2-Sep-2024Source: SkyDrive
SkyDrive Inc. (“SkyDrive”), a leading eVTOL (*1) aircraft manufacturer based in Japan, announced the completion of another additional Series C funding round, secured through a third-party allocation of new shares to four organizations. With this latest investment, the company has raised a total of eight billion yen across three additional Series C funding rounds. Investors... Read more
14-Aug-2024Source: Joby Aviation
Joby Aviation, Inc. (NYSE:JOBY), a next-generation aviation company, announced it has rolled its third production prototype aircraft off the company’s pilot production line in Marina, CA, with four aircraft expected to be in active flight test during the next quarter. The news came as the company issued its Second Quarter 2024 Shareholder Letter, detailing the... Read more
14-Aug-2024Source: Blade Air Mobility
Blade Air Mobility, Inc. (Nasdaq: BLDE, “Blade” or the “Company”), today announced financial results for the second quarter ended June 30, 2024. GAAP FINANCIAL RESULTS (in thousands except percentages, unaudited) Three Months Ended June 30, Six Months Ended June 30, 2024 2023 % Change 2024 2023 % Change Revenue $ 67,945 $ 60,989 11.4 % $... Read more
12-Aug-2024Source: Archer Aviation
Archer Aviation Inc. (“Archer” or the “Company”) (NYSE: ACHR) announced operating and financial results for the second quarter ended June 30, 2024. The Company issued a shareholder letter discussing those results, as well as its third quarter 2024 estimates. The shareholder letter may be accessed on the Company’s investor relations website here . Commenting on second... Read more
31-Jul-2024Source: Bristow
Bristow Group Inc. (NYSE: VTOL), the global leader in innovative and sustainable vertical flight solutions, today announced it will release its second quarter 2024 financial results after market close on Tuesday, August 6, 2024. In connection with the release, Bristow has scheduled a conference call for Wednesday, August 7, 2024, to begin at 10 a.m.... Read more
18-Jun-2024Source: Lilium
Lilium N.V. (Nasdaq: LILM) (“Lilium” or the “Company”), a leading electric aircraft manufacturer and pioneer in Regional Air Mobility (RAM), has released its Q1 2024 Shareholder Letter. The Shareholder Letter discusses Lilium’s progress towards important milestones in the development of its revolutionary Lilium Jet and can be accessed on the Lilium investor relations website. Lilium’s Recent Accomplishments ... Read more
14-May-2024Source: Archer Aviation
Archer Aviation Inc. (“Archer” or the “Company”) (NYSE: ACHR) announced operating and financial results for the first quarter ended March 31, 2024. The Company issued a shareholder letter discussing those results, as well as its second quarter 2024 estimates. The shareholder letter may be accessed on the Company’s investor relations website here. Commenting on first... Read more
14-May-2024Source: Blade Air Mobility
Blade Air Mobility, Inc. (Nasdaq: BLDE, “Blade” or the “Company”), announced financial results for the first quarter ended March 31, 2024. GAAP FINANCIAL RESULTS (in thousands except percentages, unaudited) Three Months Ended March 31, 2024 2023 % Change Revenue $ 51,514 $ 45,271 13.8 % Cost of revenue $ 41,375 $ 38,107 8.6 % Software... Read more
19-Mar-2024Source: Vertical Aerospace
Vertical Aerospace (Vertical) [NYSE: EVTL], a global aerospace and technology company that is pioneering zero-emissions aviation, announces that it has released its full year 2023 Annual Report, including its financial results, alongside its latest Shareholder Letter. Vertical’s Annual Report is accessible on the Company’s investor relations website and on the SEC’s website at www.sec.gov while... Read more
10-Nov-2023Source: Vertical Aerospace
Vertical Aerospace Ltd. (“Vertical” or the “Company”) (NYSE: EVTL; EVTLW), a global aerospace and technology company that is pioneering zero emission aviation, announces its financial results for the third quarter ended September 30, 2023. The Company has also issued a shareholder letter discussing its operating results and management commentary, which is posted to its investor... Read more
2-Nov-2023
