Financials

AAR report results for FY14Q1 ending 31 August 2013

AAR report results for FY14Q1 ending 31 August 2013

25-Sep-2013Source: AAR

AAR (NYSE: AIR) today reported first quarter fiscal year 2014 consolidated sales of $514.5 million and net income of $17.9 million, or $0.45 per diluted share.  For the first quarter of the prior fiscal year, the Company reported sales of $550.5 million and net income of $18.2 million, or $0.45 per diluted share. During the quarter, the Company generated $27.5 million in cash flow from operations and free... Read more

Bristow SVP Hillary Ware takes $1.74M in options profits

Bristow SVP Hillary Ware takes $1.74M in options profits

21-Sep-2013Source: HeliHub.com

Bristow Group SVP of Administration Hillary Ware exercised two tranches of share options in the last 10 days 11th September – 12,168 options exercised at $32.90 and 9,720 at $30.16 and sold together at $70.181 (SEC filing) 16th September – 8,331 options exercised at $32.90 and 24,288 and sold at $70.00 (SEC filing) This equates... Read more

$5.5M profit for Bristow CEO in share options sales

$5.5M profit for Bristow CEO in share options sales

20-Sep-2013Source: HeliHub.com

Bristow Group CEO William Chiles exercised three tranches of share options in the last 10 days 11th September – 70,900 options exercised at $32.90 and sold at $70.1838 (SEC filing) 16th September – 3,189 options exercised at $32.90 and 24,288 at $30.16 and sold together at $70.0018 (SEC filing) 17th September.   25,000 options exercised at $35.06 and... Read more

Bristow (story replaced, see link)

Bristow (story replaced, see link)

20-Sep-2013Source: HeliHub.com

Story replaced by….    $5.5M profit for Bristow CEO in share options sales... Read more

CHC files papers to raise $400M from NYSE listing

CHC files papers to raise $400M from NYSE listing

19-Sep-2013Source: CHC

CHC Group Ltd., the parent company of CHC Helicopter, today announced that it has filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission for a proposed initial public offering of its ordinary shares, all of which would be offered by the company. While the number of shares and a price... Read more

Universal Helicopters Newfoundland sold to joint venture

Universal Helicopters Newfoundland sold to joint venture

17-Sep-2013Source: Universal Helicopters

Universal Helicopters Newfoundland Limited (“UHNL”) is pleased to announce that it has entered into an agreement to sell its helicopter operations to Universal Helicopters Newfoundland and Labrador LP, a limited partnership formed by Nunatsiavut Group of Companies (“NGC”), Tasiujatsoak Trust and CAPE Fund. “Parting with valued and dynamic assets is never easy and it was... Read more

Bristow (story replaced, see link)

Bristow (story replaced, see link)

16-Sep-2013Source: HeliHub.com

Story replaced by….    $5.5M profit for Bristow CEO in share options sales... Read more

Bristow SVP sells over $350K of company shares

Bristow SVP sells over $350K of company shares

16-Sep-2013Source: HeliHub.com

Bristow Group SVP Jeremy Akel sold 5,081 shares of Bristow Group stock on the open market in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $70.00, for a total value of $355,670.00. Following the transaction, Akel now directly owns 1,270 shares of the company’s stock. The sale was... Read more

Air Methods director sells over $8.2M of company shares

Air Methods director sells over $8.2M of company shares

16-Sep-2013Source: HeliHub.com

Air Methods Director Ralph Bernstein sold 200,000 shares of the stock on the open market on Friday 13th September. The stock was sold at an average price of $41.38, for a total value of $8,276,000.00. Following the completion of the sale, Bernstein now directly owns 2,606,881 shares in the company (approx value $107 Million). The transaction... Read more

Bristow CFO sells over $700K of company shares

Bristow CFO sells over $700K of company shares

13-Sep-2013Source: HeliHub.com

Bristow CFO Jonathan Baliff sold a total of 10,186 shares of the company’s stock on the open market on Tuesday, September 10th. The average price realized was  $68.88, and a total transaction figure of $701,611.68 is reported. The chief financial officer now directly owns 4,750 shares in the company after this week’s sale, which was... Read more

