HI Uplift: Helicopter Investor takes off on social media
Sikorsky’s plans for its S-92A heavy helicopter, a senior appointment at Bell Flight and Bristow’s financial results proved three of the most popular posts on Helicopter Investor’s LinkedIn site last year.
A renewed commitment to manufacture and support S-92A commercial helicopters was one of the most popular posts on the social networking platform. Following industry concern about the future of the S-92, which plays a key role in the offshore oil and gas sector and in other heavy lift roles, Leon Silva, vice president of Sikorsky’s Global Commercial and Military Systems told Helicopter Investor last month: [SAR]
The Lockheed Martin company also has three S-92As in production at West Palm Beach, Florida and demand is rising.
Helicopter lessor Milestone Aviation told us a number of S-92s were approaching the end of their primary mission life in the oil and gas sector. Pat Sheedy, president and CEO, told our HI Finance Forum at the European Rotors event in Madrid in November that from 2024/2025, the first S-92s will reach 20 years of age. That’s the limit oil companies regard as the end of helicopters’ primary mission, he said. Milestone estimates between 10 to 15 S-92s will hit that 20-year cut off every year from 2025 onwards.
Staying with helicopter manufacturers, Bell Textron’s appointment of Jacinto Monge as MD of its Commercial Business in Europe also proved popular on LinkedIn. Commenting on his appointment last autumn, Monge said:
Monge previously served as MD for Bell, Asia-Pacific and as the representative director for Bell in Japan. In this role, he led Bell’s commercial business in China, Japan, Korea, India, South East Asia and the Pacific.
From manufacturers to operators, Bristow Group’s third quarter (Q3) 2023 financial results excited interest from HI’s LinkedIn users. The company had passed Chris Bradshaw, president and CEO told a Q3 analysts call. Bristow had just posted net income of $4.3m ($0.15 per diluted share) in Q3 compared with a net loss of $1.6m ($0.06 per diluted share) in Q2.
” said Bradshaw. Bristow raised the company’s full-year 2023 adjusted EBITDA guidance range to $165m-$175m.
Our post reporting awards for Bristow’s UK SAR missions attracted a similar interest from users of the social networking platform. Its latest award, the Prince Philip Helicopter Rescue Award for 2023, was made in recognition of its mission to save the crew of a yacht in distress off the Lizard rocks on the UK’s south west coast.
Graham Hamilton, UK SAR director for the operator said after the award: followed previous accolades including: the Collins Aerospace 2023 Rescue of the Year, the Edward and Maisie Lewis Award for Outstanding Air-Sea Rescue and the Silver Medal Service Certificate on Vellum from the Royal National Lifeboat Institution (RNLI).
Other popular posts included our reports on the aftermath of Air Methods’ decision to file for Chapter 11 bankruptcy protection and a deal between Airbus Helicopters and PHI. Our posts on Air Methods – which included industry insight on what lay behind its decision and what might happen next – featured Alastair Fallon, director and senior appraiser at valuation business F4 Fly Fast Further First. He told us: I
Finally, our post in September about Airbus Helicopters and PHI Group signing a 28-helicopter agreement that included 20 super-medium H175s and eight H160s to serve energy markets worldwide commanded widespread interest on LinkedIn. The deal included both firm orders plus purchase options that PHI may exercise during the course of the agreement. Scott McCarty, CEO, PHI Group said.
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