Total revenues of $338.1 million in Q3 2023 compared to $319.4 million in Q2 2023 Net income of $4.3 million, or $0.15 per diluted share, in Q3 2023 compared to net loss of $1.6 million, or $0.06 per diluted share, in Q2 2023 EBITDA adjusted to exclude special items, asset dispositions and foreign exchange gains... Read more
2-Nov-2023Source: Joby Aviation
Joby Aviation, Inc. (NYSE:JOBY), a company developing all-electric aircraft for commercial passenger service, issued its Third Quarter 2023 Shareholder Letter detailing the company’s operational and financial results for the period ending September 30, 2023. The company will host a live audio webcast of its conference call to discuss the results at 2:00 p.m. PT (5:00 p.m.... Read more
25-Oct-2023Source: Bristow
Bristow Group Inc. (NYSE: VTOL), the global leader in innovative and sustainable vertical flight solutions, announced it will release its third quarter 2023 financial results after market close on Wednesday, November 1, 2023. In connection with the release, Bristow has scheduled a conference call for Thursday, November 2, 2023, to begin at 10 a.m. ET... Read more
23-Oct-2023Source: Joby Aviation
Joby Aviation, Inc. (NYSE:JOBY), a company developing all-electric aircraft for commercial passenger service, today announced that it expects to release its third quarter 2023 financial results after market close on Wednesday, November 1, 2023, and to host a webcast at 5:00 pm ET the same day. The webcast will be publicly available in the Upcoming Events section... Read more
30-Aug-2023Source: Blade Air Mobility
Blade Air Mobility, Inc. (Nasdaq: BLDE, “Blade” or the “Company”), a technology-powered air mobility platform, today announced that members of its management team will participate in the following investor conferences: Jefferies Industrial Conference – Fireside chat with Rob Wiesenthal, Chief Executive Officer, on Wednesday, September 6, 2023 at 2:00 pm ET. A webcast of the event... Read more
15-Aug-2023Source: Blade Air Mobility
Blade Air Mobility, Inc. (Nasdaq: BLDE, “Blade” or the “Company”), announced financial results for the second quarter ended June 30, 2023. GAAP QUARTERLY FINANCIAL RESULTS (in thousands except percentages, unaudited) Three Months Ended June 30, 2023 2022 % Change Revenue $ 60,989 $ 35,633 71.2 % Cost of revenue 50,620 30,522 65.8 % Software development... Read more
9-Aug-2023Source: Eve Air Mobility
Eve Holding, Inc. (“Eve”) (NYSE: EVEX and EVEXW) reports its second quarter 2023 earnings results. Financial highlights Eve is a pre-operational company dedicated to the development of an eVTOL (electric Vertical Takeoff and Landing) aircraft and the Urban Air Mobility (UAM) ecosystem that includes the aircraft development, air traffic management systems as well as a Services &... Read more
7-Aug-2023Source: Joby Aviation
Joby Aviation, Inc. (NYSE:JOBY), a company developing all-electric aircraft for commercial passenger service, issued its Second Quarter 2023 Shareholder Letter detailing the company’s operational and financial results for the period ending June 30, 2023. Second Quarter 2023 Highlights: Production Launched. Joby’s first production prototype rolled off the line and has begun flight testing. All... Read more
28-Jul-2023Source: Bristow
Bristow Group Inc. (NYSE: VTOL), the global leader in innovative and sustainable vertical flight solutions, today announced it will release its second quarter 2023 financial results after market close on Wednesday, August 2, 2023. In connection with the release, Bristow has scheduled a conference call for Thursday, August 3, 2023, to begin at 10 a.m.... Read more
26-Jul-2023Source: Lilium
Lilium N.V. (Nasdaq: LILM) (“Lilium” or the “Company”), developer of the first all-electric vertical take-off and landing (“eVTOL”) jet, has released its Q2 2023 Shareholder Letter. The Shareholder Letter, which discusses Lilium’s progress towards important milestones in the development of its revolutionary Lilium Jet, can be accessed on the Lilium investor relations website. Recent Accomplishments Arranged... Read more
16-May-2023Source: Vertical Aerospace
Vertical Aerospace Ltd. (“Vertical” or the “Company”) (NYSE: EVTL; EVTLW), a global aerospace and technology company that is pioneering zero emission aviation, announces its financial results for the first quarter ended March 31, 2023. The Company has also issued a shareholder letter in conjunction with the filing of our first quarter 2023 results, which is... Read more
