Vertical losses rise to $17.1m in first half of 2024news Fayaz Hussain 22 Sep 24 0Vertical Aerospace announced financial results for the first half of 2024 wherein it reported a net loss of $17.1m, up 45% year-over-year from $11.7m in… Read more
Investec & RIVE agree finance deal for 12 HEMS helisnews Mike Stones 19 Sep 24 0Investec Aviation Finance has partnered with RIVE Private Investment on a 12-aircraft financing deal to support helicopter emergency medical services (HEMS) in France and Spain.… Read more
HI Uplift: Avincis wins €305m SAR contract from Spanish govtnews Mike Stones 13 Sep 24 0Aerial emergency service operator Avincis has won a five-year contract extension for maritime search-and-rescue (SAR) missions from the Spanish government. The new contract, valued at… Read more
HI Uplift: US EMS market reshaped by No Surprises Actnews Mike Stones 30 Aug 24 0It seemed such a good idea. The US No Surprises Act [NSA] of 2022 aimed to protect patients against surprise medical bills from an out-of-network provider… Read more
LCI delivers two new AW139s to Babcock Australasia for EMS opsnews Mike Stones 30 Aug 24 0LCI has delivered two new Leonardo AW139 helicopters to Babcock Australasia for emergency medical services (EMS) missions across the Torres Strait and the Northern Peninsula… Read more
CHC Helikopter Service wins new contract with DNO for North Sea opsnews Mike Stones 29 Aug 24 0CHC Helikopter Service, the Norwegian division of CHC Helicopter, has signed a new contract with oil and gas operator DNO extending its support for operations… Read more
HI Uplift: Milestone puts firefighting S-92s to worknews Mike Stones 19 Aug 24 0It’s a marriage made, if not in heaven, then at least in fire-torn skies. As wildfires worldwide intensify, lessor Milestone Aviation and Helitak Fire Fighting… Read more
LCI leases two H145D3s including first direct lease to end-usernews Mike Stones 13 Aug 24 0Operating lessor LCI has agreed leases for two new H145D3 helicopters, including its first direct lease to an end-user – energy company Santos. The second… Read more
WFW advised on Bristow’s €100m loan to acquire five SAR AW189snews Mike Stones 12 Aug 24 0Watson Farley Williams (WFW) advised National Westminster Bank and UK Export Finance (UKEF) on an €100m ($109.23m) Export Development Guarantee term loan granted to Bristow… Read more
LCI Analytics: ‘Helicopter market could further tighten on market turbulence’news Mike Stones 9 Aug 24 0Gloomy economic data is pointing towards volatile times ahead, writes Steve Robertson, MD, LCI Analytics. The affect on the civil helicopter market will depend on… Read more
Milestone agrees sale and leaseback with PHI for one Airbus H175news Mike Stones 7 Aug 24 0Milestone Aviation has signed a sale and leaseback agreement for one super-medium Airbus H175 helicopter with PHI Aviation. Recently delivered to PHI in Australia, the… Read more
Bristow beats expectations on Q2 revenue growth; lifts outlooknews Fayaz Hussain 7 Aug 24 0Bristow Group’s revenue in the second quarter of 2024 rose 6.7% year-over-year to $359.7m from $337.1m in the same period last year from higher utilisation… Read more
HI Uplift: CHC Helicopter learns lessons from the pastnews Mike Stones 1 Aug 24 0Has CHC Helicopter’s business returned to pre-Covid levels? Not bad for an opening question, I thought. But Kevin Spengler, the firm’s senior vice president, Helicopter… Read more
Airbus Helicopters first-half revenue stays flatnews Fayaz Hussain 31 Jul 24 0Airbus Helicopters reported a challenging first half (H1) of 2024, with revenue remaining stagnant at €3.2bn despite a significant drop in helicopter deliveries. Compared with… Read more
PHI MRO signs lease agreement with New York Helicopternews Mike Stones 26 Jul 24 0PHI MRO Services has signed a new lease agreement for one Bell 407 with tour and charter company New York Helicopter. As part of the… Read more
GDHF leases AW189K to Omni for O&G missions in Brazilnews Mike Stones 23 Jul 24 0New rotary leasing and finance company GD Helicopter Finance (GDHF) has delivered a leased AW189K super-medium aircraft to Omni Helicopters International for offshore oil and… Read more
HI Uplift: Heli help for a planet ‘literally on fire’. (Shame about rates) news Mike Stones 22 Jul 24 0Demand for firefighting helicopters has never been greater. Both the number and intensity of wildfires worldwide is fuelling the need for more aerial support –… Read more
Textron Bell second-quarter revenue rises 13%news Fayaz Hussain 18 Jul 24 0Textron Bell second-quarter revenue grew by 13% year-over-year to $794m compared with $701m in the same period last year. “In the [second] quarter, our team… Read more
Signia Aerospace to acquire Goodrick Hoist & Winchnews Mike Stones 11 Jul 24 0Signia Aerospace is acquiring helicopter rescue equipment specialist Goodrick Hoist & Winch. Read more
Aero Asset research reveals rising HI sales of pre-owned single-engine helisnews Mike Stones 8 Jul 24 0Aero Asset’s latest research reveals rising global sales of pre-owned single-engine helicopters. Read more
