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
What went wrong at Waypoint Leasing?news Alasdair Whyte 5 Dec 18 0When Waypoint Leasing launched in 2014 it appeared to have all the ingredients that a business needs to succeed. There was an experienced management team… Read more
LCI strengthens its team with major technical and legal hiresnews Terry Spruce 29 Nov 18 0Lease Corporation International (LCI), the aviation division of the Libra Group, has further strengthened its operation with the appointments of John Gumulak as Technical Director… Read more
Bloomberg says GE shares fell because of analyst concerns about helicopter leasingnews Alasdair Whyte 27 Nov 18 0Bloomberg is reporting that GE shares fell 4% over concerns about Milestone Aviation, following Waypoint Leasing’s filing for Chapter 11. GE Capital Aviation Services acquired… Read more
Waypoint Leasing confident it will be soldnews Alasdair Whyte 27 Nov 18 0Waypoint Leasing, which filed for Chapter 11 bankruptcy protection on Sunday, has said that it could be sold quickly. In a court filing the lessor… Read more
Waypoint Leasing in numbersnews Alasdair Whyte 27 Nov 18 0Waypoint Leasing, the world’s second largest helicopter leasing company filed for Chapter 11 on Sunday November 25. Size In October 2018, Waypoint valued its assets… Read more
Waypoint Leasing files for Chapter 11 bankruptcy protectionnews Alasdair Whyte 25 Nov 18 0Waypoint Leasing, the world’s second largest helicopter leasing company, has filed for Chapter 11 bankruptcy protection. The company filed at the US Bankruptcy Court for… Read more
Why 2018 is a year of change for helicopter leasinginsight Alasdair Whyte 24 Nov 18 0The year 2014 was clearly the top of the cycle, 2018 is now showing all the signs of being the turning point for offshore helicopters.… Read more
Babcock’s £80 million impairment lower than expectednews Alasdair Whyte 22 Nov 18 0Babcock Group has taken an £80 million ($102 million) impairment charge on its oil ad gas helicopter transport business. Analysts had been expecting £100 million.… Read more