16-May-2023Source: Blade Air Mobility
Blade Air Mobility, Inc. (Nasdaq: BLDE, “Blade” or the “Company”), a technology-powered air mobility platform, today announced financial results for the first quarter ended March 31, 2023. “We are making exceptional progress on all fronts, resulting in our seventh consecutive quarter with financial results ahead of our expectations,” said Rob Wiesenthal, Blade’s Chief Executive Officer. “We... Read more
5-May-2023Source: Lilium
Lilium N.V. (“Lilium” or the “Company”) (NASDAQ: LILM), developer of the first all-electric vertical take-off and landing jet, announced a capital raise for up to $250 million, with $100 million funded at close. A Form 6-K has been filed by the Company with the Securities and Exchange Commission on May 1, 2023. This capital raise... Read more
4-May-2023Source: Bristow
Bristow Group Inc. (NYSE: VTOL) reported net loss attributable to the Company of $1.5 million, or $0.05 per diluted share, for its quarter ended March 31, 2023 (the “Current Quarter”) on operating revenues of $292.9 million compared to net loss attributable to the Company of $7.0 million, or $0.25 per diluted share, for the quarter... Read more
20-Apr-2023Source: SkyDrive
SkyDrive Inc. (“SkyDrive”), a leading electric vertical takeoff & landing (eVTOL) aircraft manufacturer based in Japan, today announced that it secured additional funding in its Series C round. In September 2022, the company successfully raised 9.6 billion yen in Series C*. MUFG Bank, Ltd., one of Japan’s largest financial institutions, increased its capital and a... Read more
29-Mar-2023Source: Lilium
Lilium N.V. (Nasdaq: LILM) (“Lilium” or the “Company”), developer of the first all-electric vertical take-off and landing (“eVTOL”) jet, has released its fiscal year 2022 Shareholder Letter. The Shareholder Letter, which discusses Lilium’s achievement of important milestones in the development of its revolutionary Lilium Jet, can be accessed on the Lilium investor relations website. Recent Accomplishments... Read more
15-Mar-2023Source: Blade Air Mobility
Blade Air Mobility, Inc. (Nasdaq: BLDE, “Blade” or the “Company”), a technology-powered air mobility platform, announced financial results for the fourth quarter and calendar year ended December 31, 2022. “We are pleased to deliver strong fourth quarter results to close out a monumental year for Blade,” said Rob Wiesenthal, Blade’s Chief Executive Officer. “Strong organic... Read more
1-Mar-2023Source: Bristow
Bristow Group Inc. (NYSE: VTOL), the global leader in innovative and sustainable vertical flight solutions, announced it will release its December quarter and year-to-date 2022 financial results after market close on Wednesday, March 8, 2023. In connection with the release, Bristow has scheduled a conference call for Thursday, March 9, 2023, to begin at 10... Read more
17-Feb-2023Source: Bluetail
Bluetail, the leading modern SaaS aircraft records platform for private aviation, has announced that it closed an additional $2.2 million Series A investment. The round was led by AZ-VC, an Arizona-based venture capital fund that is uniquely focused on supporting emerging technology companies throughout the state. With its triple-digit growth in 2022, 600M+ in aircraft records... Read more
14-Feb-2023Source: Zee Business
Drone startup Garuda Aerospace on Monday said it has raised $22 million which is touted as the largest-ever Series A funding in the drone sector. Venture capital firm SphitiCap invested $12 mn along with participation from other global investors, angel investors and high networth individuals (HNIs) at $5 million. See Full Story.... Read more
10-Feb-2023Source: Blade Air Mobility
Blade Air Mobility, Inc. (Nasdaq: BLDE, “Blade” or the “Company”), a technology-powered air mobility platform, today announced that Rob Wiesenthal, Chief Executive Officer, will present at the following investor conferences: Baird 2023 Vehicle Technology and Mobility Conference – Fireside chat on Wednesday, February 15, 2023 at 10:50 am ET. A webcast of the event will... Read more
10-Feb-2023Source: TCab Tech
