Bristow announces $75 million tender offernews Alasdair Whyte 13 Aug 19 0Bristow Group has announced a cash tender offer to purchase $75 million of its secured notes maturing in 2023. The tender offer to purchase the… Read more
Leonardo reports 34% increase in orders in H1 2019news Alasdair Whyte 5 Aug 19 0Buoyed in part by helicopter sales, Leonardo has seen a 34% increase in new orders across all of its segments (helicopters, defence electronics & security,… Read more
Bristow finalizes $385 million debt for equity swapnews Alasdair Whyte 29 Jul 19 0Bristow, the helicopter operator currently in Chapter 11 protection, has entered into a backstop commitment agreement with several of its noteholders for a $385 million… Read more
PRICE Systems helps Uber estmate prices for Uber Airinsight Alasdair Whyte 24 Jul 19 0PRICE Systems, a company providing cost estimating solutions, is helping Uber and its partners in the Uber Air initiative in estimating the optimum price per… Read more
Columbia Helicopters acquired by AE Industrial Partnersnews Alasdair Whyte 19 Jul 19 0Columbia Helicopters has sold a majority holding in itself to private equity firm AE Industrial Partners, four months after the collapse of its planned sale… Read more
New Money: Thora Capital closes first fund and heli transactionnews Alasdair Whyte 17 Jul 19 0It may seem like an odd time to invest in the helicopter market that is now five years into a downturn, but a new asset… Read more
LCI closes $135 million facilitynews Alasdair Whyte 17 Jul 19 0Following 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… Read more
LCI closes $75 million asset-backed facilitynews Alasdair Whyte 9 Jul 19 0In the midst a down market where consolidation and oversupply are the main words on the tongue, helicopter lessor Lease Corporation International (LCI) has just… Read more
Rostec wants to invest $600 million in Russian civil aviation projectsnews Alasdair Whyte 8 Jul 19 0 Last week, the biggest players in Russian commerce met for the St. Petersburg International Economic Forum 2019 (SPIEF 2019) to discuss the key economic… Read more
Bristow signs $150 million DIP commitmentnews Alasdair Whyte 5 Jul 19 0Bristow 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… Read more
Bristow belatedly releases 10-Q and 10-K updatesnews Alasdair Whyte 24 Jun 19 0After months of delays in filing its final 10-Q and 10-K reports due to suspicions of impropriety, helicopter operator Bristow has finally published its delayed… Read more
Bristow signs new offshore contract amidst Chapter 11 proceedingsnews Alasdair Whyte 4 Jun 19 0Amidst 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… Read more
Airbus delivers first of two ACH145s to superyacht ownernews Alasdair Whyte 28 May 19 0Airbus has announced the delivery of the first of two ACH145s to a private customer to fly to and land on superyachts. At EBACE 2019… Read more
Bristow files for Chapter 11news Alasdair Whyte 13 May 19 0Bristow 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… Read more
Comment: Do Bristow and PHI’s woes herald years of uncertainty for O&G operators?insight Alasdair Whyte 24 Apr 19 0Chess 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… Read more
Bristow pushes 10-Q deadline, considers bankruptcynews Alasdair Whyte 17 Apr 19 0 Bristow Group has pushed back its 10-Q filing deadline and is considering US Chapter 11 bankruptcy – according to a recent SEC Filing. The… Read more
Volocopter partners with Honeywell to develop VTOL landing systemsnews Alasdair Whyte 10 Apr 19 0Volocopter has signed an agreement with aviation services company Honeywelll to develop new automatic take-off and landing systems for Volocopter’s VTOL aircraft. Honeywell is breaking… Read more
Carlyle Group completes purchase of StandardAeronews Alasdair Whyte 8 Apr 19 0Repair and overhaul company StandardAero has been acquired by global investment firm The Carlyle Group. The company was purchased for an undisclosed amount (estimated at… Read more
PHI files Chapter 11 plan for $630m debt-to-equity swapnews Alasdair Whyte 4 Apr 19 0Oil-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… Read more
EHang delays IPO, turns to venturenews Alasdair Whyte 3 Apr 19 0EHang has delayed its plans for an initial public offering (IPO), turning instead to venture capital – hoping to raise up to $200 million privately.… Read more
