11-Mar-2025
Offshore helicopter operator PHI Aviation began commercial operations off the Louisiana Coast on 6 March, 2025 for international energy company Shell plc with one H160, capping off a successful route-proving partnership. The helicopter is the first from the worldwide H160 fleet to conduct offshore commercial transportation missions. Starting in 2020, the three companies – Airbus,... Read more
7-Aug-2024Source: Milestone
The Milestone Aviation Group Limited (“Milestone”) today announced that it has signed a sale and leaseback agreement for one super-medium Airbus H175 helicopter with commercial helicopter operator, PHI Aviation (“PHI”). Yellow Airbus H175 Helicopter in the sky The H175 helicopter, known for its long range, advanced avionics, and high payload capacity, was recently delivered to... Read more
27-May-2024Source: Leonardo
Leonardo and PHI Group (PHI) have signed a framework agreement for 12 AW189 Helicopters to serve the global energy market starting in 2025. These are composed of firm orders as well as purchase options and include an extensive support partnership featuring a service center agreement, MRO (Maintenance, Repair and Overhaul) agreement, and training solutions for... Read more
21-Feb-2024Source: PHI
PHI, a leader in global helicopter services, is proud and honored to celebrate its 75-year anniversary in 2024. Founded in Lafayette, La., in 1949, Petroleum Bell Helicopters—later to be renamed Petroleum Helicopters, Inc. and known today as PHI Group, Inc.—established itself as a leader in helicopter transportation for seismic crews exploring for oil and gas... Read more
13-Sep-2023Source: Airbus
Airbus Helicopters and PHI Group (PHI) have signed a framework agreement that includes commitments for 20 super-medium H175 helicopters and 8 H160s to serve the energy market worldwide, including in the US. These 28 state-of-the-art helicopters will better position PHI to respond to the energy market’s expected growing offshore transportation needs.These commitments are composed of... Read more
8-Sep-2023Source: PHI
PHI are pleased to announce the appointment of Cedric Meynier to the position of Director, Commercial & Business Development – Australia & NZ. Cedric’s extensive experience in the Oil & Gas industry, along with his expertise with HEMS and Advanced Air mobility operations will be invaluable to our regional expansion trajectory and diversification into new markets. Cedric... Read more
22-Feb-2023Source: PHi
PHI MRO Services, a division of PHI and leader in maintenance, repair, and overhaul services, has announced a special Corrosion Control Seminar to be held on Wednesday, March 7, at the 2023 Helicopter Association International (HAI) Heli-Expo. The seminar will take place in the Georgia World Congress Center, B314 Learning Room from 11:45 am –... Read more
20-Oct-2022Source: Milestone
DUBLIN – Thursday, October 20, 2022 – The Milestone Aviation Group Limited (“Milestone”), the global leader in helicopter leasing, today announced it has signed lease agreements with leading commercial helicopter operator, PHI Aviation (“PHI”) for three helicopters. The agreements include the placement and extension of two Sikorsky S92 helicopters and one Leonardo AW139 helicopter, bringing... Read more
17-Oct-2022Source: PHI
PHI Aviation, a global leader in helicopter services, has extended its contract with bp to provide helicopter transportation services for bp’s energy exploration and production efforts in the Gulf of Mexico. The 10-year, multi-aircraft agreement, which began in September and is an amendment to the existing contract, provides full-time Sikorsky S-92 support from PHI’s Houma... Read more
3-Jun-2022Source: PHI
PHI Aviation has announced a new global organization structure and leadership team. The changes will better align the organization and its resources to its customers’ needs and strategic growth and diversification opportunities in key geographies. Three global regions: Americas, APAC and EMEA Under the new structure, PHI Aviation will have three geographically-based operating units: PHI Americas... Read more
14-Mar-2022Source: PHI International
PHI expands Maintenance, Repair and Overhaul (MRO) Division, offers MRO services to external parties. Global helicopter provider, PHI, has announced the expansion of its Maintenance, Repair and Overhaul (MRO) services. The services will be delivered out of its state-of-the-art facility in Lafayette, Louisiana, as well as being delivered in-field and on-site. Managing Director of PHI... Read more
