28-Sep-2012Source: Bristow Group
Bristow Group Inc. (NYSE:BRS) announced today that it has commenced a cash tender offer for any and all of the $350 million outstanding principal amount of its 7½% Senior Notes due 2017 (CUSIP/ISIN No. 110394AB9/ US110394AB99) (the “Notes”). In conjunction with the tender offer, Bristow is soliciting consents to eliminate most of the covenants, certain events of default applicable... Read more
23-Sep-2012Source: Conklin & de Decker
Conklin & de Decker will host their 13th Annual Aircraft Acquisition and Planning Seminar in Scottsdale, Arizona on December 5-6, 2012 at the Scottsdale Plaza Resort. Unique from other seminars and workshops, the Conklin & de Decker Aircraft Acquisition Planning Seminar is the only seminar that is designed to help the aircraft buyer, aircraft owner... Read more
18-Sep-2012Source: TransDigm Group
TransDigm Group Incorporated(NYSE: TDG) announced today that it has completed the acquisition of Aero-Instruments Co., LLC (Aero or the Company), for approximately $35 million in cash. Aero, located in Cleveland, Ohio, employs approximately 60 people and has been a supplier of proprietary, highly engineered components to the aerospace industry since 1925. Aero designs and manufactures highly engineered air data sensors... Read more
16-Sep-2012Source: Wynnchurch Capital
Wynnchurch Capital (“Wynnchurchâ€), a leading middle-market private equity firm, announced today that its newly formed portfolio company, Heligear Acquisition Holdings Co. (together with its subsidiaries, the “Companyâ€), has acquired substantially all of the operating assets of Northstar Aerospace, Inc. and its subsidiaries (together, “NSAâ€) through court administered insolvency proceedings in both the United States and... Read more
13-Sep-2012Source: BAE Systems
BAE Systems and EADS have a long history of collaboration, and are currently partners in a number of important projects, including the Eurofighter and MBDA joint ventures. The two companies confirm that they are now in discussions about a possible combination of the businesses. The potential combination would create a world leading international aerospace, defence... Read more
6-Sep-2012Source: Rotorspot.nl
Helicopter Company Helicon has been declared bankrupt by the court in Breda. The cause of the bankruptcy is the departure of Gasunie as a major customer. Seventy percent of the Helicon operations were pipeline inspections for the Gasunie. Earlier this year local utility Gasunie chose German operator SP Luftbild to survey their pipelines, a contract previously... Read more
5-Sep-2012Source: Russian Helicopters
Russian helicopter holding “Russian Helicopters”, part of “Russian Technologies” – one of the world’s leading developers and manufacturers of helicopters, announced for the first time the credit rating from two rating agencies: Fitch and Moody’s. Fitch Ratings has assigned a long-term credit rating of BB +, Moody’s Investors Service has estimated it at the level... Read more
4-Sep-2012Source: Bristow Group
Bristow Group Inc. (NYSE: BRS), the leading provider of helicopter services to the worldwide offshore energy industry, and Cougar Helicopters Inc., the largest offshore energy and search and rescue (SAR) helicopter service provider in Canada (“Cougar”), today jointly announced that Bristow has entered into a definitive agreement with Cougar’s parent VIH Aviation Group Ltd. (“VIHAG”) and various VIHAG affiliates to acquire... Read more
29-Aug-2012Source: CHC
CHC Helicopter expects to release financial results for its fiscal 2013 first quarter, which ended July 31, after the market closes on Wednesday, Sept. 5. CHC senior leaders will discuss the company’s strategy and operating performance during a conference call on Thursday, Sept. 6, at 5 p.m. EDT. The earnings call can be accessed via... Read more
23-Aug-2012Source: Bristow Group
Bristow Group Inc. (NYSE:BRS) today reported net income for the June 2012 quarter of $23.7 million, or $0.65 per diluted share, compared to net income of $21.0 million, or $0.57 per diluted share, in the same period a year ago. Adjusted net income, which excludes asset dispositions and a special item, was $29.6 million, or $0.81 per diluted share, for the June 2012 quarter, an increase of $9.7 million, or $0.27per... Read more