TCab Tech announced the completion of the Pre-A financing of 100 millionyuan. This financing round is led by Grand Flight,followed by Kunlun Capital, KIP Capital and the existing shareholders BlueRunVentures and Decent Capital. The Pre-A financing round provides sufficient capitalfor the development, manufacturing and flight testing of the full-scale E20eVTOL prototype. “TCab Tech is in... Read more
12-Jan-2023Source: Bristow
Bristow Group Inc. (NYSE: VTOL) and its subsidiaries announced today that it has entered into two thirteen-year secured equipment financings for an aggregate amount up to £145 million with National Westminster Bank Plc (“NatWest”). The proceeds from the financings will be used to refinance the indebtedness of the previous equipment financing facilities with Lombard North... Read more
5-Dec-2022Source: Eve Air Mobility
Eve Holding, Inc. (the “Company” or “Eve”) (NYSE: EVEX; EVEXW) announced that as previously disclosed in the Company’s Notification of Late Filing on Form 12b-25, filed with the Securities and Exchange Commission (“SEC”) on November 14, 2022, the Company has determined that it is unable, without unreasonable effort or expense, to file its Quarterly Report on... Read more
28-Nov-2022Source: Archer
Archer Aviation Inc. (“Archer” or the “Company”) (NYSE: ACHR) announced operating and financial results for the third quarter ended September 30, 2022. Archer conducted its earnings conference call at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) on 10 November 2022. The Company has issued a shareholder letter discussing its third quarter 2022 operating and... Read more
22-Nov-2022Source: Blade Air Mobility
Blade Air Mobility, Inc. (Nasdaq: BLDE, “Blade” or the “Company”), a technology-powered air mobility platform, announced financial results for the third quarter ended September 30, 2022. “Blade delivered another record quarter with exceptional performance across all business lines,” said Rob Wiesenthal, Blade’s Chief Executive Officer. “Our Short Distance business exceeded expectations, driven by higher pricing... Read more
21-Nov-2022Source: Lilium
Lilium N.V. (Nasdaq: LILM) (“Lilium” or the “Company”), developer of the first all-electric vertical take-off and landing (“eVTOL”) jet, today announced the pricing of a $119 million capital raise from existing shareholders, new investors, and strategic partners. Participants include Honeywell and Aciturri as well as LGT and its affiliated impact investor Lightrock, Tencent, B. Riley... Read more
16-Nov-2022Source: Vertical Aerospace
Vertical Aerospace Ltd. (“Vertical” or the “Company”) (NYSE: EVTL; EVTLW), a global aerospace and technology company that is pioneering zero emission aviation, announces its financial results for the third quarter ended September 30, 2022. The Company has also issued a shareholder letter discussing its operating results and management commentary, which is posted to its investor... Read more
11-Nov-2022Source: LCI
With the closing of a new 5-year facility with Investec Bank, we are delighted to announce that LCI group has surpassed the raising of over US$300 million of helicopter related finance and refinance in 2022. This follows on from the US$1 billion of aviation and helicopter capital raised from 2019 to 2021 – a significant achievement spanning the COVID pandemic.... Read more
31-Oct-2022Source: Archer Aviation
Archer Aviation Inc. (NYSE: ACHR) will report its third quarter operating update and financial results after market close on Thursday, November 10, 2022. The Company will host a conference call and corresponding live webcast at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) to discuss the financial results and an operating update. Webcast Information:... Read more
28-Oct-2022Source: Bristow
Bristow Group Inc. (NYSE: VTOL), the global leader in innovative and sustainable vertical flight solutions, announced it will release financial results for its second quarter fiscal year 2023 after market close on Wednesday, November 2, 2022. In connection with the release, Bristow has scheduled a conference call for Thursday, November 3, 2022, to begin... Read more
19-Oct-2022Source: Blade Air Mobility