21-Jul-2021Source: PHI International
Global helicopter operator PHI International and Massey University School of Aviation have joined forces in a new partnership that will launch the careers of the next generation of aviation professionals. The tie-up opens the door for the School’s top Aviation Management students to gain valuable, on-the-ground experience working at New Zealand headquartered PHI, whose global... Read more
5-Apr-2021Source: Law360
Helicopter services company PHI Group has sued Zurich American Insurance Co. in Louisiana federal court, alleging Friday that its $50 million Zurich policy covers property damage it sustained after staff and passengers brought COVID-19 aboard its aircraft. See Full Story. ... Read more
5-Mar-2021Source: PHI Aviation
Leading global provider of software products to companies operating in highly regulated industries, Ideagen Plc, has announced a five-year deal with PHI Aviation for its industry leading product, Coruson. Headquartered in Lafayette, Louisiana, USA, PHI is one of the world’s leading helicopter services companies and has conducted operations in 43 countries across the globe. The... Read more
15-Feb-2021Source: Airbus
International energy group Shell has selected leading US offshore helicopter operator PHI to operate four Airbus H160s to service a support contract in the Gulf of Mexico. The contract marks the entry into the oil and gas market of the H160 with a wealth of design features promising new levels of safety, comfort and schedule... Read more
16-Dec-2020Source: PHI
New Plymouth will remain the central transport hub for workers on the offshore Taranaki gas field following the extension of an agreement between PHI International (PHI) and a consortium of global customers. PHI provides essential helicopter transfer services to the offshore oil and gas industry in New Zealand, Australia, the Philippines, Ghana and Trinidad and... Read more
28-Jan-2020Source: HeliOffshore
On Monday 27th January, 2020 HeliOffshore announced the appointment of Keith Mullett to HeliOffshore’s board of directors. Keith Mullet is President of PHI International and acting President of PHI Americas. He has been President of PHI International since the acquisition of HNZ by PHI in December of 2017. Before that, he was the Executive Vice... Read more
8-Oct-2019Source: KBTX-TV3
CHI St. Joseph Health and PHI Air Medical/Air Med 12 have upgraded the aircraft they use to help care for and transport people in critical condition. See Full Story.... Read more
12-Sep-2019Source: PHI
PHI, Inc. (OTC: PHIIQ; PHIKQ) (“PHI” or the “Company”) announced that the Company and its principal U.S. subsidiaries, including PHI Air Medical, have emerged from Chapter 11 bankruptcy protection, successfully completing the Company’s debt restructuring process and implementing the Chapter 11 reorganization plan confirmed by the U.S. Bankruptcy Court for the Northern District of Texas... Read more
11-Jun-2019Source: PHI
PHI, Inc. announced an update in the Company’s Chapter 11 court proceedings, underscoring the positive momentum that the Company has achieved and further executing on the path towards emergence. Following a successful mediation with Judge David R. Jones, a current sitting judge in the United States Bankruptcy Court for the Southern District of Texas, PHI... Read more
20-Mar-2019Source: PHI
PHI, Inc. (Nasdaq: PHII (voting); PHIIK (non-voting)) today reported financial results for the year ended December 31, 2018. PHI, Inc (the “Company”) today announced a net loss from continuing operations for the year ended December 31, 2018 of $141.5 million, or $8.95 per share, on revenue of $674.4 million. This compares to a net gain... Read more
15-Mar-2019Source: PHI
PHI, Inc. (The Nasdaq Select Global Market: PHII (voting); PHIIK (non-voting)) (“PHI” or “the Company”) today announced that PHI and its principal U.S. entities filed for voluntary Chapter 11 protection in the U.S. Bankruptcy Court for the Northern District of Texas to address the upcoming maturity of PHI’s unsecured senior notes and strengthen its balance sheet in... Read more
20-Feb-2019Source: Timothy Stabosz via Globe Newswire
One of PHI, Inc.’s [Nasdaq: PHIIK, PHII] largest shareholders, Timothy Stabosz, who owns roughly 11% of the company’s non-voting (PHIIK) shares, today released an “open letter to management,” calling on the company to address, and refute, a story published by Debtwire on February 11th. Such letter is provided below in its entirety. Separately, Stabosz announces... Read more
23-Oct-2018Source: PHI Inc.
