Finances

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Vertical Aerospace Announces Q3 2023 Financial Results

Vertical Aerospace Announces Q3 2023 Financial Results

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

Bristow reports Q3 2023 Results

Bristow reports Q3 2023 Results

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

Joby Aviation Reports Q3 2023 Results

Joby Aviation Reports Q3 2023 Results

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

Bristow Group Announces Q3 2023 Earnings Release Call

Bristow Group Announces Q3 2023 Earnings Release Call

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

Joby name date for 2023 Q3 financial results

Joby name date for 2023 Q3 financial results

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

Blade Air Mobility to Present at Upcoming Investor Conferences

Blade Air Mobility to Present at Upcoming Investor Conferences

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

Blade Air Mobility Reports Results for the Q2 Ended June 30, 2023

Blade Air Mobility Reports Results for the Q2 Ended June 30, 2023

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

Eve Holding Reports Q2 2023 Results

Eve Holding Reports Q2 2023 Results

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

Joby Aviation Reports Q2 2023 Results

Joby Aviation Reports Q2 2023 Results

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

Bristow Announces Q2 2023 Earnings Release Call

Bristow Announces Q2 2023 Earnings Release Call

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

Lilium releases Q2 2023 Shareholder Letter

Lilium releases Q2 2023 Shareholder Letter

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

Vertical Aerospace Announces Q1 2023 Financial Results

Vertical Aerospace Announces Q1 2023 Financial Results

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

Blade Air Mobility Reports Financials for Q1 Ended March 31, 2023 – Revenue up 70%

Blade Air Mobility Reports Financials for Q1 Ended March 31, 2023 – Revenue up 70%