Russian Helicopters grows H1 revenue by 7% and EBITDA bu 20

Russian Helicopters grows H1 revenue by 7% and EBITDA bu 20

12-Sep-2013Source: Russian Helicopters

Russian Helicopters (“the Company”) – a subsidiary of Oboronprom, part of State Corporation Rostec – announces its consolidated financial results for the first half of 2013 under IFRS. Firm backlog totaled 870 helicopters as of June 30, 2013; Revenue grew by 6.9% to RUB 64.5 billion; EBITDA1 surged 29.3% to RUB 11.8 billion, representing an EBITDA... Read more

CHC reports Q1 results to 31 July 2013

CHC reports Q1 results to 31 July 2013

12-Sep-2013Source: CHC

CHC Helicopter reported a 10-percent increase in EBITDAR(i) in its fiscal first-quarter 2014, on revenue that was virtually flat with the same quarter a year ago. The results reflected continued improvement in the company’s operating efficiency. CHC’s revenue for the three months ending July 31 was $415 million, down $1 million from last year. The... Read more

Erickson Air-Crane closes on acquisition of Air Amazonia

Erickson Air-Crane closes on acquisition of Air Amazonia

5-Sep-2013Source: Erickson Air-Crane

Erickson Air-Crane Incorporated (NASDAQ:EAC) (“Erickson,” “we,” “us” and “our”) today announced the completion of its previously announced acquisition of Air Amazonia Serviços Aeronauticos Ltda. (“Air Amazonia”) and certain related assets from HRT Participações em Petróleo S.A. (“HRT”). The final terms of the acquisition, which provides Erickson with a five-year aerial services agreement (including annual renewals)... Read more

NHV is looking for partners – but not for sale

NHV is looking for partners – but not for sale

5-Sep-2013Source: Express.BE

NHV has aspirations to expand into the Middle East and Far East, and into the windfarm market too.  Founders Eric Van Hal and Jef De Kinder are quoted as saying they are looking for business partners to aid the expansion, but are not looking to sell.  see full story... Read more

Aero Design – new owners, new location

Aero Design – new owners, new location

4-Sep-2013Source: Aero Design

Aero Design Ltd. Helicopter Cargo Baskets and Accessories is excited and proud to announce the change of ownership to Jeff Clarke in addition to Jason and Wanda Rekve. Along with the change of ownership are the relocation of the company to our new world headquarters and the introduction of our new and ever expanding distribution... Read more

CHC to release Q1FY14 results on Sept 11th; Investor Concall on 12th

CHC to release Q1FY14 results on Sept 11th; Investor Concall on 12th

3-Sep-2013Source: CHC

CHC Helicopter expects to release its fiscal-year 2014 first-quarter financial results, for the period ended July 31, after market close on Wednesday, Sept. 11. CHC senior leaders will discuss the company’s strategy and operating performance during a conference call and webcast on Thursday, Sept. 12, at 5:00 p.m. Eastern Time. Investors, members of the news... Read more

Safran completes the purchase of the Rolls-Royce share of the RTM322 programme

Safran completes the purchase of the Rolls-Royce share of the RTM322 programme

3-Sep-2013Source: Safran

Safran (NYSE Euronext Paris: SAF) announced that it finalized the acquisition from Rolls-Royce of Rolls-Royce’s 50% share in their joint RTM322 helicopter engine programme. The cash consideration for the transaction amounts to Euro 293 million. Henceforth, Turbomeca (Safran’s world leading helicopter engine business) will assume global responsibility for the design, production, product support and services... Read more

Rockwell Collins to Purchase ARINC

Rockwell Collins to Purchase ARINC

19-Aug-2013Source: Rockwell Collins

Rockwell Collins, Inc. (NYSE: COL) today announced it has reached a definitive agreement to acquire ARINC Incorporated, a portfolio company of The Carlyle Group, and a leader in communications and information processing solutions for the commercial aviation industry, for $1.39 billion. The transaction will bring together two leading players in the growing field of aviation... Read more

Air Methods Reports 2Q2013 Results and 3Q2013 Update

Air Methods Reports 2Q2013 Results and 3Q2013 Update

9-Aug-2013Source: Air Methods

Air Methods Corporation (Nasdaq:AIRM), the global leader in air medical transportation, reported financial results for the quarter ended June 30, 2013 and provided an update on July 2013 patient transports. For the quarter, revenue increased 2% from $222.5 million to $226.2 million from the prior year quarter. For the six-month period, revenue decreased 2% to... Read more