Blade Air Mobility, Inc. (Nasdaq: BLDE, “Blade” or the “Company”), will release financial results for the fiscal third quarter ended September 30, 2022 on Wednesday, November 9, 2022 after the market closes. Management will conduct a conference call the same day at 4:30 pm Eastern Time to discuss the results. Please note that there is... Read more
22-Aug-2022Source: CHC
CHC Group LLC (CHC), the global rotary wing aviation services provider, is pleased to announce a comprehensive recapitalization transaction to significantly reduce its funded debt obligations by up to $500 million subject to regulatory approvals. As part of the recapitalization, a substantial portion of CHC’s existing debt and equity holders agreed to provide over... Read more
5-Aug-2022Source: Bristow
Total revenues of $301.7 million in Q1 FY23 compared to $287.4 million in Q4 FY22 Net income of $4.0 million, or $0.14 per diluted stock, in Q1 FY23 compared to net loss of $4.3 million, or $(0.15) per diluted stock, in Q4 FY22 EBITDA adjusted to exclude special items and asset dispositions was $51.1... Read more
28-Jul-2022Source: Bristow
Bristow Group Inc. (NYSE: VTOL), the global leader in innovative and sustainable vertical flight solutions announced it will release financial results for its first quarter fiscal year 2023 after market close on Thursday, August 4, 2022. In connection with the release, Bristow has scheduled a conference call for Friday, August 5, 2022, to begin... Read more
25-Jul-2022Source: Blade Air Mobility
Blade Air Mobility, Inc. (“Blade” or the “Company” NASDAQ: BLDE) will release financial results for the fiscal second quarter ended June 30, 2022 on August 9, 2022, before the market opens. The company will hold a conference call the same day at 8:00 am Eastern Time to discuss the results. The call will be... Read more
25-Jul-2022Source: Joby Aviation
Joby Aviation (NYSE: JOBY), a California-based company developing all-electric aircraft for commercial passenger service, announced that it will release its second quarter 2022 earnings results after the market close on Thursday, August 11, 2022, with a webcast at 5:30 pm ET the same day during which management will discuss the results. The webcast will... Read more
27-Jun-2022Source: Wingcopter
Wingcopter, the German delivery drone manufacturer and service provider, announced that it has raised $42 million from renowned financial and strategic investors. The new funding is part of a Series A extension round, tripling the company’s total equity raise to more than $60 million to date. Leading German retailer REWE Group as well as German... Read more
1-Jun-2022Source: Bristow
Total revenues of $287.4 million in Q4 FY22 compared to $295.6 million in Q3 FY22 Net loss of $4.3 million, or $(0.15) per diluted share, in Q4 FY22 EBITDA adjusted to exclude special items and asset dispositions was $35.9 million in Q4 FY22 compared to $30.7 million in Q3 FY22 As of March 31, 2022,... Read more
30-May-2022Source: Bristow
Bristow Group Inc. (NYSE: VTOL), the global leader in innovative and sustainable vertical flight solutions, today announced it will release financial results for its fourth quarter and full fiscal year 2022 after market close on Tuesday, May 31, 2022. In connection with the release, Bristow has scheduled a conference call for Wednesday, June 1,... Read more
12-Apr-2022Source: Jaunt Air Mobility
Jaunt Air Mobility (“Jaunt”) announced that Calin Rovinescu, Air Canada’s recently retired President and Chief Executive Officer, and Mitch Garber, a global technology and growth capital investor have added their names as investors and advisors of Jaunt Air Mobility. “We are extremely pleased to have someone of Calin’s extraordinary business and aviation experience support Jaunt... Read more
25-Mar-2022Source: Skyports
Skyports, the electric air taxi infrastructure and drone services provider, has raised USD 23 million in the first close of its Series B funding round. The capital, from a combination of new and existing investors, will enable Skyports to consolidate its position as a global leader in the advanced air mobility infrastructure and drone operations... Read more
7-Mar-2022Source: Volocopter