PHI, Inc. (The Nasdaq Select Global Market: PHII (voting); PHIIK (non-voting)) (“PHI”) announced that it is further extending the expiration time of its previously-announced cash tender offer (the “Tender Offer”) to purchase any and all of the $500 million aggregate principal amount of its outstanding 5.25% Senior Notes due 2019 (the “2019 Notes”) and its... Read more
2-Oct-2018Source: PHI
PHI, Inc. (The Nasdaq Select Global Market: PHII (voting); PHIIK (non-voting)) announced today several steps related to its long-term financial and strategic positioning, including the refinancing of its senior secured revolving credit facility and a review of the Company’s potential strategic alternatives. Refinancing of Secured Debt On September 28, 2018, the Company borrowed $130 million... Read more
1-Oct-2018Source: PHI, Inc.
PHI, Inc. (The Nasdaq Select Global Market: PHII (voting); PHIIK (non-voting)) (“PHI”) announced that it is further extending the expiration time of its previously-announced cash tender offer (the “Tender Offer”) to purchase any and all of the $500 million aggregate principal amount of its outstanding 5.25% Senior Notes due 2019 (the “2019 Notes”) and its... Read more
12-Sep-2018Source: PHI
PHI, Inc. (The Nasdaq Select Global Market: PHII (voting); PHIIK (non-voting)) (“PHI”) announced that it is further extending the expiration time of its previously-announced cash tender offer (the “Tender Offer”) to purchase any and all of the $500 million aggregate principal amount of its outstanding 5.25% Senior Notes due 2019 (the “2019 Notes”) and its... Read more
4-Jul-2018Source: PHI
PHI, Inc. (The Nasdaq Select Global Market: PHII (voting); PHIIK (non-voting)) (“PHI”) announced today the early tender results of its previously-announced cash tender offer (the “Tender Offer”) to purchase any and all of the $500 million aggregate principal amount of its outstanding 5.25% Senior Notes due 2019 (the “2019 Notes”), which commenced on June 18,... Read more
19-Jun-2018Source: PHI
PHI, Inc. (The Nasdaq Select Global Market: PHII (voting); PHIIK (non-voting)) (“PHI”) announced today that it is proposing, subject to market and other conditions, to privately place (the “Debt Offering”) up to $500 million aggregate principal amount of senior secured notes due 2023 (the “2023 Notes”). Each of PHI’s existing and future domestic restricted subsidiaries... Read more
18-Jun-2018Source: PHI
PHI, Inc. (The Nasdaq Select Global Market: PHII (voting); PHIIK (non-voting)) (“PHI”) announced today that it plans to commence a cash tender offer (the “Tender Offer”), subject to the terms and conditions to be described in PHI’s Offer to Purchase and Consent Solicitation Statement to be dated June 18, 2018 (the “Offer to Purchase”), to purchase... Read more
15-Mar-2018Source: PHI
PHI, Inc. (The Nasdaq Select Global Market: PHII (voting) PHIIK (non-voting)) announced the appointment of Alan W. Brass to its Board of Directors effective March 7, 2018. Mr. Brass has been a member of the PHI Air Medical Board of Managers since 2016, leveraging his 42 years of experience working in the healthcare industry. A... Read more
15-Jan-2018Source: Helijet
Helijet International Inc. (“Helijet”) based in Richmond, B.C. Canada has entered into a Letter of Intent for the procurement and supply of up to six (6) newer model Sikorsky S-76C++ helicopters with PHI, Inc. (“PHI”) based in Lafayette, Louisiana, USA. The companies have signed definitive agreements for the delivery and acceptance of the first three... Read more
5-Jan-2018Source: HNZ
HNZ Group Inc. (TSX: HNZ) (“HNZ” or the “Corporation”) and PHI, Inc. (The Nasdaq Select Global Market: PHII (voting) PHIIK (non-voting)) (“PHI”) announced today that they have completed the previously announced statutory plan of arrangement under Section 192 of the Canada Business Corporations Act (the “Arrangement”) involving the acquisition by Don Wall, the Corporation’s President... Read more