Bristow CEO discusses F14Q1 Results – Earnings Call Transcript

Bristow CEO discusses F14Q1 Results – Earnings Call Transcript

8-Aug-2013Source: Seeking Alpha

The earnings call included Linda McNeill, Director of Investor Relations,  Bill Chiles, President and CEO, Jonathan Baliff, Senior Vice President and Chief Financial Officer, Mark Duncan, Senior Vice President Commercial, Brian Allman, Vice President and Chief Accounting Officer and John Cloggie, Vice President and Chief Technical Officer.  see transcript... Read more

Bristow Group reports 2014 Q1 results to 30th June 2013

Bristow Group reports 2014 Q1 results to 30th June 2013

5-Aug-2013Source: Bristow Group

Bristow Group Inc. (NYSE: BRS) today reported net income for the June 2013 quarter of $26.9 million, or $0.74 per diluted share, compared to net income of $23.7 million, or $0.65 per diluted share, in the same period a year ago. Adjusted net income, which excludes special items and asset disposition effects, increased 23% to $36.5 million, or $1.00 per diluted share, for theJune 2013 quarter, compared to $29.6... Read more

Bristow Group Announces Quarterly Dividend

Bristow Group Announces Quarterly Dividend

5-Aug-2013Source: Bristow Group

Bristow Group Inc. (NYSE: BRS), the leading provider of helicopter services to the offshore energy industry, announced today that its Board of Directors approved a quarterly dividend of$0.25 per share of common stock issued and outstanding at the close of business on August 30, 2013 (the “Record Date”). The dividend will be payable on September 13, 2013 to stockholders of record... Read more

PHi reports Q2 results to 30th June 2013

PHi reports Q2 results to 30th June 2013

5-Aug-2013Source: PHi

PHI, Inc. (The Nasdaq Global Market: PHII (voting) PHIIK (non-voting)) today reported financial results for the quarter ended June 30, 2013. Consolidated operating revenues for the three months ended June 30, 2013 were $195.5 million, compared to $160.6 million for the three months ended June 30, 2012, an increase of $34.9 million. Consolidated net income... Read more

Era Group announces Q2 2013 Earnings Release Call

Era Group announces Q2 2013 Earnings Release Call

2-Aug-2013Source: Era Group

Era Group Inc. ERA +0.53% (“Era”), a leading helicopter transport operator based in the United States, today announced it will release financial results for its fiscal year 2013 second quarter after the market closes on Tuesday, August 13, 2013. In connection with the release, Era has scheduled a conference call for Wednesday, August 14, 2013 to begin at... Read more

Will PHI miss its revenue numbers?

Will PHI miss its revenue numbers?

2-Aug-2013Source: Motley Fool

Is PHI sending any potential warning signs?  see full story... Read more

Air Methods to Report Q2 Results After Market Close on 8th August

Air Methods to Report Q2 Results After Market Close on 8th August

2-Aug-2013Source: Air Methods

Air Methods Corporation (Nasdaq:AIRM) will report financial results for the second quarter ended June 30, 2013 after the close of the market on Thursday, August 8, 2013. The Company has scheduled a conference call for Thursday, August 8, 2013 at 4:15 p.m. Eastern to discuss these results. Interested parties can access the call by dialing... Read more

Erickson Air-Crane announces FY2013 Q2 Results

Erickson Air-Crane announces FY2013 Q2 Results

31-Jul-2013Source: Erickson Air-Crane

Erickson Air-Crane Incorporated (NASDAQ:EAC) (“Erickson,” the “Company,” “we,” “us” and “our”), a leading global provider of aviation services to a diverse mix of commercial and government customers and the vertically integrated manufacturer and operator of the powerful, heavy-lift helicopter, the Erickson S-64 Aircrane, today announced strong second quarter 2013 financial results. Second Quarter and Recent... Read more

Kaman reports 2013 Q2 results

Kaman reports 2013 Q2 results

31-Jul-2013Source: Kaman

HeliHub.com editor note – these are extracts from the full release, which includes the financial statements Neal J. Keating, Chairman, President and Chief Executive Officer, stated, “We achieved strong overall results for the second quarter led by the performance at Aerospace and the sequential improvement in operating profit at Distribution. Aerospace delivered an operating profit... Read more

AAR Reports Q4 and full year results to 31st May 2013

AAR Reports Q4 and full year results to 31st May 2013

31-Jul-2013Source: AAR

AAR CORP. (NYSE: AIR), a leading, global aviation and aerospace company, today reported fourth quarter and full fiscal year 2013 consolidated results. Fourth quarter sales were $553.8 million and adjusted diluted earnings per share were $0.50, which grew 11% versus the year-ago level of $0.45 per diluted share, excluding charges. “We are pleased with our... Read more