22-Aug-2012Source: 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 declared a quarterly dividend of $0.20 per share of common stock issued and outstanding at the close of business on August 31, 2012 (the “Record Date”). The dividend will be payable on September 14, 2012 to stockholders of... Read more
16-Aug-2012Source: Canadian Helicopters
Canadian Helicopters Group Inc. (TSX: CHL.A, CHL.B) (“the Company”), an international provider of helicopter transportation and related support services, today announced its financial and operating results for the second quarter ended June 30, 2012 . SECOND QUARTER RESULTS The Company generated revenue of $62.9 million , stable in comparison with revenue of $63.3 million in... Read more
16-Aug-2012Source: Canadian Helicopters
Canadian Helicopters Group Inc. (“Canadian Helicopters”) (TSX: CHL.A, CHL.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 November 15, 2012 , December 14, 2012 and January 15, 2013 to holders of record at the close of business October 31,... Read more
14-Aug-2012Source: PHi
PHI, Inc. (The Nasdaq Global Market: PHII (voting) PHIIK (non-voting)) today reported financial results for the quarter ended June 30, 2012. Oil and Gas segment revenues were $104.4 million for the three months ended June 30, 2012, compared to $90.2 million for the three months ended June 30, 2011, an increase of $14.2 million. Flight... Read more
13-Aug-2012Source: Erickson Air-Crane
Erickson Air-Crane Incorporated (“Erickson Air-Crane†or the “Companyâ€), a leading operator and the manufacturer of the powerful heavy-lift helicopter, the Erickson S-64 Aircrane, today announced its financial results for the second quarter and six months ended June 30, 2012. Second Quarter 2012 Highlights and Recent Events Revenue of $37.9 million exceeded guidance of $32 million... Read more
3-Aug-2012Source: Air Methods
Air Methods Corporation (Nasdaq:AIRM), the global leader in air medical transportation, reported financial results for the quarter ended June 30, 2012 and provided an update on July 2012 community-based patient transports. For the quarter, revenue increased 48% from $150.2 million to $222.5 million in the current-year quarter. For the six-month period, revenue increased 47% to... Read more
2-Aug-2012Source: Erickson Air-Crane
Erickson Air-Crane Incorporated (“Erickson Air-Crane†or the “Companyâ€), a leading operator and the manufacturer of the powerful heavy-lift helicopter, the Erickson S-64 Aircrane, today announced it will conduct a conference call at 1:00 p.m. ET on Wednesday, August 8, 2012, to discuss its financial results for the second quarter and first half fiscal year 2012... Read more
30-Jul-2012Source: Irish Times
A creditors’ meeting has been called for Celtic Helicopters Ltd on 7th August. Notice of the meeting includes an agenda item to appoint a liquidator. (see full story)... Read more
17-Jul-2012Source: Bristow Group
Bristow Group Inc, the leading provider of helicopter services to the offshore energy industry, announced today it will release financial results for its fiscal year 2013 first quarter after the market closes on Monday, August 6. In conjunction with the release, Bristow has scheduled a conference call, which will be broadcast live over the Internet... Read more
6-Jul-2012Source: CHC
CHC Helicopter will release fourth-quarter and full-year financial results for its fiscal-year 2012, which ended April 30, after the market closes on Tuesday, July 10. CHC senior leaders will discuss the company’s strategy and operating performance during a conference call the same day, at 5 p.m. EDT. The earnings call can be accessed via telephone... Read more
22-Jun-2012Source: The Herald
Inverness-based PDG Helicopters has bought out the loan stock and shares owned by Maven Capital Partners – funded by the business and a £900,000 term loan from Clydesdale Bank. (see full story)... Read more
15-Jun-2012Source: Northstar Aerospace
