HI Uplift: UK competition watchdog CMA probes Macquarie dealnews Mike Stones 10 Oct 25 0We can only hope that the UK Competition and Markets Authority (CMA) has got a better crystal ball when considering the acquisition of Macquarie Rotorcraft… Read more
UK competition regulator to study SMFL LCI Helicopters’ Macquarie acquisitionnews Mike Stones 7 Oct 25 0The UK competition watchdog – the Competition and Markets Authority (CMA) – is to probe the acquisition by SMFL LCI Helicopters Limited (SMFLH) of Macquarie… Read more
CHC Group completes $500m recapitalisation plannews Mike Stones 22 Aug 22 0Helicopter services provider CHC Group has completed its $500m recapitalisation plan, designed to cut funded debt obligations by up to $500m. “A substantial portion” of… Read more
CHC acquires Babcock’s $10m oil and gas businessnews Alasdair Whyte 1 Sep 21 0CHC Group has completed its acquisition of Babcock International’s $10m oil and gas business. Through the deal, CHC will increase its crew transportation capacity and… Read more
CHC Group to acquire Babcock’s oil and gas businessnews Alasdair Whyte 11 Mar 21 0CHC Group has entered into a conditional agreement for the acquisition of the oil and gas aviation business of Aberdeen-based Babcock International Group. Babcock transports… Read more
Karl Fessenden steps down as CEO of CHCnews Alasdair Whyte 24 Jul 19 0CHC Group is searching for a new CEO to replace Karl Fessenden who has resigned, effective from August 2nd, to explore new opportunities outside the… Read more
CHC Group expands in Brazilnews Alasdair Whyte 5 Apr 18 0CHC Group has opened a new Latin American base at Bartolomeu Lisandro Airport in Campos, Brazil. The facility, which was opened on 2 April, is… Read more
CHC hires new general counselnews Alasdair Whyte 9 Feb 18 0CHC Group has appointed Imran Hayat to act as general counsel. The Group’s board confirmed that Mr Hayat will be assuming the role permanently after… Read more
CHC Group appoints new CFOnews Alasdair Whyte 12 Dec 17 0CHC Group has appointed Scott Thanisch as its new chief financial officer and senior vice president. Thanisch (pictured right) has served as the Group’s interim… Read more
Moody’s downgrades CHC Group following Chapter 11 bankruptcy filingnews Alasdair Whyte 6 May 16 0Credit ratings agency Moody’s has downgraded CHC Group’s probability of default rating to D-PD (definitive probability of default) from a more favourable Ca-PD rating. The… 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 cutting costs and building capital as oil stays lownews Alasdair Whyte 18 Mar 15 0CHC Helicopters is cutting costs and looking to strengthen its balance sheet to cope with low oil prices. CHC Group, the owner of CHC Helicopter,… Read more
CHC Group announces cancellation of rights offeringnews Terry Spruce 27 Nov 14 0The CHC Group Ltd, the parent of CHC Helicopter, has cancelled a rights offering of preferred shares in the company that had been made to… Read more
Waypoint Leasing acquires 31 helicopters from First Reservenews Terry Spruce 4 Nov 14 0Waypoint Leasing will surpass $1 billion of assets as the company acquires 31 helicopters from First Reserve, the largest global private equity and infrastructure investment… Read more
CHC Group receives $500m investmentnews Alasdair Whyte 9 Sep 14 0Clayton, Dubilier & Rice, a private equity firm, is investing $500 million in CHC Group, one of the world’s largest commercial helicopter operators. The investor… Read more
