EAA AirVenture round-upnews Alasdair Whyte 6 Aug 19 0From July 22-28 this year, legacy and experimental aviation companies were strutting their stuff, exhibiting their aircraft and ideas at the Experimental Aircraft Association (EAA)… Read more
Qinetiq reviews Bristow SAR contractnews Alasdair Whyte 1 Aug 19 0A recent independent review by British defence company Qinetiq has praised the transition of the UK’s search and rescue helicopter (SARH) services to the civil… Read more
The silver lining to Franky Zapata’s cross-Channel flight cloudnews Alasdair Whyte 30 Jul 19 0Franky Zapata, the flying enthusiast who attempted to cross the English Channel on his personal VTOL on July 25, has been unsuccessful. The VTOL –… 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
Karl Fessenden steps down as CEO of CHCnews Alasdair Whyte 24 Jul 19 0CHC Group is searching for a new CEO to replace Karl Fessenden who has resigned, effective from August 2nd, to explore new opportunities outside the… Read more
Columbia Helicopters acquired by AE Industrial Partnersnews Alasdair Whyte 19 Jul 19 0Columbia Helicopters has sold a majority holding in itself to private equity firm AE Industrial Partners, four months after the collapse of its planned sale… Read more
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
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, “business as usual” and buyoutsnews Alasdair Whyte 1 Jul 19 0Amidst its current Chapter 11 proceedings, Bristow Group has embodied the ‘business as usual’ approach. Within the last week, it has secured new financing from… Read more
Exclusive interview: Eviation’s co-founder and CEO Omer Bar-Yohaynews Alasdair Whyte 1 Jul 19 0In 2017, electric aircraft start-up Eviation displayed a technology demonstrator at the Paris Air Show. In 2019, it returned with an airworthy prototype all-electric aircraft… Read more
CHC secures new offshore contract with Wintershall Deanews Alasdair Whyte 28 Jun 19 0Helicopter operator CHC has secured a new offshore contract to provide helicopter transport for the recently-merged Wintershall Dea to and from oil rigs in the… Read more
Bristow belatedly releases 10-Q and 10-K updatesnews Alasdair Whyte 24 Jun 19 0After months of delays in filing its final 10-Q and 10-K reports due to suspicions of impropriety, helicopter operator Bristow has finally published its delayed… Read more
Signature Flight Support will be Uber Elevate’s eyes on the groundnews Alasdair Whyte 17 Jun 19 0Signature Flight Support and Uber Elevate announced a nationwide partnership at the Uber Elevate Summit, in Washington D.C. earlier this week. Signature will facilitate ground-based… Read more
Pipistrel Vertical Solutions launches first eVTOL conceptnews Alasdair Whyte 13 Jun 19 0Pipistrel Vertical Solutions – a Pipistrel company – unveiled its first eVTOL model 801 at the Uber Elevate summit, in Washington D.C. this week. This… Read more
New York helicopter crash raises security questions about flying over citiesnews Alasdair Whyte 12 Jun 19 0Panic in New York streets on Monday when a twin-engine Agusta A109E burst into flames on crashing into the AXA Equitable Centre in New York… Read more
Uber Elevate day one roundupnews Alasdair Whyte 12 Jun 19 0It 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… Read more
Uber announces helicopter booking servicenews Alasdair Whyte 6 Jun 19 0Uber 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… 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