Erickson Air-Crane announces date for FY2013 Q2 results

Erickson Air-Crane announces date for FY2013 Q2 results

28-Jul-2013Source: Erickson Air-Crane

Erickson Air-Crane Incorporated (NASDAQ:EAC), a leading global provider of aviation services to a diverse mix of commercial and government customers and the vertical manufacturer and operator of the powerful, heavy-lift helicopter, the Erickson S-64 Aircrane, today announced that it will release its earnings results for the second quarter of fiscal year 2013 ended June 30,... Read more

Kaman announces date for 2013 Q2 earnings

Kaman announces date for 2013 Q2 earnings

28-Jul-2013Source: Kaman

Kaman Corp. (NYSE:KAMN) announced today that it will report its second quarter 2013 results after the stock market closes on Monday, July 29, 2013, and host a live webcast and conference call at 8:30am ET on Tuesday, July 30, 2013. The call will be accessible by telephone at (877) 415-3177 and from outside the U.S.... Read more

Textron reports Bell Q2 performance down on last year

Textron reports Bell Q2 performance down on last year

18-Jul-2013Source: Textron

Extract from Textron’s full Q2 statement Bell revenues decreased $31 million in the second quarter from the same period in the prior year, primarily reflecting the delivery of 44 commercial helicopters compared to 47 units in last year’s second quarter. Bell delivered 9 V-22 and 6 H-1 aircraft in the quarter, flat with last year’s second quarter... Read more

Sikorsky Celebrates its 90th Anniversary at the NYSE

Sikorsky Celebrates its 90th Anniversary at the NYSE

17-Jul-2013Source: NYSE

Apologies that we missed this in advance, but it’s an anniversary to celebrate, so here it is… On Monday, July 15, executives and guests of Connecticut-based Sikorsky Aircraft Corp., a subsidiary of United Technologies Corp. (NYSE: UTX), will visit the NYSE to celebrate the 90th anniversary of the company’s founding as the Sikorsky Aero Engineering... Read more

Cobham buys Bristow out of FB joint venture for £74 million

Cobham buys Bristow out of FB joint venture for £74 million

15-Jul-2013Source: Cobham

Cobham plc (‘Cobham’ or ‘the Group’) today announces that it has completed the acquisition of the 50% shareholding that it did not already own in FB Heliservices Ltd, FB Leasing Limited and FBS Limited (together ‘FBH’), from its long standing joint venture partner, Bristow Helicopters Limited (‘Bristow’).  The transaction comprises cash consideration of £74 million... Read more

Bristow announces FY14 Q1 earnings release and concall

Bristow announces FY14 Q1 earnings release and concall

10-Jul-2013Source: Bristow Group

Bristow Group Inc. (NYSE: BRS), the leading provider of helicopter services to the worldwide offshore energy industry, announced today it will release financial results for its fiscal year 2014 first quarter ended June 30, 2013, after the market closes on Monday, August 5. In conjunction with the release, Bristow has scheduled a conference call, which... Read more

Lockheed Martin Launches Lockheed Martin International

Lockheed Martin Launches Lockheed Martin International

3-Jul-2013Source: Lockheed Martin

Lockheed Martin Corporation [NYSE: LMT] launched Lockheed Martin International (LMI) today, a new organization responsible for strengthening international customer relationships and industrial partnerships, and growing the company’s global business. Patrick M. Dewar, 52, has been named Executive Vice President of LMI and will continue as a corporate officer. “Directly engaging with and listening to our customers are essential... Read more

Lockheed Martin names Senior VP of Corporate Strategy and Business Development

Lockheed Martin names Senior VP of Corporate Strategy and Business Development

2-Jul-2013Source: Lockheed Martin

Lockheed Martin Corporation [NYSE:   LMT] appointed Paul Lemmo, 47, senior vice president for Corporate Strategy and Business Development and a corporate officer, succeeding Patrick M. Dewar, newly named executive vice president of Lockheed Martin International. Lemmo will be responsible for global strategies and new business capture, and will lead the Lockheed Martin business development organization with... Read more