Volocopter, the pioneer of urban air mobility, has raised USD 170 million in the initial signing of its Series E funding round led by South Korean investor WP Investment, at a pre-money valuation of USD 1.7 billion. Composed of funds by new and existing investors, the money raised will assist with the certification of Volocopter’s electric... Read more
14-Feb-2022Source: Volocopter
Volocopter, the pioneer of urban air mobility (UAM), and Aviation Capital Group LLC (ACG) have entered into an agreement in principle to develop financing solutions that will assist with the sale of Volocopter’s family of electric vertical take-off and landing (eVTOL) aircraft for up to USD 1 billion. Deliveries are expected to commence once the... Read more
4-Feb-2022Source: Bristow
Total revenues of $295.6 million in Q3 FY22 compared to $301.6 million in Q2 FY22 Breakeven earnings and earnings per share in Q3 FY22 compared to net income of $2.8 million, or $0.10 per diluted share, in Q2 FY22 EBITDA adjusted to exclude special items and asset dispositions was $30.7 million in Q3 FY22 compared... Read more
28-Jan-2022Source: Bristow
Bristow Group Inc. (NYSE: VTOL), the global leader in innovative and sustainable vertical flight solutions, today announced it will release financial results for its third quarter fiscal year 2022 after market close on Thursday, February 3, 2022. In connection with the release, Bristow has scheduled a conference call for Friday, February 4, 2022, to begin... Read more
28-Oct-2021Source: Bristow
Bristow Group Inc. (NYSE: VTOL), the global leader in innovative and sustainable vertical flight solutions, today announced it will release financial results for its second quarter fiscal year 2022 after market close on Wednesday, November 3, 2021. In connection with the release, Bristow has scheduled a conference call for Thursday, November 4, 2021 to begin... Read more
26-Oct-2021Source: Archer Aviation
Archer Aviation Inc. (“Archer”) (NYSE: ACHR), today announced that it expects to release its Third Quarter Fiscal Year 2021 financial results on Thursday, November 11, 2021 at 4:00 p.m Eastern Standard Time. There will be a conference call to discuss these results on Thursday, November 11, 2021 at 4:30 p.m. Eastern Standard Time. A webcast... Read more
21-May-2021Source: Bristow
Bristow Group Inc. (NYSE: VTOL), the global leader in vertical flight solutions announced it will release financial results for its fourth quarter fiscal year 2021 after market close on Wednesday, May 26, 2021. In connection with the release, Bristow has scheduled a conference call for Thursday, May 27, 2021 to begin at 10 a.m. ET... Read more
26-Feb-2021Source: Bristow
Bristow Group Inc. (NYSE: VTOL) (the “Company”) announced the closing of its private offering of $400 million aggregate principal amount of 6.875% senior secured notes due 2028 (the “notes”). The notes were issued under an indenture, dated February 25, 2021, among the Company, the subsidiary guarantors party thereto and U.S. Bank National Association, as trustee... Read more
15-Feb-2021Source: Bristow
Bristow Group Inc. (NYSE: VTOL) (the “Company”) announced the pricing of its previously announced private offering of $400 million aggregate principal amount of 6.875% senior secured notes due 2028 (the “notes”) to eligible purchasers pursuant to Rule 144A and Regulation S under the Securities Act of 1933, as amended (the “Securities Act”). The closing of... Read more
12-Feb-2021Source: Kaman
Kaman Corp. (NYSE:KAMN) announced that it will report its fourth quarter 2020 results after the stock market closes on Thursday, February 25, 2021, and host a live webcast and conference call at 8:30 am ET on Friday, February 26, 2021. In addition, a supplemental presentation relating to the fourth quarter and full year 2020 results... Read more
28-Jan-2021Source: Bristow
Bristow Group Inc. (NYSE: VTOL), the global leader in vertical flight solutions, announced it will release financial results for its third quarter fiscal year 2021 after the market closes on Tuesday, February 2, 2021. In connection with the release, Bristow has scheduled a conference call for Wednesday, February 3, 2021 to begin at 10 a.m.... Read more
30-Oct-2020Source: Bristow
Bristow Group Inc. (NYSE: VTOL), the global leader in vertical flight solutions, announced it will release financial results for its second quarter fiscal year 2021 after the market closes on Wednesday, November 4, 2020. In connection with the release, Bristow has scheduled a conference call for Thursday, November 5, 2020 to begin at 10 a.m.... Read more
