter leasing, finance and operations to exploit the… Read more
Blade Air Mobility reports stellar Q3 performancenews Fayaz Hussain 8 Nov 23 0Blade Air Mobility announced its financial results for the third quarter of 2023, highlighted by a 56% year-on-year (YoY) surge in revenue to a record… Read more
Bristow hails passing ‘positive inflection point’ in Q3 2023 resultsnews Mike Stones 2 Nov 23 0Bristow Group has passed “a positive inflection point”, according to its president and CEO Chris Bradshaw, after the helicopter operator posted net income of $4.3m… Read more
LCI vice chairman Michael Platt to step downnews Mike Stones 1 Nov 23 0LCI’s vice chairman Michael Platt will retire at the end of this year but continue to serve a senior adviser working on business innovation projects… Read more
LYTE AVIATION EYES INDIAN MARKET WITH 10 PRE-ORDERS FROM VMANnews Yves Le Marquand 1 Nov 23 0Lyte Aviation has received a pre-order for 10 aircraft from Vman as it eyes an entrance to the Indian market. The UK-based eVTOL OEM is… Read more
After Air Methods’ Chapter 11 filings: ‘more to follow’news Mike Stones 27 Oct 23 0More helicopter emergency medical services (EMS) businesses are likely to follow Air Methods in seeking Chapter 11 bankruptcy protection, according to Jason Kmiecik, president of… Read more
Bell revenues remain flat at $754m in Q3news Fayaz Hussain 26 Oct 23 0Third-quarter filings from Textron showed Bell revenues remained flat at $754m compared to $754m in the same period last year on account of lower commercial… Read more
HI Uplift: Air Methods files for Chapter 11 protection – what it meansnews Mike Stones 26 Oct 23 0“Have the Monday blues?” US air ambulance provider Air Methods asked its nearly 4,000 followers on the social media platform X (formerly known as Twitter)… Read more
HI Insight: What lies behind Air Methods’ Chapter 11 filingsnews Fayaz Hussain 25 Oct 23 0Air Methods’ Chapter 11 filings show the company’s first-lien lenders, bondholders and shareholders have agreed to a restructuring plan which will see the company’s debt… Read more
Air Methods files for prepackaged Chapter 11 bankruptcy protectionnews Mike Stones 25 Oct 23 0US air ambulance company Air Methods has filed for prepackaged Chapter 11 bankruptcy protection. The company entered a Restructuring Support Agreement (RSA) with a majority… Read more
Helicopter Investor to stage Finance Forums at European Rotors 2023news Mike Stones 5 Oct 23 0Helicopter Investor is planning two Finance Forums to be staged at the European Rotors 2023 event in Madrid next month. Under discussion will be The… Read more
ARCHER RECEIVES FIRST INSTALMENT FROM US AIR FORCE CONTRACTSnews Yves Le Marquand 5 Oct 23 0Archer has received the first instalment worth nearly $1m from its recently announced contracts with the US Air Force (USAF). With a total value of… Read more