Shareholders Foundation looking at Erickson Air-Crane too

Shareholders Foundation looking at Erickson Air-Crane too

2-Jul-2013Source: Shareholders Foundation

An investigation on behalf of current long-term stockholders of shares of Erickson Air-Crane Inc (NASDAQ:EAC) was announced concerning whether certain Erickson Air-Crane officers and directors possibly breached their fiduciary duties in connection with certain statements. Investors who are current long-term stockholder of shares of Erickson Air-Crane Inc (NASDAQ:EAC) have certain options and should contact the... Read more

Rigrodsky & Long, P.A. Announces Investigation Of Erickson Air-Crane

Rigrodsky & Long, P.A. Announces Investigation Of Erickson Air-Crane

2-Jul-2013Source: Rigrodsky & Long PA

Rigrodsky & Long, P.A. announces that it is investigating potential legal claims against the board of directors of Erickson Air-Crane, Inc. (“Erickson” or the “Company”)EAC +4.94% regarding possible breaches of fiduciary duties and other violations of law related to the Company’s acquisition of Evergreen Helicopters, Inc. (“Evergreen”). Click here to learn more: http://www.rigrodskylong.com/investigations/erickson-air-crane-inc-eac. The investigation concerns whether... Read more

Cobham appoints EVP of Corporate Strategy and Mergers & Acquisitions

Cobham appoints EVP of Corporate Strategy and Mergers & Acquisitions

26-Jun-2013Source: Cobham

Cobham has named Robert (Rob) Mullins to the position of Executive Vice President, Corporate Strategy and Mergers & Acquisitions, replacing David Johnston, who has decided to leave the company. Rob will report directly to Cobham plc chief executive officer, Bob Murphy, and be based initially at the Group’s Corporate North America office in Arlington, Virginia,... Read more

Erickson Air-Crane amends Credit Facility to Increase Capacity

Erickson Air-Crane amends Credit Facility to Increase Capacity

17-Jun-2013Source: Erickson Air-Crane

Erickson Air-Crane Incorporated (eac:NASDAQ), (“Erickson” or “the Company”), a leading global provider of aviation services to a diverse mix of commercial and government customers and the vertical manufacturer and operator of the powerful, heavy-lift helicopter, the Erickson S-64 Aircrane, announced today that it had successfully amended its five-year revolving credit facility to increase the total... Read more

CHC to Release FY2013 Q4 Results on June 26

CHC to Release FY2013 Q4 Results on June 26

15-Jun-2013Source: CHC

CHC Helicopter expects to release its fiscal-2013 fourth-quarterfinancial results, for the period ended April 30, after market closeon Wednesday, June 26. CHC senior leaders will discuss the company’s strategy and operatingperformance during a conference call and webcast on Thursday, June27, at 5:00 p.m. Eastern Time. Members of the news media, investorsand the general public are... Read more

Massive Insider Deal Threatens Erickson Air-Crane

Massive Insider Deal Threatens Erickson Air-Crane

13-Jun-2013

The transaction is far from intuitive…. In fact, in makes no sense whatsoever. Rather than help Erickson, this acquisition is more likely to sink the entire ship – see full story... Read more

Kaman Board of Directors Declares Dividend

Kaman Board of Directors Declares Dividend

6-Jun-2013Source: Kaman

 The Kaman Corporation board of directors today declared a regular quarterly dividend of 16 cents per common share. The dividend will be paid on July 2, 2013 to shareholders of record on June 18, 2013. About Kaman Corporation Kaman Corporation, founded in 1945 by aviation pioneer Charles H. Kaman, and headquartered in Bloomfield, Connecticut conducts... Read more

Russian Helicopters to pay 14% of profit as dividend to parent Oboronprom

Russian Helicopters to pay 14% of profit as dividend to parent Oboronprom

28-May-2013Source: Russian Helicopters

Russian Helicopters, a subsidiary of Oboronprom, part of State Corporation Rostec and a leading global designer and manufacturer of helicopters, announces that the Board of Directors on 23 May met to discuss the convening and holding of the Annual General Meeting (AGM) of shareholders of the Company for 2012. The Board of Directors resolved to... Read more

Air Comm acquires Meggitt (Addison)

Air Comm acquires Meggitt (Addison)

24-May-2013Source: Air Comm

Air Comm Corporation (ACC), an international leader in the design and certification of environmental control systems (ECS) for turbine helicopters, announced today that it has acquired Meggitt (Addison), Inc., the former Keith Products, in a stock purchase. Keith Products is a leading supplier of ECS for the General Aviation markets. This strategic acquisition combines Keith... Read more

