PHI files Chapter 11 plan for $630m debt-to-equity swapnews Alasdair Whyte 4 Apr 19 0Oil-and-gas helicopter operator PHI has filed a Chapter 11 plan that proposes a more than $630 million debt-for-equity swap in an effort to trim its… Read more
Canadian Helicopters gets $8 million term loannews Alasdair Whyte 4 Jan 18 0HNZ Group subsidiary Canadian Helicopters has received an $8 million loan from investment firm Crown Capital Partners. The term loan closed on 29 December –… Read more
HNZ acquisition completednews Alasdair Whyte 3 Jan 18 0HNZ has now officially been acquired by by its CEO Don Wall and Louisiana operator PHI, Inc. As a result, HNZ shares will be voluntarily… Read more
HNZ Group agrees to be acquired by CEO and sell offshore operations to PHInews Alasdair Whyte 2 Nov 17 0HNZ Group is proposing to sell all of its outstanding shares to Don Wall, its president and CEO, for $188.8 million. Louisana-based operator PHI would… Read more
HNZ sees stagnant second quarter, shifts towards offshorenews Alasdair Whyte 24 Aug 17 0Canadian helicopter services company HNZ Group’s second quarter has been stagnant, seeing slight decreases in revenue and net income for the period but an increase… Read more
HNZ Group and PHI supply four S-92s to INPEXnews Alasdair Whyte 7 Feb 17 0HNZ Group has partnered with PHI Inc to supply four S-92s to INPEX, Japan’s largest oil and gas exploration and production company. The PHI aircraft… Read more
HNZ expands through creation of Acasta HeliFlightnews Alasdair Whyte 9 Mar 16 0HNZ Group has taken a majority shareholding Acasta HeliFlight. HNZ has invested approximately 3.4 million Canadian Dollars. The new company is being led by Adam… Read more
HNZ Group invests in Norsk Helikopterservice ASnews Terry Spruce 3 Jun 15 0HNZ Group has acquired an interest in Norsk Helikopterservice AS (NHS). NHS’s offshore operations provide crew transport to oil and gas customers. It currently operates… Read more
