GE Capital takes $700m Milestone goodwill impairmentnews Alasdair Whyte 3 Aug 20 0GE Capital has taken a $700m goodwill impairment in the second quarter of 2020 from its 2015 $1.7 billion acquisition of Milestone Aviation. A significant… Read more
Thora Capital buys six EMS helicopters from Milestonenews Alasdair Whyte 17 Jul 20 0 Thora Capital has bought six Emergency Medical Services helicopters from Milestone Aviation. The aircraft are on lease to US EMS operator Life Flight Network.… Read more
Take it from us: navigating an aviation business transformationinsight Alasdair Whyte 23 Jun 20 0Todd Wolynski, Partner at White & Case, and Oliver Althoff, Managing Director – North America at Seabury Securities, explain what aviation companies need to do… Read more
Bristow and Era Helicopters complete their mergernews Mike Stones 12 Jun 20 0Bristow Group and Era Helicopters have completed the merger, announced on January 24th 2020, to form “a financially stronger company with enhanced size and diversification”.… Read more
Banks ‘should review helicopter assets as Covid-19 precaution’news Mike Stones 9 Jun 20 0Banks should review the value of their helicopter assets as a means of mitigating risks arising from the Covid-19 global pandemic, warns Jean-Marc Youkhana, owner… Read more
Arena Investors launches joint venture with Washecka’s Intrinsic Aviationnews Alasdair Whyte 20 May 20 0Investment adviser Arena Investors has formed a joint venture with Intrinsic Aviation to invest in helicopter assets. Intrinsic Aviation was founded by Ed Washecka, former… Read more
Raymond James Investment Banking recruits aviation banker David Fowkesnews Mike Stones 20 May 20 0David Fowkes has joined Raymond James Investment Banking as MD and co-head of the Aviation and Aerospace sector team, Raymond James Investment Banking has strengthened… Read more
LCI, Thora Capital and Rive Private Investment co-invest $100mnews Alasdair Whyte 7 May 20 0Helicopter lessor LCI, asset manager Thora Capital and private equity firm Rive Private Investment have joined together to invest in nine helicopters worth more than… Read more
Lessons from the trenches: Tips from a leasing company’s Chapter 11insight Alasdair Whyte 14 Apr 20 0Todd Wolynski, partner at White & Case, looks at what he learnt as general counsel and chief administrative officer of Waypoint Leasing during its Chapter… Read more
Skyports extends Series A funding with Irelandia investmentnews Alasdair Whyte 12 Mar 20 0eVTOL infrastructure developer Skyports has extended its Series A venture capital funding round with an investment from Irelandia Aviation – bringing its total capital raised… Read more
Thora Capital closes first helicopter funding roundnews Alasdair Whyte 18 Nov 19 0Newcomer to the helicopter investor space Thora Capital has closed its initial helicopter funding round and revealed the details of its second transaction. So far,… Read more
Revenues up, orders down for Leonardo in Q3news Alasdair Whyte 11 Nov 19 0Leonardo saw mixed results in the third quarter, with revenues up 11% year-on-year at €9.1bn but commercial helicopter orders down drastically by 52%, buoyed only… Read more
Bristow Group emerges from Chapter 11 Bankruptcy protectionnews Alasdair Whyte 5 Nov 19 0Less than six months after filing for bankruptcy in May 2019, Bristow Group has successfully emerged from Chapter 11 Bankruptcy protection – having restructured its… Read more
LCI launches its first co-investment vehiclenews Alasdair Whyte 17 Oct 19 0 Helicopter lessor LCI has just launched its first helicopter co-investment vehicle, in partnership with a subsidiary of Paris-based investment firm Flexam Invest. The co-investment… Read more
Bristow receives court approval for reorganisation plannews Alasdair Whyte 9 Oct 19 0After a tumultuous six months, Bristow Group has been cleared to emerge from Chapter 11 following recent approval from the US Bankruptcy Court. The helicopter… Read more
Volocopter closes EUR 50 million financingnews Alasdair Whyte 9 Sep 19 0Volocopter has closed a EUR 50 million financing round led by Chinese automotive conglomerate Geely. The Series C financing more than doubles Volocopter’s capital. It… Read more
AE Industrial Partners completes acquisition of Columbianews Alasdair Whyte 2 Sep 19 0AE Industrial Partners has completed its acquisition of heavy-lift helicopter operator Columbia Helicopters. The private equity firm first announced its intention to acquire Columbia in… Read more
Bristow announces $75 million tender offernews Alasdair Whyte 13 Aug 19 0Bristow Group has announced a cash tender offer to purchase $75 million of its secured notes maturing in 2023. The tender offer to purchase the… Read more
Leonardo reports 34% increase in orders in H1 2019news Alasdair Whyte 5 Aug 19 0Buoyed in part by helicopter sales, Leonardo has seen a 34% increase in new orders across all of its segments (helicopters, defence electronics & security,… Read more
Bristow finalizes $385 million debt for equity swapnews Alasdair Whyte 29 Jul 19 0Bristow, the helicopter operator currently in Chapter 11 protection, has entered into a backstop commitment agreement with several of its noteholders for a $385 million… Read more