June 14, 2012, Northstar Aerospace, Inc. (the “Corporation”, together with its affiliates “Northstar”) announced today that, after full consideration of all its available alternatives, its U.S. subsidiaries, Northstar Aerospace (USA) Inc., Northstar Aerospace (Chicago) Inc., Derlan USA Inc. and D-Velco Manufacturing of Arizona, Inc. have filed Chapter 11 petitions in the United States Bankruptcy Court for the... Read more
8-Jun-2012Source: Engineering News
Denel Aerostructures has produced rotor blades and rotor heads for the AgustaWestland A109 and A119 helicopters and manufactures drop tanks for the Rooivalk attack helicopter. (see full story)... Read more
6-Jun-2012Source: Kaman
The Kaman Corporation (NYSE:KAMN) board of directors today declared a regular quarterly dividend of 16 cents per common share. The dividend will be paid on July 3, 2012 to shareholders of record on June 19, 2012. Kaman Corporation, founded in 1945 by aviation pioneer Charles H. Kaman, and headquartered in Bloomfield, Connecticut conducts business in the aerospace... Read more
24-May-2012Source: Bristow Group
Bristow Group Inc. (NYSE: BRS) today reported net income for the March 2012 quarter of $14.2 million, or $0.39 per diluted share, compared to net income of $30.9 million, or $0.84 per diluted share, in the same period a year ago.  Adjusted net income, which excludes special items and asset disposition effects, was $44.6 million, or $1.22 per diluted share, for the March 2012 quarter, an increase of $12.8 million,... Read more
24-May-2012Source: 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 declared a 33 percent increase in the company’s dividend, resulting in a quarterly dividend of $0.20per share, up from $0.15 per share previously. The dividend will be payable on June 15, 2012 to stockholders of record at... Read more
14-May-2012Source: PHi
PHI, Inc. (The Nasdaq Global Market: PHII (voting) PHIIK (non-voting)) today reported financial results for the quarter ended March 31, 2012. Oil and Gas operating revenues increased $15.5 million for the quarter ended March 31, 2012, related primarily to increased medium and heavy aircraft flight hours and revenues resulting mainly from the continuing improvement in... Read more
14-May-2012Source: Erickson Air-Crane
Erickson Air-Crane Incorporated (NASDAQ: EAC) (“Erickson Air-Crane†or the “Companyâ€), a leading operator and the manufacturer of the powerful heavy-lift helicopter, the Erickson S-64 Aircrane, today announced its financial results for the first quarter ended March 31, 2012. The Company completed its initial public offering (“IPOâ€) in April, 2012. First Quarter 2012 Highlights and Recent... Read more
11-May-2012Source: Canadian Helicopters
Canadian Helicopters Group Inc. (TSX: CHL.A, CHL.B) (“the Company”), an international provider of helicopter transportation and related support services, today announced its financial and operating results for the first quarter ended March 31, 2012. These results include those of Helicopters (N.Z.) Limited, (“HNZ”) acquired on July 7, 2011. Financial Highlights Quarters ended March 31, (in thousands of dollars,... Read more
11-May-2012Source: Canadian Helicopters
Canadian Helicopters Group Inc. (“Canadian Helicopters”) (TSX: CHL.A, CHL.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, 2012, September 14, 2012 and October 15, 2012to holders of record at the close of business July 31, 2012, August 31, 2012 and September 28, 2012, respectively. The... Read more
7-May-2012Source: Canadian Helicopters
Canadian Helicopters Group Inc. (“Canadian Helicoptersâ€) (TSX: CHL.A, CHL.B) will release its first quarter results ending March 31, 2012, on Thursday May 10, 2012, after market close. The Canadian Helicopters Group Inc. conference call will take place Friday May 11, 2012 at 2:00 p.m. (ET) to review the financial results. To participate in this conference... Read more
7-May-2012Source: Discovery Air
Dave Jennings, President and CEO of Discovery Air stated, “We are very fortunate to have secured a company like Northern Air Support. Their professional approach to operations and their focus on safety is well aligned with the culture at Great Slave Helicopters. We welcome Mark McGowan, Chief Operating Officer of Northern Air Support, to the... Read more