23-Oct-2020Source: Kaman
Kaman Corp. (NYSE:KAMN) announced that it will report its third quarter 2020 results after the stock market closes on Wednesday, November 4, 2020, and host a live webcast and conference call at 8:30 am ET on Thursday, November 5, 2020. The call will be accessible by telephone within the U.S. at (844) 473-0975 and from... Read more
28-Apr-2020Source: Era Group
Era Group Inc. (NYSE:ERA) (“Era”) announced that on April 21, 2020 it repurchased an aggregate of 54,099 shares of its common stock at an average price of $3.64 per share, on April 22, 2020 it repurchased an aggregate of 46,027 shares of its common stock at an average price of $3.81 per share and on... Read more
19-Mar-2020Source: HAI
Helicopter Association International (HAI) has joined a coalition of five other general aviation associations in seeking from the US government financial relief for general aviation businesses. The request stems from the unstable global economic situation created by the COVID-19 pandemic. In a March 17 letter to majority and minority leaders of the US Senate and... Read more
6-Mar-2020Source: Wingcopter
Only three months after its initial funding, Corecam Capital Partners has increased its investment in Wingcopter in a second closing. In December, the multi-family office from Singapore participated in a seed round with several million euros in the German start-up, which develops and sells transport drones for humanitarian and civil applications. The reason for the... Read more
4-Nov-2019Source: Bristow
Bristow Group Inc. (“Bristow” or the “Company”) announced that it has emerged from Chapter 11 bankruptcy protection, successfully completing its debt restructuring process and implementing the Chapter 11 reorganization plan confirmed by the U.S. Bankruptcy Court for the Southern District of Texas on October 4, 2019. Bristow has reduced its debt significantly and is emerging with $535 million of new... Read more
16-Oct-2019Source: SF Gate
New York Helicopter Charter Inc. filed for Chapter 11 protection Friday after running short on cash, Chief Executive Officer Michael Roth said in a court declaration. The company operates one Bell 206B JetRanger and two Bell 206L4 LongRangers. See Full Story.... Read more
8-Oct-2019Source: Otago Daily Times
A Queenstown helicopter company, placed in liquidation in February, has had its assets – including its name – sold for $125,000. See Full Story.... Read more
8-Oct-2019Source: Bristow
Bristow Group Inc. (OTC: BRSWQ) (“Bristow” or the “Company”) announced that on October 4, 2019, the U.S. Bankruptcy Court for the Southern District of Texas confirmed the Company’s Amended Plan of Reorganization (the “Plan”) and indicated that it will enter a written order to this effect. The Company expects to consummate its financial restructuring process... Read more
12-Sep-2019Source: Volocopter
Volocopter, the Urban Air Mobility pioneer, announced that it signed the first closing of its Series C funding round, which is being led by Zhejiang Geely Holding Group (Geely Holding). The new funds will be used towards bringing the VoloCity aircraft to commercial launch within the next three years. Volocopter remains in discussions with additional... Read more
12-Sep-2019Source: PHI
PHI, Inc. (OTC: PHIIQ; PHIKQ) (“PHI” or the “Company”) announced that the Company and its principal U.S. subsidiaries, including PHI Air Medical, have emerged from Chapter 11 bankruptcy protection, successfully completing the Company’s debt restructuring process and implementing the Chapter 11 reorganization plan confirmed by the U.S. Bankruptcy Court for the Northern District of Texas... Read more
31-Jul-2019Source: Crown Capital Partners
Crown Capital Partners Inc. (“Crown”) (TSX: CRWN), a capital partner to entrepreneurs and growth businesses, today announced the full repayment by Canadian Helicopters Limited (“Canadian Helicopters”) of an $8 million term loan from Crown Capital Partner Funding, LP (“Crown Partners Fund”). Canadian Helicopters is the largest helicopter transportation services company in Canada with a network... Read more
