Universal Avionics upgrades Sultan’s S-76Bnews Terry Spruce 27 Jun 16 0Universal Avionics is providing advanced avionics for two Sikorsky S-76B helicopters operated by His Majesty the Sultan of Johor’s Royal Flight. The upgrade provides three… Read more
Erickson hires Imperial Capitalnews Terry Spruce 10 Jun 16 0Erickson Incorporated has hired Imperial Capital, a full-service investment bank, to explore strategic alternatives for the company. In addition to Imperial’s capital markets expertise, it… Read more
Avinco launches US subsidiary Avinco Americas Corpnews Terry Spruce 7 Jun 16 0Avinco has launched Avinco Americas Corporation (AAC), with an office in Manhattan, New York. The US office has been set up to support the expansion… Read more
Waypoint closes further $37 million in revolving creditnews Alasdair Whyte 12 May 16 0Waypoint Leasing has closed a further $37 million revolving credit facility with KeyBank’s Speciality Finance Lending unit. The company’s total revolving facility with KeyBank has… Read more
CHC May Cut Fleet By Two Thirdsinsight Alasdair Whyte 11 May 16 0It is less than a week since CHC filed for bankruptcy protection – so too early to see exactly how the company will look when… Read more
Matthew Harvey joins Gowling WLG from Dentonsnews Alasdair Whyte 10 May 16 0Leading helicopter lawyer Matthew Harvey has joined Gowling WLG as a partner. He joins from Dentons where he became a partner in 2000. Harvey specialises… Read more
CHC Group files for Chapter 11 bankruptcy protectionnews Alasdair Whyte 5 May 16 0Offshore helicopter operator CHC Group has filed for Chapter 11 bankruptcy protection to allow it time to restructure its financial assets. The company said it… Read more
CHC sets hard deadlineinsight Alasdair Whyte 21 Apr 16 0CHC Group, one of the world’s two largest helicopter operators, this week announced that it had decided not to make an interest payment on its… Read more
Helicopter leasing company debt transactionsnews Alasdair Whyte 20 Apr 16 0Borrower: Waypoint Leasing Date: 19 April 2016 Size: $100 million Structure: Secured loan Term: Six years Notes: Can be drawn in dollars, euros and sterling.… Read more
Aerochine Aviation purchases Bell 407GXPnews Alasdair Whyte 19 Apr 16 0Bell has announced the sale of a Bell 407GXP to Aerochine Aviation at the ABACE convention in Shanghai. The aircraft will be outfitted for corporate… Read more
Another $100M for Waypoint takes total financing to more than $1.85 Billionnews Alasdair Whyte 19 Apr 16 0Waypoint Leasing has closed on a $100 million term loan facility led by Lombard North Central Plc, providing for dollar, euro and sterling funding capacity… Read more
Waypoint Leasing closes $100 million term loannews Terry Spruce 19 Apr 16 0Waypoint Leasing has closed a $100 million term loan facility led by Lombard North Central Plc. The facility has a maturity of approximately six years… Read more
Bristow announces senior redundancies during “challenging times”news Alasdair Whyte 18 Apr 16 0Bristow Group today announced the departure of Jeremy Akel, senior vice-president and chief operating officer, Mike Imlach, vice-president of global operations and Mike Sim, vice-president… Read more
Milestone delivers Omni H225 to Bond Offshore Helicoptersnews Alasdair Whyte 7 Apr 16 0Leasing company Milestone has delivered a new Airbus H225 to Bond Offshore Helicopters, who will put it to work on the North Sea. The helicopter… Read more
Indian government tourism website to sell Pawan Hans flight ticketsnews Alasdair Whyte 29 Mar 16 0The Indian Railway Catering and Tourism Corporation (IRCTC) and air operator Pawan Hans have partnered to allow flight passengers to book tickets through the IRCTC website. The two organisations… Read more
Helis In Dubai, Voce Wins Director Fight CHC Restructuringinsight Alasdair Whyte 24 Mar 16 0Alud Davies reports from Helicopter Investor Dubai 2016. At the start of Helicopter Investor Dubai 2016 we asked all attendees: “How optimistic are you about… Read more
Public helicopter finance transactionsnews Alasdair Whyte 23 Mar 16 0Borrower: Waypoint Leasing Date: October 2015 Structure: Unsecured revolving credit facility increase Lenders: Deutsche Bank and Goldman Sachs & Co (existing lead arrangers SunTrust Robinson… Read more
Helicopter Leasing 2015: Debt for lessors reviewnews Alasdair Whyte 23 Mar 16 0 Helicopter leasing companies successfully raised more than $650 million in 2015. Although this was down on 2014 and 2013, this mainly reflected GE’s acquisition of… Read more
Air Methods adds Voce Capital Management director to boardnews Alasdair Whyte 23 Mar 16 0Air Methods, the largest air medical operator in the US has added Joseph Whitters as a director representing activist investor Voce Capital Management. The investor,… Read more
JSSI launches parts-only program for AW139 and Bell 429news Terry Spruce 7 Mar 16 0JSSI has launched its parts-only program for the Finmeccanica (formerly AgustaWestland) AW139 and the Bell 429 helicopters. “Last year we introduced the parts-only program for… Read more
