Uber Elevate day one roundup
It is fitting that the third Uber Elevate Summit is taking place in Washington D.C – because this time it’s all about the regulators. Whilst the usual VTOL OEMs, Uber executives and drone specialists...
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Uber announces helicopter booking service
Uber is breaking into aviation. It started with the revealing of Uber Elevate, future plans for VTOL ride-hailing services and even drone-powered food deliveries. And now, today the company has announced that it has...
Bristow signs new offshore contract amidst Chapter 11 proceedings
Amidst the process of Chapter 11 bankruptcy, Bristow has secured a new five-year contract to fly workers to and from BP’s offshore oil rigs in the North Sea. The contract commenced on 13 May...
OEM orders and deliveries at EBACE 2019
The European Business Aviation Convention and Exhibition (EBACE) is never really the go-to event for the civil helicopter market outside of those VIP-niche companies – but key OEMs are always in attendance and announce...
Bristow files for Chapter 11
Bristow Group voluntarily filed for Chapter 11 protection in the U.S. Bankruptcy Court for the Southern District of Texas on 11 May. The oil-and-gas helicopter operator says it intends to use the proceedings to restructure...
Scott Thanisch, CHC: We need to “build sustainability”
Scott Thanisch, CHC’s chief financial officer and senior vice president, joined the company in 2016 knowing that it was a tough time for helicopter operators. CHC filed for Chapter 11 in 2016 and emerged...
Comment: Do Bristow and PHI’s woes herald years of uncertainty for O&G operators?
Chess is arguably overused as a metaphor for business strategy, but actually is quite apt for the difficulties oil-and-gas helicopter operators find themselves facing in 2019, and which may continue for years to come....
Bristow pushes 10-Q deadline, considers bankruptcy
Bristow Group has pushed back its 10-Q filing deadline and is considering US Chapter 11 bankruptcy – according to a recent SEC Filing. The offshore helicopter operator has racked up significant debt and...
Are eVTOLs sustainable?
The University of Michigan and car manufacturer Ford have released a study suggesting that eVTOL vehicles will have a greater impact on the environment than electric cars. The study notes that, whilst eVTOLs are...
Carlyle Group completes purchase of StandardAero
Repair and overhaul company StandardAero has been acquired by global investment firm The Carlyle Group. The company was purchased for an undisclosed amount (estimated at approximately $5 billion – including debt) from Veritas Capital...
