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
HI Uplift: Pre-owned twin heli market ‘starting to level out’news Mike Stones 21 Sep 23 0The pre-owned twin engine helicopter market is coming more into balance, Valerie Pereira, vice president Market Research, Aero Asset tells Helicopter Investor. Commenting on the… Read more
HI Uplift: Have heavies had their day?news Mike Stones 18 Sep 23 0Pity the poor old heavy helicopter. She spends years in storage during the downturn in the offshore energy sector. Then, when oil and gas markets… Read more
RIVE raises €200m for its transport assets fund, including helisnews Mike Stones 14 Sep 23 0European investment company RIVE Private Investment has raised €200m ($215m) since the launch of its RIVE Transportation Assets Income Fund (RTAIF) in 2021. The fund… Read more
Leonardo spends nearly £500m with UK onshore supply chainnews Mike Stones 25 Aug 23 0Leonardo Helicopters spent nearly £500m with more than 650 suppliers linked to its UK onshore supply chain last year, says the manufacturer. The supply chain… Read more
NHV Helicopters wins North Sea decommissioning contractnews Mike Stones 21 Aug 23 0Helicopter operator NHV Helicopters, headquartered in Ostend, Belgium, has won the contract for de-commissioning work on the Buchan Well in the Central North Sea. The… Read more
RevA analysis: ‘Very few downsides to settlement for Archer’news Yves Le Marquand 17 Aug 23 0It was Chinese general Sun Tzu who said: “Keep your friends close and your enemies closer”. Something Archer and Wisk seemed to do last week… Read more
Offshore Helicopter Services seals deal to extend Serica Energy contractnews Mike Stones 16 Aug 23 0Offshore Helicopter Services UK (OHSUK) has sealed a deal to extend its crew transfer contract with North Sea, mid-tier oil and gas company Serica Energy.… Read more