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

Lilium to raise $250M with $100M already confirmed

Lilium to raise $250M with $100M already confirmed

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

Bristow reports Q1 2023 Results

Bristow reports Q1 2023 Results

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

SkyDrive Secures Additional Funding in Series C

SkyDrive Secures Additional Funding in Series C

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

Lilium releases Fiscal Year 2022 Shareholder Letter

Lilium releases Fiscal Year 2022 Shareholder Letter

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

Blade Reports Financial Results for the Q4 and Year Ended December 31, 2022

Blade Reports Financial Results for the Q4 and Year Ended December 31, 2022

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

Bristow’s December Quarter and Year-To-Date 2022 Earnings Release Call

Bristow’s December Quarter and Year-To-Date 2022 Earnings Release Call

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

Aircraft records software vendor Bluetail raises $2M

Aircraft records software vendor Bluetail raises $2M

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

Garuda Aerospace raises $22M

Garuda Aerospace raises $22M

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

Blade to Present at Upcoming Investor Conferences

Blade to Present at Upcoming Investor Conferences

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

Tcab Tech raises $15M to develop E20 eVTOL prototype

Tcab Tech raises $15M to develop E20 eVTOL prototype

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

Bristow Enters Into Long-term Equipment Financings up to £145 Million

Bristow Enters Into Long-term Equipment Financings up to £145 Million

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

NYSE warns Eve over delayed Quarterly Report filing

NYSE warns Eve over delayed Quarterly Report filing

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

Archer Announces 2022 Q3 Results to 30 September 2022

Archer Announces 2022 Q3 Results to 30 September 2022

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

Blade Air Mobility Reports Q3 Financial Statements Ended 30 September 2022

Blade Air Mobility Reports Q3 Financial Statements Ended 30 September 2022

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

Lilium Announces Pricing of $119M Capital Raise

Lilium Announces Pricing of $119M Capital Raise

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

Vertical Aerospace Announces Q3 2022 Financial Results

Vertical Aerospace Announces Q3 2022 Financial Results

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

LCI closes new 5 year facility with Investec Bank

LCI closes new 5 year facility with Investec Bank

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

Archer to report Q3 Operating Update and Financial Results

Archer to report Q3 Operating Update and Financial Results

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

Bristow Group Announces Q2 Fiscal Year 2023 Earnings Release Call

Bristow Group Announces Q2 Fiscal Year 2023 Earnings Release Call

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

Blade shares date for Q3 Earnings Release Conference Call

Blade shares date for Q3 Earnings Release Conference Call

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

CHC completes refinancing deal

CHC completes refinancing deal

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

Bristow Reports on Q1 Fiscal Year 2023 Results

Bristow Reports on Q1 Fiscal Year 2023 Results

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

Bristow announces FY2023 Q1 Earnings Release Call

Bristow announces FY2023 Q1 Earnings Release Call

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

Blade Air Mobility Announces Date for Fiscal Q2 Earnings Release Conference Call

Blade Air Mobility Announces Date for Fiscal Q2 Earnings Release Conference Call

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

Joby Aviation to Report Q2 2022 Results

Joby Aviation to Report Q2 2022 Results

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

Wingcopter scores $42M in latest funding round

Wingcopter scores $42M in latest funding round

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

Bristow announces Q4 and full year 2022 earnings report

Bristow announces Q4 and full year 2022 earnings report

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

Bristow announces Q4 and full year 2022 earnings call

Bristow announces Q4 and full year 2022 earnings call

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

Jaunt Air Mobility adds two investors

Jaunt Air Mobility adds two investors

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

Skyports raises $23M in first close of Series B funding round

Skyports raises $23M in first close of Series B funding round

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

Volocopter raises $170M in Series E financing round

Volocopter raises $170M in Series E financing round

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

ACG to Finance Volocopter Fleet of Aircraft for USD 1 billion

ACG to Finance Volocopter Fleet of Aircraft for USD 1 billion

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

Bristow Group Reports on 3rd Quarter Fiscal Year 2022 Results

Bristow Group Reports on 3rd Quarter Fiscal Year 2022 Results

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

Bristow Announces Third Quarter Fiscal Year 2022 Earnings Release Call

Bristow Announces Third Quarter Fiscal Year 2022 Earnings Release Call

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

Bristow announces FY2022 Q2 earnings release call

Bristow announces FY2022 Q2 earnings release call

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

Archer Announces Date for Release of Q3′ 21 Financial Results

Archer Announces Date for Release of Q3′ 21 Financial Results

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

Bristow Group Announces Fourth Quarter Fiscal Year 2021 Earnings Release Call

Bristow Group Announces Fourth Quarter Fiscal Year 2021 Earnings Release Call

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

Bristow closes $400M Notes offering and pays off term loans

Bristow closes $400M Notes offering and pays off term loans

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

Bristow Group Announces Pricing of $400 Million Senior Secured Notes in a Private Offering

Bristow Group Announces Pricing of $400 Million Senior Secured Notes in a Private Offering

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

Kaman announces date for 2020 Q4 results

Kaman announces date for 2020 Q4 results

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

Bristow announces FY2021 Q2 Earnings Release Call

Bristow announces FY2021 Q2 Earnings Release Call

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

Bristow announces FY2021 Q2 release call date

Bristow announces FY2021 Q2 release call date

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

Kaman announces date for 2020Q3 earnings

Kaman announces date for 2020Q3 earnings

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

Era Group Repurchases Under the Previously Announced Special Stock Repurchase Program

Era Group Repurchases Under the Previously Announced Special Stock Repurchase Program

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

COVID-19 – HAI and Aviation groups seek financial relief for General Aviation Businesses

COVID-19 – HAI and Aviation groups seek financial relief for General Aviation Businesses

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

Wingcopter secures further investment

Wingcopter secures further investment

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

Bristow Group Successfully Emerges From Chapter 11

Bristow Group Successfully Emerges From Chapter 11

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

New York Helicopter Charter files for bankruptcy protection

New York Helicopter Charter files for bankruptcy protection

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

Queenstown helicopter company liquidated

Queenstown helicopter company liquidated

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

Bristow reorganization confirmed by court

Bristow reorganization confirmed by court

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

Volocopter raises 50 million Euros in C round funding

Volocopter raises 50 million Euros in C round funding

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

PHi exits Chapter 11 bankruptcy protection

PHi exits Chapter 11 bankruptcy protection

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

Canadian Helicopters repays $8M loan to Crown Capital

Canadian Helicopters repays $8M loan to Crown Capital

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

Era Group Announces Q2 2019 Earnings Release Call

Era Group Announces Q2 2019 Earnings Release Call

30-Jul-2019Source: Era Group

Era Group Inc. (NYSE:ERA), one of the largest helicopter operators in the world, today announced it will release financial results for its second quarter 2019 after the market closes on Tuesday, July 30, 2019. In connection with the release, Era has scheduled a conference call for Wednesday, July 31, 2019, to begin at 10:00 a.m.... Read more

