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
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