2-May-2012Source: Kaman
Neal Keating, President and Chief Executive Officer stated, “While below last year, our first quarter results were in line with our expectations and provide us confidence to reaffirm our outlook for the full year. This performance was led by another solid quarter for our Industrial Distribution business, which achieved record quarterly sales and operating profit.... Read more
2-May-2012Source: Erickson Air-Crane
Erickson Air-Crane Incorporated (NASDAQ:EAC) (“Erickson Air-Crane†or the “Companyâ€), a leading operator and manufacturer of the powerful heavy-lift helicopter, the Erickson S-64 Aircrane, today announced it will conduct a conference call at 1:00 p.m. ET on Thursday, May 10, 2012, to discuss its financial results for the first quarter ended March 31, 2012. Hosting the... Read more
30-Apr-2012Source: Standard & Poor
Overview — U.S. aviation service provider PHI Inc.’s operating performance has improved materially over the last several quarters due to increased Gulf of Mexico activity and increased profitability in the company’s Air Medical segment. — We are revising the outlook on the company to stable from negative. We are affirming the ‘B+’ corporate credit rating.... Read more
30-Apr-2012Source: Cobham
Warren Tucker, who has served as Chief Financial Officer (‘CFO’) of Cobham plc (‘Cobham’) since May 2003, had previously discussed with the Cobham Board long term planning with regard to tenure on the Board. Following Andy Stevens’ retirement for medical reasons and at the Board’s request a final decision was delayed to allow for the... Read more
30-Apr-2012Source: Air Methods
Air Methods Corporation will report financial results for the first quarter ended March 31, 2012 after the close of the market on Thursday, May 3, 2012. The Company has scheduled a conference call for Thursday, May 3, 2012 at 4:15 p.m. Eastern to discuss these results. Interested parties can access the call by dialing 877-883-0656... Read more
27-Apr-2012Source: Bristow Group
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 2012 fourth quarter and year-ended March 31, 2012, after the market closes on Wednesday, May 23. In conjunction with the release, Bristow has scheduled a conference call, which will... Read more
18-Apr-2012Source: Textron
Textron Inc.’s first-quarter profit soared on strength from the aircraft maker’s Bell helicopter segment and improved sales of Cessna aircraft. Results easily topped expectations. “The demand environment for our commercial aircraft and industrial products continued to improve, which reinforces our confidence in our outlook for the year,” said Chief Executive Scott C. Donnelly. The maker... Read more
18-Apr-2012Source: Patriot Aerospace
Patriot Aerospace has announced the acquisition of Cardiff-based commercial helicopter charter specialist Veritair Aviation. The deal, which underlines Patriot’s determination to form a credible UK alternative to the foreign owned companies currently dominating the commercial helicopter sector, sees Sir Peter Rigby’s aviation group acquire a significant majority share in the Cardiff Heliport operator. Enabling Patriot’s expansion to incorporate police... Read more
13-Apr-2012Source: Kaman
Kaman Corp. (NYSE: KAMN) announced today that it will report its first quarter 2012 results after the stock market closes on Monday, April 30, 2012 and host a live webcast and conference call at 8:30am ET on Tuesday May 1st, 2012. The call will last approximately one hour. The call will be accessible by telephone... Read more
12-Apr-2012Source: L-3 Communications
L-3 Communications (NYSE: LLL) announced today that it has entered into an agreement to acquire the assets of Thales Training & Simulation Ltd’s civil aircraft simulation and training business. The purchase price is £83 million (approximately $132 million) and will be funded with cash on hand. Headquartered in Crawley, United Kingdom, the business employs approximately 400 people. It... Read more
12-Apr-2012Source: Erickson Air-Crane