Essex & Herts Air Ambulance to receive £1.5M grant towards £4M hangar

Essex & Herts Air Ambulance to receive £1.5M grant towards £4M hangar

18-Jul-2019Source: Essex & Herts Air Ambulance

In his Budget Statement last Autumn Phillip Hammond, Chancellor of the Exchequer, announced that the Government would be making £10 million available to support the funding of capital projects for the 18 air ambulance charities in England. Essex & Herts Air Ambulance (EHAAT) applied for £1.5 million, and following an announcement on Friday 28th June... Read more

LCI Helicopters closes new $75M financing from CaixaBank

LCI Helicopters closes new $75M financing from CaixaBank

9-Jul-2019Source: LCI Helicopters

Lease Corporation International (LCI), the leading helicopter lessor and aviation division of the Libra Group, has successfully closed a new asset-backed helicopter financing facility in excess of US$75 million. The new facility, led by CaixaBank along with a consortium of financial institutions, was arranged by National Westminster Bank Plc as part of an oversubscribed financing,... Read more

Helijet Announces Results of the Special Meeting

Helijet Announces Results of the Special Meeting

25-Jun-2019Source: Helijet

Helijet International Inc. (TSX-V: HJI) (“Helijet” or the “Corporation”) further to the Corporation’s news releases dated April 18, 2019 and May 16, 2019, the Corporation is pleased to announce that at its special meeting of shareholders held on June 19, 2019 (the “Meeting”), shareholders approved the statutory plan of arrangement under Section 192(1)(f.1) of the... Read more

Bristow Provides Update on Status of SEC Filings

Bristow Provides Update on Status of SEC Filings

25-Jun-2019Source: Bristow

Bristow Group Inc. (OTC: BRSWQ) (“Bristow” or the “Company”) filed its quarterly report on Form 10-Q for the quarter ended December 31, 2018 (the “Q3 FY2019 10-Q”), as well as amendments to its previously filed Annual Report on Form 10-K for the fiscal year ended March 31, 2018 (the “Amended FY2018 10-K”), Quarterly Report on Form 10-Q for the quarter... Read more

Workhorse Group Secures Financing

Workhorse Group Secures Financing

13-Jun-2019Source: Workhorse Group

Workhorse Group Inc. (NASDAQ:WKHS) (“Workhorse” or “the Company”), an American technology company focused on providing sustainable and cost-effective electric-mobility solutions to the transportation sector, has entered into subscription agreements for a private offering with a group of institutional investors, resulting in gross proceeds to the Company of $25 million. Under the terms of the agreements,... Read more

Era Group Announces Q1 2019 Earnings Release Call

Era Group Announces Q1 2019 Earnings Release Call

6-May-2019Source: Era Group

Era Group Inc. (NYSE: ERA), one of the largest helicopter operators in the world, announced it will release financial results for its first quarter 2019 after the market closes on Tuesday, May 7, 2019.  In connection with the release, Era has scheduled a conference call for Wednesday, May 8, 2019, to begin at 10:00 a.m.... Read more

Helijet plans stock market exit

Helijet plans stock market exit

26-Apr-2019Source: Helijet

Helijet International Inc. (TSX-V: HJI) (“Helijet” or the “Corporation”) announces that its board of directors has received a proposal from a Helijet director, for a going private transaction (the “Transaction”). Insiders and their extended family and one other extended family currently own 88% of the outstanding common shares of Helijet (the “Helijet Shares”) and will... Read more

Airbus sees strong sales increase in 2018

Airbus sees strong sales increase in 2018

25-Jan-2019Source: Airbus Helicopters

Airbus Helicopters delivered 356 rotorcraft and logged gross orders for 413 helicopters (net: 381) in 2018 (up from 350 gross orders in 2017), maintaining its lead in the civil & parapublic market while reinforcing its position in the military market thanks to key successes with international campaigns. The company also booked 148 orders for light... Read more

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