Bristow publish results for Q4 and Year ended 31st March 2013

Bristow publish results for Q4 and Year ended 31st March 2013

23-May-2013Source: Bristow Group

Bristow Group Inc. (NYSE: BRS) today reported net income for the March 2013 quarter of $40.4 million, or $1.11 per diluted share, compared to net income of $14.2 million, or $0.39 per diluted share, in the same period a year ago.  Adjusted net income, which excludes special items and asset disposition effects, was $36.7 million, or $1.01 per diluted share, for the March 2013 quarter, a decrease of $7.8 million,... Read more

Bristow Group Announces 25% Dividend Increase

Bristow Group Announces 25% Dividend Increase

21-May-2013Source: Bristow Group

Bristow Group Inc. (NYSE: BRS), the leading provider of helicopter services to the offshore energy industry, announced today that its Board of Directors has approved a 25 percent increase in the company’s dividend, resulting in a quarterly dividend of $0.25per share, up from $0.20 per share previously. The dividend will be payable on June 14, 2013 to stockholders of record at... Read more

HNZ reports results for Q1 ended 31-Mar-13

HNZ reports results for Q1 ended 31-Mar-13

15-May-2013Source: HNZ Group

The Corporation generated revenue of $54.2million, compared with revenue of $62.5million in the first quarter of 2012. This net decrease is mainly due to the completion of the Ornge contract in the first quarter of 2012 and a decrease in revenues from the northern and southern hemisphere markets due to the current challenging economy. The... Read more

HNZ declares monthly dividends

HNZ declares monthly dividends

15-May-2013Source: HNZ Group

HNZ Group Inc. (“HNZ”) (TSX:HNZ.A, HNZ.B) announced today that its Board of Directors  has declared monthly dividends of $0.091875 per Common Share and Variable Voting Shares, payable on each of  August 15, 2013,September 13, 2013 and October 15, 2013 to holders of record at the close of business July 31, 2013, August 30, 2013 and September... Read more

DLA Piper represents Erickson Air-Crane in Evergreen acquisition

DLA Piper represents Erickson Air-Crane in Evergreen acquisition

9-May-2013Source: DLA Piper

DLA Piper represented Erickson Air-Crane Inc., in a stock purchase agreement for Evergreen Helicopters, Inc. from Evergreen International Aviation Inc. (See Full Story)... Read more

CHC Prices Private Offering of US$300M Senior Unsecured Notes Due 2021

CHC Prices Private Offering of US$300M Senior Unsecured Notes Due 2021

9-May-2013Source: CHC

CHC Helicopter announced today that it has priced a private offering of US$300 million aggregate principal amount of its 9.375% Senior Unsecured Notes due 2021. The offering is exempt from the registration requirements of the Securities Act of 1933, as amended. CHC expects to use proceeds from the notes to repay borrowings outstanding under its... Read more

Erickson Air-Crane Announces Date for First Quarter Fiscal Year 2013 Results

Erickson Air-Crane Announces Date for First Quarter Fiscal Year 2013 Results

7-May-2013Source: Erickson Air-Crane, Inc.

Erickson Air-Crane, Inc. (NASDAQ:EAC), a leading global provider of aviation services to a diverse mix of commercial and government customers and the vertical manufacturer and operator of the powerful, heavy-lift helicopter, the Erickson S-64 Aircrane, today announced that it will release its earnings results for the first quarter fiscal year 2013 ended March 31, 2013... Read more

Soros and Dell back Waypoint helicopter leasing group

Soros and Dell back Waypoint helicopter leasing group

6-May-2013Source: Waypoint Leasing

The funds of two of the world’s highest-profile individual investors – Michael Dell and George Soros – are betting on future high levels of offshore oil production by investing dog reds of millions of dollars in a helicopter leasing company. Read the whole article here: Financial Times... Read more

PHI announces results for Q1 to March 31, 2013

PHI announces results for Q1 to March 31, 2013

6-May-2013Source: PHi

Consolidated operating revenues for the three months ended March 31, 2013 increased $40.9 million compared to the three months ended March 31, 2012. Our Oil and Gas medium and heavy aircraft flight hours and revenues increased primarily due to increased deepwater drilling activity. Operating revenues in the Air Medical segment increased $21.2 million primarily due... Read more