Erickson Air-Crane Incorporated (“Ericksonâ€)(Nasdaq:EAC) announced today the pricing of its initial public offering of 4,800,000 shares of common stock at a price to the public of $8.00 per share. The common stock is expected to begin trading on the NASDAQ Global Market today under the ticker symbol “EAC.†Erickson expects to receive net proceeds, after deducting... Read more
11-Apr-2012Source: Russian Helicopters
JSC “Russian Helicopters” (hereinafter – Company), one of the world’s leading developers and manufacturers of helicopters, including some of the most iconic, innovative and well-operated models, announces its consolidated operating and audited financial results for 2011 the year under IFRS. Deliveries of helicopters has increased by 22.4% to $ 262 helicopter; The solid order backlog... Read more
28-Mar-2012Source: Canadian Helicopters
Canadian Helicopters Group Inc. (TSX: CHL.A CHL.B) (“the Company”), 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, 2011. These results reflect the acquisition of Helicopters (N.Z.) Limited, (“HNZ”) on July 7, 2011. The results also reflect Canadian Helicopters’... Read more
28-Mar-2012Source: Canadian Helicopters
Canadian Helicopters Group Inc. (“Canadian Helicopters”) (TSX: CHL.A CHL.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, 2012, June 15, 2012 and July 13, 2012 to holders of record at the close of business April 30, 2012, May 31, 2012 and June 29, 2012, respectively. The... Read more
20-Mar-2012Source: Canadian Helicopters
Canadian Helicopters Group Inc. (“Canadian Helicopters”) (TSX: CHL.A, CHL.B) will release its fourth quarter results ending December 31, 2011, on Tuesday, March 27, 2012, after market close. The Canadian Helicopters Group Inc. conference call will take place Wednesday March 28, 2012 at 11:00 a.m. (ET) to review the financial results. To participate in this conference... Read more
14-Mar-2012Source: PHi
PHI, Inc. (“PHI”) (the nasdaq global market:PHII (voting) PHIIK (non-voting)) today reported financial results for the year ended December 31, 2011. Oil and Gas operating revenues increased $10.0 million, related primarily to increased heavy aircraft flight hours and revenues. This increase was offset in part by a decrease in revenues for light and medium aircraft.... Read more
1-Mar-2012Source: Air Methods
Air Methods Corporation (Nasdaq:AIRM), the global leader in air medical transportation, reported revenue and net income for the year and fourth quarter ended December 31, 2011. For the year, revenue increased 18% to $660.5 million compared to $562.0 million in the prior year. Net income increased 9% to $46.6 million, or $3.63 per diluted share,... Read more
26-Feb-2012Source: Air Methods
Air Methods Corporation (Nasdaq:AIRM) will report financial results for the fourth quarter ended December 31, 2011 after the close of the market on Wednesday, February 29, 2012. The Company has scheduled a conference call for Wednesday, February 29, 2012 at 4:15 p.m. Eastern to discuss these results. Interested parties can access the call by dialing... Read more
24-Feb-2012Source: UTair
Board of Directors of “UTair-Engineering” summed up the activities for the period 2011 and considered the draft business plan for 2012. In 2011 the company carried out daily support up to 290 helicopters in the amount of linear and time-consuming maintenance in Russia and abroad, which exceeded the 2010 figure by 15%. According to the plan... Read more
21-Feb-2012Source: Discovery Air
Discovery Air subsidiary, Great Slave Helicopters Limited (GSH) announced today that it has expanded into British Columbia with the purchase of its newest subsidiary Northern Air Support (NAS) pending approvals from the regulatory authorities. NAS is a profitable, safety-oriented helicopter charter company that has been serving its mining, forestry and oil and gas seismic clients... Read more
12-Feb-2012Source: Hillsboro Aviation
To expand its parts sales capabilities and its support of Bell medium helicopters, Hillsboro Aviation has purchased the tooling and equipment of the Heli-Trade Corporation and is offering for sale its complete line of parts, Bell 205 fuselages and STCs. Founded in 1957, Heli-Trade Corporation has been the worldwide industry leader in maximizing safety and... Read more
