Another law firm opens case against Bristownews Alasdair Whyte 3 Apr 19 0New York-based Faruqi & Faruqi is the latest law firm to climb on the class-action bandwagon to launch a class-action law suit against Bristow Group.… Read more
Government gives STARS $65 million for new helicoptersnews Alasdair Whyte 26 Mar 19 0Non-profit air ambulance service STARS will receive CAD$65 million from the government to help replace its ageing EMS fleet. The Canadian government announced today in… Read more
PHI delisted from Nasdaq following Chapter 11news Alasdair Whyte 25 Mar 19 0Oil-and-gas helicopter operator PHI Helicopters has been delisted by the Nasdaq stock exchange after the firm filed for Chapter 11 on 14 March. PHI states… Read more
Bristow gains extension for late Q3 results, avoids loan defaultsnews Alasdair Whyte 20 Mar 19 0Oil-and-gas helicopter operator Bristow Group has managed to secure an extension until 15 April to file its delayed third-quarter results for 31 December 2018. The… Read more
Analysis: PHI files for Chapter 11 – what have we learnt? insight Alasdair Whyte 18 Mar 19 0Anyone with a passing interest in the large oil and gas helicopter operator market would not have been surprised that PHI has filed for Chapter 11. Primarily, PHI had… Read more
Steffen Bay new CEO of NHVnews Alasdair Whyte 15 Mar 19 0Belgium helicopter operator NHV Group has named Steffen Bay as its new chief executive, replacing former chief and founder Eric Van Hal. “Steffen brings a… Read more
DART Aerospace sold to private-equity backed buyer news Alasdair Whyte 15 Mar 19 0DART Aerospace, an aftermarket parts provider operating as a subsidiary of Eagle Copters, has been sold to private-equity firm Greenbriar Equity Group and First Aviation Services. The… Read more
Everett Aviation leases first S-92A from Lobo Leasingnews Alasdair Whyte 15 Mar 19 0East-African operator Everett Aviation has signed a lease deal for one new Sikorsky S-92A helicopter with Lobo Leasing. The S-92A is the first Sikorsky aircraft in the… Read more
PHI files for Chapter 11 as pressure from $500m note maturing hitsnews Alasdair Whyte 15 Mar 19 0PHI has filed for Chapter 11 in the US Bankruptcy Court for the Northern District of Texas just as its $500 million worth of unsecured notes were due to mature. The… Read more
Comment: Is Bristow as bad as it looks?insight Alasdair Whyte 5 Mar 19 0Bristow Helicopters is currently under intense market scrutiny stemming from its failure to file its third-quarter results for 31 December 2018 on time. “Material weaknesses”… Read more
Key shareholder calls PHI’s silence “troubling”, PHI responds.news Alasdair Whyte 27 Feb 19 0One of PHI’s largest shareholders Timothy Stabosz has penned an open letter to the helicopter operator asking it to address and rebut recent coverage of… Read more
Large O&G Helicopter Operators – Is 2019 the danger zone?news Alasdair Whyte 22 Feb 19 0“The danger point in any cycle is not when you’re at the top or the bottom, but when you’re just at the inflection point,” says… Read more
Bristow announces further Q3 report delays,details internal control ‘weaknesses’news Alasdair Whyte 19 Feb 19 0Bristow Group has announced that it is still working towards filings it final third-quarter results for the period ended 31 December 2018 due to needing… Read more
Waypoint sale approvednews Alasdair Whyte 19 Feb 19 0A New York bankruptcy judge has approved the sale of Waypoint Leasing’s assets – including most of its helicopters – to Macquarie Group and some… Read more
Bristow announces late Q3 results, cancels Columbia deal and announces CEO’s retirement on same daynews Alasdair Whyte 12 Feb 19 0Long considered a star of the offshore helicopter market until oil prices collapsed in August 2016, Bristow Group announced on 11 February the late filing… Read more
Workhorse secures $35 million fundingnews Alasdair Whyte 10 Jan 19 0Workhorse Group has secured $35 million in funding from investment management group Marathon Asset Management. Proceeds from the financing will be used for working capital,… Read more
CES 2019: VTOL Previewnews Alasdair Whyte 7 Jan 19 0Starting tomorrow, January 8, all eyes will be on Las Vegas to find out the latest in all things tech – including VTOLs. In 2018,… Read more
Helicopter company leasing rankings 2018news Alasdair Whyte 13 Dec 18 0After almost a year of slow business in the helicopter leasing space, 2018 closed with the largest independent helicopter lessor Waypoint Leasing being acquired by… Read more
UK Government invests £100+ million in new aerospace projectsnews Alasdair Whyte 12 Dec 18 0The UK government will be providing £125 million to aerospace manufacturers to boost research and technology in the sector. UK Business secretary Greg Clark has… Read more
Macquarie buys Waypoint Leasing for $650 millionnews Alasdair Whyte 8 Dec 18 0Macquarie is buying Waypoint Leasing for $650 million. Waypoint’s staff will join Macquarie Rotorcraft Leasing. The transaction is subject to bankruptcy court approval and expected… Read more