Erickson Air-Crane Announces New $100M Revolving Credit Facility

Erickson Air-Crane Announces New $100M Revolving Credit Facility

3-May-2013Source: Erickson Air-Crane

Erickson Air-Crane Incorporated (NASDAQ:EAC), (“Erickson” or “the Company”), a leading global provider of aviation services to a diverse mix of commercial and government customers and the vertical manufacturer and operator of the powerful, heavy-lift helicopter, the Erickson S-64 Aircrane, announced today that it had entered into a new $100 million, five-year revolving credit facility with... Read more

Erickson Air-Crane completes acquisition of Evergreen

Erickson Air-Crane completes acquisition of Evergreen

3-May-2013Source: Erickson Air-Crane

Erickson Air-Crane Incorporated (NASDAQ:EAC) (“Erickson” or “the Company”), a leading global provider of aviation services to a diverse mix of commercial and government customers and the vertically integrated manufacturer and operator of the powerful, heavy-lift helicopter, the Erickson S-64 Aircrane, announced today that it had closed its acquisition of Evergreen Helicopters, Inc. (“EHI”) from Evergreen... Read more

Air Methods to report Q1 results on May 9

Air Methods to report Q1 results on May 9

3-May-2013Source: Air Methods

Air Methods Corporation (Nasdaq:AIRM) will report financial results for the first quarter ended March 31, 2013 after the close of the market on Thursday, May 9, 2013. The Company has scheduled a conference call for Thursday, May 9, 2013 at 4:15 p.m. Eastern to discuss these results. Interested parties can access the call by dialing... Read more

Why Erickson Air-Crane Could Double In 2013

Why Erickson Air-Crane Could Double In 2013

29-Apr-2013Source: Seeking Alpha

Analyst report which suggests that the share price of Erickson Air-Crane could double this year (See Full Story)... Read more

Bristow Group Announces FY 2013 Q4 and Year-End Earnings

Bristow Group Announces FY 2013 Q4 and Year-End Earnings

26-Apr-2013Source: Bristow Group Inc

Bristow Group Inc. (NYSE: BRS), the leading provider of helicopter services to the offshore energy industry, announced today it will release financial results for its fiscal year 2013 fourth quarter and year ended March 31, 2013, after the market closes on Wednesday, May 22.  In conjunction with the release, Bristow has scheduled a conference call,... Read more

Erickson Air-Crane announces price of 8.25% Notes due 2020

Erickson Air-Crane announces price of 8.25% Notes due 2020

26-Apr-2013Source: Erickson Air-Crane

Erickson Air-Crane Incorporated (Nasdaq: EAC) today announced the pricing of its $400.0 million aggregate principal amount offering of 8.25% Second Priority Senior Secured Notes due 2020 (the “Notes”). The Notes will be Erickson’s second priority senior secured obligations and will be guaranteed by certain of Erickson’s existing and future domestic subsidiaries. The Notes will be... Read more

Sikorsky sales down 7% as military cuts take their toll

Sikorsky sales down 7% as military cuts take their toll

25-Apr-2013Source: CT News

Stratford-based Sikorsky Aircraft actually delivered more helicopters in the first quarter of this year than a year ago, but sales revenue was down 7 percent to $1.24 billion, the aircraft maker’s parent corporation reported Tuesday. (See Full Story)... Read more

Turbomeca buys Rolls-Royce out of RTM322 program

Turbomeca buys Rolls-Royce out of RTM322 program

23-Apr-2013Source: Safran

Safran (NYSE Euronext Paris: SAF) today announced that it has reached an agreement with Rolls-Royce to acquire Rolls-Royce’s 50% share in their joint RTM322 helicopter engine programme. Upon closing, Turbomeca (Safran’s world leading helicopter engine business) will assume global responsibility for the design, production, product support and services for the RTM322 engine, a 2,100-2,600 shp... Read more

AAR Announces Cash Dividend

AAR Announces Cash Dividend

23-Apr-2013Source: AAR Corp

AAR CORP. (NYSE: AIR) announced that its Board of Directors at its regularly scheduled meeting declared a quarterly cash dividend of $0.075 per share to its stockholders.  The dividend will be paid on May 16, 2013, to stockholders of record as of the close of business on May 2, 2013.  Future cash dividends will be... Read more

Australia – Heli Charters sold

Australia – Heli Charters sold

22-Apr-2013Source: CLG

National Hospitality and Brewing company, Colonial Leisure Group (CLG) owner of Nautilus Aviation in Townville has entered into a contract to buy Heli Charters in Cairns and the combined business will make it one of the biggest helicopters fleets in northern Queensland. This is the third investment in the region, with CLG acquiring Orpheus Island,... Read more

