Eve Air Mobility secures $50m loan from Citinews Fayaz Hussain 29 Oct 24 0Eve Air Mobility has secured a $50m loan from Citibank N.A. to further its aircraft research and development programme. This additional funding, coupled with the… Read more
HI Uplift: Lobo Leasing’s first decadenews Alasdair Whyte 28 Oct 24 0Lobo Leasing has just celebrated the 10-year anniversary of closing its first helicopter acquisition. It has been a fascinating decade, both for Lobo and for… Read more
Columbia Helicopters hires Chris Vandersteen as CFOnews Mike Stones 28 Oct 24 0Tandem rotor specialist Columbia Helicopters has appointed Chris Vandersteen to the role of chief financial officer (CFO). Starting today, Vandersteen will lead the company’s financial… Read more
Bell Textron revenue rises 23% YoY in Q3news Fayaz Hussain 25 Oct 24 0Bell Textron revenue in the third-quarter (Q3) surged 23% to $929m, driven by increased commercial and helicopter sales. The military volume increase was largely attributable… Read more
Bell names JGAS as authorised reseller in Japannews Mike Stones 18 Oct 24 0Bell Textron has appointed Japan General Aviation Service (JGAS) as the new Bell 505 authorised reseller in Japan. This appointment is designed to continue the… Read more
WFW advises Investec on 12 helicopter refinancing dealnews Mike Stones 30 Sep 24 0Law firm Watson Farley & Williams (WFW) has advised Investec Bank on financing 10 Airbus H135 and two Leonardo AW109 helicopters for RIVE Private Investment.… Read more
CHC Brazil wins new contracts with Petrobras and opens new hangarnews Terry Spruce 23 Sep 24 0CHC Brasil, part of CHC Helicopter, has started operations from a new hangar at Maricá Airport, after winning four new contracts with the state-owned energy… Read more
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