5-Feb-2012Source: Westfair Online
A senior United Technologies Corp. executive scoffed at any rumors UTC might put Sikorsky on the block, but said UTC could auction off “non-core†units as it scrapes together cash to pay for its pending acquisition of Goodrich (see full story)... Read more
5-Feb-2012Source: Renaissance Capital
Erickson Air-Crane, which manufactures S-64 heavy-lift helicopters for government and commercial use, postponed its IPO on Wednesday. The Portland, OR-based company, which had been on the calendar for next week, booked $147.3 million in sales for the 12 months ended 9/30/11. Stifel Nicolaus Weisel was set to be the lead underwriter on the deal.... Read more
4-Feb-2012Source: Kaman
Kaman Corp. (NASDAQ-GS: KAMN) announced today that it will report its fourth quarter and full year 2011 results after the stock market closes on Monday, February 27, 2012 and host a live webcast and conference call at 8:30am ET on Tuesday February 28th, 2012. The call will last approximately one hour. The call will be... Read more
4-Feb-2012Source: 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 declared a quarterly dividend of $0.15 per share of common stock issued and outstanding at the close of business onMarch 1, 2012 (the “Record Date”). The dividend will be payable on March 15, 2012 to stockholders of... Read more
3-Feb-2012Source: Bristow Group
Bristow Group Inc. (NYSE: BRS) today reported net income for theDecember 2011 quarter of $25.5 million, or $0.70 per diluted share, compared to net income of $41.8 million, or$1.13 per diluted share, in the same period a year ago.  Adjusted net income, which excludes special items and asset disposition effects, was $27.8 million, or $0.76 per diluted share, for the December 2011 quarter, an increase from$26.3 million,... Read more
2-Feb-2012Source: Exchange Income Corp
Exchange Income Corporation (TSX:EIF) (the “Corporation”), announced today the successful completion of its acquisition of Custom Helicopters Ltd., a provider of helicopter-based aviation services in Manitoba and Nunavut. The acquisition was first announced on January 12, 2012. The Corporation paid a total purchase price of $29 million, of which $4.3 million was paid through the issuance of 170,121 common... Read more
31-Jan-2012Source: HeliHub.com
20 months after first mooting the idea of an Initial Public Offering, Erickson Air-Crane yesterday made a new filing with the NASDAQ stock exchange with a share price guidance in the range of $13 to £15 each. The company is selling 5.35 million shares, which would raise between $69.5 million and $80 million, in line... Read more
30-Jan-2012Source: Northstar Aerospace
CHICAGO, ILLINOIS – January 29, 2012, Northstar Aerospace, Inc. (NAS:TSX) (the “Corporation”) announced today that it has received a notice from a major customer claiming breach of its obligations under certain contracts. This notification demands that the Corporation must cure such breach or otherwise resolve the claims within ten days. The Corporation is evaluating the... Read more
29-Jan-2012Source: Kaman
Kaman Corporation, a leader in the aerospace and industrial distribution markets, announced today that it is transferring the listing of its common stock to the New York Stock Exchange (NYSE) from the NASDAQ Global Select Market (NASDAQ). The Company expects to begin trading on the NYSE on February 7, 2012 under its current ticker symbol... Read more
25-Jan-2012Source: SunLive
Tauranga’s only flight school Bay Flight will re-open its doors on February 1st after being purchased by Palmerston North based company Helipro. Staff and members of the operations team are back on site at the flight school after the sale was finalised last Friday. (see full story)... Read more
17-Jan-2012Source: CHC
CHC hosted a conference call to discuss second quarter results on Wednesday, January 11, 2012 at 5:00 p.m. EST. Click here for the call transcript. Click here to listen to the recording. The call recording requires the Network Recording Player media player. To download the Network Recording Player, clickhere. To download a copy of the PowerPoint presentation, please click here. About CHC CHC Helicopter is the... Read more
