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
Why Thora Capital is rethinking helicopter investmentnews Alasdair Whyte 20 Nov 18 0Four years into the downturn, it is probably safe to say that the first Golden Age of helicopter leasing lasted for four years. It started… Read more
Babcock expected to take a £100 million Avincis hitnews Alasdair Whyte 19 Nov 18 0Babcock Group is expected to take a £100 million hit on the value on its helicopter business – Babcock Mission Critical Systems – when it… Read more
PHI shareholders suggest selling PHI Air Medical to cover debtnews Alasdair Whyte 13 Sep 18 0Two PHI’s shareholders have sent a letter to the company’s board of directors proposing PHI sell its air medical business to help refinance debt. The… Read more
Milestone leases five H145s to Aramconews Alasdair Whyte 10 Sep 18 0GECAS’s leasing company Milestone Aviation and Airbus helicopters have signed a contract to provide five H145 helicopters to Saudi offshore oil company Aramco Overseas Company.… Read more
Credit freeze hits helicopter marketinsight Alasdair Whyte 9 Sep 18 0Many people might find it hard to feel sympathy for bankers. Especially after 2008. But as the credit crunch shows, no industry can survive without… Read more
Waypoint starts negotiations with lenders over covenantsnews Alasdair Whyte 9 Sep 18 0Waypoint Leasing, the largest independent helicopter lessor, is in talks with banks to restructure loans. The lessor first held talks in June to warn lenders… Read more
Waypoint leases three AW169s to Taiwannews Alasdair Whyte 24 Jul 18 0Waypoint Leasing has delivered three new AW169s on lease to Taiwanese operator Emerald Pacific Airlines. This delivery represents the first time that Waypoint has delivered… Read more
Airbus to pay ERA $42 million in H225 settlementnews Alasdair Whyte 6 Jul 18 0Airbus has agreed to pay helicopter operator Era Group $42 million as compensation over the grounding of the H225. A significant amount of the aircraft… Read more
PHI buys back notes in preparation for new offernews Alasdair Whyte 5 Jul 18 0PHI Helicopters is nearing completion of a tender offer of an early buy-back of notes. These are those outstanding from a 2014 issue of $500… Read more
LCI leases three AW139s to Chinanews Alasdair Whyte 3 Jul 18 0Lease Corporation International has placed its first helicopters in China, leasing three new Leonardo AW139s to Shanghai Kingwing Aviation. To help tap into increasing demand… Read more
Waypoint Leasing: New Horizonsinsight Alasdair Whyte 4 Jun 18 0Waypoint, the world’s largest independent helicopter lessor, recently celebrated its five-year anniversary, having weathered one of the worst downturns in the history of the helicopter… Read more
Milestone completes purchase and leaseback for four S-92snews Alasdair Whyte 1 Jun 18 0Milestone has purchased four Sikorsky S-92s which it will lease back to the seller. This brings the GE-owned lessor’s fleet of S-92s to 95 –… Read more