Why Air Methods Shares Plunged 12% in one day

Why Air Methods Shares Plunged 12% in one day

22-Apr-2013Source: News Times

Air Methods sank 12% today after its preliminary quarterly results disappointed Wall Street. (see full story)... Read more

Air Methods Provides Update on Q1 Results

Air Methods Provides Update on Q1 Results

19-Apr-2013Source: Air Methods

Air Methods Corporation (Nasdaq: AIRM), the largest air medical transportation company in the world, provided preliminary results for first quarter 2013.  Total community-based patient transports for the first quarter 2013 are estimated to be 11,841.  Patients transported for community bases in operation greater than one year decreased an estimated 1,082 transports, or 9%, while weather... Read more

Erickson raising $400M to fund acquisitions

Erickson raising $400M to fund acquisitions

18-Apr-2013Source: Erickson Air-Crane

Erickson Air-Crane Incorporated (Nasdaq: EAC) announced today that it intends to offer $400 million of its second priority senior secured notes due 2020 to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended, and outside the United States in compliance with Regulation S. The notes will be Erickson’s second... Read more

AAR completes add-on offering of 7.25% Senior Notes due 2022

AAR completes add-on offering of 7.25% Senior Notes due 2022

16-Apr-2013Source: AAR CORP

AAR CORP. (NYSE: AIR) announced today that it has completed its previously announced add-on offering of $150,000,000 aggregate principal amount of its 7.25% Senior Notes due 2022 (the “Notes”) in a private placement to eligible purchasers. The Notes were sold at a price equal to 107.5% of the principal amount thereof, for a yield to... Read more

AAR proposes $125M Add-on Offering of 7.25% Senior Notes due 2022

AAR proposes $125M Add-on Offering of 7.25% Senior Notes due 2022

11-Apr-2013Source: AAR Corp

AAR CORP. (NYSE: AIR) announced today that it intends to commence an add-on offering of $125,000,000 aggregate principal amount of its 7.25% Senior Notes due 2022 (the “Notes”) in a private placement to eligible purchasers. The Notes will be senior unsecured obligations of AAR CORP. (the “Company”) and will be guaranteed by substantially all of... Read more

Bristow Group Now Covered by JPMorgan Chase

Bristow Group Now Covered by JPMorgan Chase

5-Apr-2013Source: Dailypolitical

Bristow is a leading provider of helicopter transportation services to the offshore O&G industry, operating 275 aircrafts across all major offshore markets (see full story)... Read more

Russian Helicopters reports results for year to 31 December 2012

Russian Helicopters reports results for year to 31 December 2012

5-Apr-2013Source: Russian Helicopters

Russian Helicopters, JSC (“the Company”), a leading global designer and manufacturer of helicopters, and producer of some of the world’s most innovative and widely operated models, announces its consolidated operating and audited financial results for the year ended 31 December 2012 under IFRS. Helicopter deliveries increased by 10.7% and reached 290 units; Firm backlog totaled... Read more

Here is What Hedge Funds Think About Air Methods

Here is What Hedge Funds Think About Air Methods

5-Apr-2013Source: Insider Monkey

Air Methods Corp was in 12 hedge funds’ portfolio at the end of December. AIRM has seen a decrease in activity from the world’s largest hedge funds in recent months. There were 14 hedge funds in our database with AIRM positions at the end of the previous quarter (see full story)... Read more

HNZ Group Reports 2012 Year-End Results

HNZ Group Reports 2012 Year-End Results

28-Mar-2013Source: HNZ Group Inc.

HNZ Group Inc. (TSX: HNZ.A, HNZ.B) (“the Corporation”), an international provider of helicopter transportation and related support services, today announced its financial and operating results for the fourth quarter and fiscal year ended December 30, 2012. FOURTH QUARTER RESULTS The Corporation generated revenue of $60.7 million, compared with revenue of $68.7 million in the fourth... Read more

HNZ Group declares monthly dividends

HNZ Group declares monthly dividends

28-Mar-2013Source: HNZ Group Inc

HNZ Group Inc. (“HNZ”) (TSX : HNZ.A, HNZ.B) announced today that its Board of Directors has declared monthly dividends of $0.091875 per Common Share and Variable Voting Shares, payable on each of May 15, 2013, June 14, 2013 and July 15, 2013 to holders of record at the close of business April 30, 2013, May... Read more

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