13-Jan-2012Source: Northrop Grumman
Northrop Grumman Corporation (NYSE:NOC) will announce its fourth quarter 2011 and year-end 2011 financial results on Wednesday, Feb. 1, 2012. The company’s conference call will be held at 9:30 a.m. ET the same day. Wes Bush, chairman, chief executive officer and president, and Jim Palmer, chief financial officer, will review fourth quarter and 2011 results... Read more
13-Jan-2012Source: Bristow Group
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 2012 third quarter ended December 31, 2011, after the market closes on Thursday, February 2. In conjunction with the release, Bristow has scheduled a conference call, which will be... Read more
12-Jan-2012Source: Exchange
Exchange Income Corporation (TSX: EIF) (“Exchange” or the “Corporation”), announced today that it has signed a letter of intent to acquire the operations and assets of Custom Helicopters Ltd., a privately-owned provider of helicopter-based aviation services in Manitoba and Nunavut. The acquisition is valued at $29 million, and will be paid through a combination of cash and... Read more
12-Jan-2012Source: Ranger International
Ranger International Services Group, a private equity consolidator specializing in technical services, has been honored by The M&A Advisor magazine for its acquisition of US Logistics. The merger of US Logistics into Ranger International was deemed one of the “Deals of the Decade” by an independent panel that reviewed 389 nationwide finalists in each of... Read more
11-Jan-2012Source: CPI Aero
CPI Aerostructures, Inc. (“CPI Aero®â€) (NYSE Amex: CVU) today announced that its President & CEO, Edward Fred, will present at the Noble Financial Capital Markets Eighth Annual Equity Conference on Tuesday, January 17, 2012 at 10:30 am ET at the Hard Rock Hotel & Casino, in Hollywood, FL. Investors will be able to access the... Read more
11-Jan-2012Source: AAR
AAR CORP. (NYSE: AIR) announced today that it intends to commence an offering of $175,000,000 in aggregate principal amount of senior unsecured notes due 2022 (the “Notes”) in a private placement to eligible purchasers. The Notes will be senior obligations of AAR CORP. (the “Company”) and will be guaranteed by the Company’s existing domestic subsidiaries. The Company intends... Read more
8-Jan-2012Source: Sunday Times
The changing of the stake happened in October last year, Suren Mirchandani, Vice Chairman of the company, told the local press, also revealing that, “we have an agreement with Deccan Charters to use the same name (Deccan) until such time we are ready to re-brand.” (see full story)... Read more
4-Jan-2012Source: Era Group
Era Group Inc. (“ERA”), one of the largest helicopter operators in the world, and a wholly owned subsidiary of SEACOR Holdings Inc. CKH -0.61% (“SEACOR”) today announced it entered into a $350 million senior secured revolving credit facility. Under the terms of the facility, ERA has the ability to borrow up to $350 million. As... Read more
2-Jan-2012Source: St Catherines Standard
“It was something that has been in the process for quite awhile,” said vice-president Anna Pierce, adding further details will be made public in the new year. “The same team is still going to be here. It will mean a lot of cost savings for us.” (see full story)... Read more
23-Dec-2011Source: Air Methods
Air Methods Corporation (Nasdaq:AIRM), the largest air medical transportation company in the world, announced today that it has completed the restatement of its financial statements for the year ended December 31, 2010 and for the first three quarters of 2011, and has filed amended annual and quarterly reports for the applicable periods with U.S. Securities... Read more
19-Dec-2011
The shareholder and creditors of aerospace company Advanced Technologies and Engineering (ATE) are headed for court on a business rescue plan which would see Eurocopter take a 99.99% stake. The plan was adopted by 99.72% of creditors but crucially the shareholders voted against it. (see full story)... Read more
