New Money: Thora Capital closes first fund and heli transactionnews Alasdair Whyte 17 Jul 19 0It may seem like an odd time to invest in the helicopter market that is now five years into a downturn, but a new asset… Read more
LCI closes $135 million facilitynews Alasdair Whyte 17 Jul 19 0Following the closing of a $75 million facility with CaixaBank announced last week, helicopter lessor LCI has gone further and closed a $135 million asset-backed… Read more
LCI closes $75 million asset-backed facilitynews Alasdair Whyte 9 Jul 19 0In the midst a down market where consolidation and oversupply are the main words on the tongue, helicopter lessor Lease Corporation International (LCI) has just… Read more
Rostec wants to invest $600 million in Russian civil aviation projectsnews Alasdair Whyte 8 Jul 19 0 Last week, the biggest players in Russian commerce met for the St. Petersburg International Economic Forum 2019 (SPIEF 2019) to discuss the key economic… Read more
Bristow signs $150 million DIP commitmentnews Alasdair Whyte 5 Jul 19 0Bristow announced this week that it has signed a new debtor-in-possession (DIP) commitment to provide a new debt facility worth $150 million. The process is… Read more
Bristow signs new offshore contract amidst Chapter 11 proceedingsnews Alasdair Whyte 4 Jun 19 0Amidst 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… Read more
Airbus delivers first of two ACH145s to superyacht ownernews Alasdair Whyte 28 May 19 0Airbus has announced the delivery of the first of two ACH145s to a private customer to fly to and land on superyachts. At EBACE 2019… Read more
Bristow files for Chapter 11news Alasdair Whyte 13 May 19 0Bristow 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… Read more
Comment: Do Bristow and PHI’s woes herald years of uncertainty for O&G operators?insight Alasdair Whyte 24 Apr 19 0Chess 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… Read more
Bristow pushes 10-Q deadline, considers bankruptcynews Alasdair Whyte 17 Apr 19 0 Bristow Group has pushed back its 10-Q filing deadline and is considering US Chapter 11 bankruptcy – according to a recent SEC Filing. The… Read more
Volocopter partners with Honeywell to develop VTOL landing systemsnews Alasdair Whyte 10 Apr 19 0Volocopter has signed an agreement with aviation services company Honeywelll to develop new automatic take-off and landing systems for Volocopter’s VTOL aircraft. Honeywell is breaking… Read more
Carlyle Group completes purchase of StandardAeronews Alasdair Whyte 8 Apr 19 0Repair and overhaul company StandardAero has been acquired by global investment firm The Carlyle Group. The company was purchased for an undisclosed amount (estimated at… Read more
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
EHang delays IPO, turns to venturenews Alasdair Whyte 3 Apr 19 0EHang has delayed its plans for an initial public offering (IPO), turning instead to venture capital – hoping to raise up to $200 million privately.… Read more
Another law firm opens case against Bristownews Alasdair Whyte 3 Apr 19 0New York-based Faruqi & Faruqi is the latest law firm to climb on the class-action bandwagon to launch a class-action law suit against Bristow Group.… Read more
Government gives STARS $65 million for new helicoptersnews Alasdair Whyte 26 Mar 19 0Non-profit air ambulance service STARS will receive CAD$65 million from the government to help replace its ageing EMS fleet. The Canadian government announced today in… Read more
Bristow gains extension for late Q3 results, avoids loan defaultsnews Alasdair Whyte 20 Mar 19 0Oil-and-gas helicopter operator Bristow Group has managed to secure an extension until 15 April to file its delayed third-quarter results for 31 December 2018. The… Read more
Steffen Bay new CEO of NHVnews Alasdair Whyte 15 Mar 19 0Belgium helicopter operator NHV Group has named Steffen Bay as its new chief executive, replacing former chief and founder Eric Van Hal. “Steffen brings a… Read more
DART Aerospace sold to private-equity backed buyer news Alasdair Whyte 15 Mar 19 0DART Aerospace, an aftermarket parts provider operating as a subsidiary of Eagle Copters, has been sold to private-equity firm Greenbriar Equity Group and First Aviation Services. The… Read more
PHI files for Chapter 11 as pressure from $500m note maturing hitsnews Alasdair Whyte 15 Mar 19 0PHI has filed for Chapter 11 in the US Bankruptcy Court for the Northern District of Texas just as its $500 million worth of unsecured notes were due to mature. The… Read more
