Key shareholder calls PHI’s silence “troubling”, PHI responds.news Alasdair Whyte 27 Feb 19 0One of PHI’s largest shareholders Timothy Stabosz has penned an open letter to the helicopter operator asking it to address and rebut recent coverage of… Read more
Bristow announces further Q3 report delays,details internal control ‘weaknesses’news Alasdair Whyte 19 Feb 19 0Bristow Group has announced that it is still working towards filings it final third-quarter results for the period ended 31 December 2018 due to needing… Read more
Waypoint sale approvednews Alasdair Whyte 19 Feb 19 0A New York bankruptcy judge has approved the sale of Waypoint Leasing’s assets – including most of its helicopters – to Macquarie Group and some… Read more
Bristow announces late Q3 results, cancels Columbia deal and announces CEO’s retirement on same daynews Alasdair Whyte 12 Feb 19 0Long considered a star of the offshore helicopter market until oil prices collapsed in August 2016, Bristow Group announced on 11 February the late filing… Read more
Workhorse secures $35 million fundingnews Alasdair Whyte 10 Jan 19 0Workhorse Group has secured $35 million in funding from investment management group Marathon Asset Management. Proceeds from the financing will be used for working capital,… Read more
UK Government invests £100+ million in new aerospace projectsnews Alasdair Whyte 12 Dec 18 0The UK government will be providing £125 million to aerospace manufacturers to boost research and technology in the sector. UK Business secretary Greg Clark has… Read more
Waypoint Leasing confident it will be soldnews Alasdair Whyte 27 Nov 18 0Waypoint Leasing, which filed for Chapter 11 bankruptcy protection on Sunday, has said that it could be sold quickly. In a court filing the lessor… Read more
Waypoint Leasing in numbersnews Alasdair Whyte 27 Nov 18 0Waypoint Leasing, the world’s second largest helicopter leasing company filed for Chapter 11 on Sunday November 25. Size In October 2018, Waypoint valued its assets… Read more
Babcock’s £80 million impairment lower than expectednews Alasdair Whyte 22 Nov 18 0Babcock Group has taken an £80 million ($102 million) impairment charge on its oil ad gas helicopter transport business. Analysts had been expecting £100 million.… Read more
Why Thora Capital is rethinking helicopter investmentnews Alasdair Whyte 20 Nov 18 0Four years into the downturn, it is probably safe to say that the first Golden Age of helicopter leasing lasted for four years. It started… Read more
PHI shareholders suggest selling PHI Air Medical to cover debtnews Alasdair Whyte 13 Sep 18 0Two PHI’s shareholders have sent a letter to the company’s board of directors proposing PHI sell its air medical business to help refinance debt. The… Read more
Credit freeze hits helicopter marketinsight Alasdair Whyte 9 Sep 18 0Many people might find it hard to feel sympathy for bankers. Especially after 2008. But as the credit crunch shows, no industry can survive without… Read more
Waypoint starts negotiations with lenders over covenantsnews Alasdair Whyte 9 Sep 18 0Waypoint Leasing, the largest independent helicopter lessor, is in talks with banks to restructure loans. The lessor first held talks in June to warn lenders… Read more
Airbus to pay ERA $42 million in H225 settlementnews Alasdair Whyte 6 Jul 18 0Airbus has agreed to pay helicopter operator Era Group $42 million as compensation over the grounding of the H225. A significant amount of the aircraft… Read more
PHI buys back notes in preparation for new offernews Alasdair Whyte 5 Jul 18 0PHI Helicopters is nearing completion of a tender offer of an early buy-back of notes. These are those outstanding from a 2014 issue of $500… Read more
Blade raises $38 million, partners with Airbusnews Alasdair Whyte 23 Mar 18 0It has been a busy week for Blade. The privately-owned online helicopter charter company has raised $38 million from its second round of financing and… Read more
XTI upping share-offering pricenews Alasdair Whyte 14 Mar 18 0XTI Aircraft is planning to increase the price at which it is offering new shares by 50%. The Vtol start-up is preparing to submit papers… Read more
Bristow closes $350 million offeringnews Alasdair Whyte 9 Mar 18 0Bristow has completed its private $350 million notes offering, offering the group greater financial certainty though higher costs. The issue had initially been set as… Read more
Leonardo Helicopter reduces revolving credit by 200 million eurosnews Alasdair Whyte 16 Feb 18 0In response to its reduced liquidity needs, Leonardo Helicopters has signed a new revolving credit facility through a pool of 26 banks and bookrunners. The… Read more
LCI closes $55 million capital markets loannews Alasdair Whyte 13 Feb 18 0Lease Corporation International (LCI) has closed its first capital markets financing with a $55 million five-year loan. CIT Group and Prudential Capital Group led the… Read more