1-Nov-2017Source: HNZ Group
HNZ Group Inc. (TSX: HNZ) (“HNZ” or the “Corporation“) and PHI, Inc. (The Nasdaq Select Global Market: PHII (voting) PHIIK (non-voting)) (“PHI“) announced today that, together with Don Wall, the Corporation’s President and CEO, they have entered into an arrangement agreement (the “Arrangement Agreement“) pursuant to which Don Wall, through a wholly-owned acquisition company (the “Canadian... Read more
2-May-2017
On May 2, 2017, about 0635 central daylight time, a Bell 407 made a precautionary landing at Grand Bay receiving station in the Gulf of Mexico, near Boothville, Louisiana, after the pilot noticed a vibration in-flight. VMC prevailed at the time of the accident.The non-scheduled domestic passenger flight was being conducted under the provisions of... Read more
6-Apr-2017
On April 3, 2017 PHI HNZ Australia PTY Limited performed its first flight for the Inpex-led Ichthys LNG Project, based out of Broome, Western Australia. The PHI HNZ joint venture supplies up to four Sikorsky S-92 heavy helicopters providing transportation services for the Ichthys LNG Project’s massive offshore facilities in Australia. This new contract builds... Read more
8-Mar-2017Source: Sikorsky
Sikorsky, PHI Inc. and Outerlink Global Solutions, a Metro Aviation company, today announced that the S-92® helicopter has demonstrated the ability to transmit in-flight, real-time Health and Usage Monitoring Systems (HUMS) data to PHI’s operations control center. The announcement came at the 2017 Helicopter Association International Heli-Expo show. With this new capability, PHI operators can... Read more
7-Feb-2017Source: HNZ
HNZ Group Inc. (TSX: HNZ) (the “Corporation”), an international provider of helicopter transportation and related support services, announced today that it has entered into a joint venture with PHI, Inc. (“PHI”) to provide offshore helicopter transportation services for the INPEX-led Ichthys LNG Project. INPEX is Japan’s largest oil and gas exploration and production company, and... Read more
6-Dec-2016Source: HNZ Group
HNZ Group Inc. (TSX: HNZ) (the “Corporation”), an international provider of helicopter transportation and related support services, announced today that it has entered into a joint venture with PHI, Inc. (“PHI”) to provide offshore helicopter transportation services for the INPEX-led Ichthys LNG Project. INPEX is Japan’s largest oil and gas exploration and production company, and... Read more
10-May-2016Source: PHi
PHI, Inc. (The Nasdaq Global Market: PHII (voting) PHIIK (non-voting)) today reported financial results for the quarter ended March 31, 2016. Consolidated operating revenues for the three months ended March 31, 2016 were $164.0 million, compared to $204.2 million for the three months ended March 31, 2016, a decrease of $40.2 million. Oil and Gas... Read more
5-Feb-2016Source: Pro Star
PHI has been working diligently to become an early adopter of the FAA Mandate that requires all Part 135 Helicopter Emergency Medical Service (HEMS) aircraft to be equipped with a Helicopter Terrain Awareness and Warning System (HTAWS) by April 24, 2017. With the large number of Bell 407 aircraft requiring modification, PHI sought the expertise... Read more
10-Aug-2015Source: PHi
PHI, Inc. (The Nasdaq Global Market: PHII (voting) PHIIK (non-voting)) today reported financial results for the quarter ended June 30, 2015. Consolidated operating revenues for the three months ended June 30, 2015 were $198.5 million, compared to $212.1 million for the three months ended June 30, 2014, a decrease of $13.6 million. Oil and Gas... Read more
8-Jun-2015
Emergency landing in marsh area. Boom damaged... Read more
3-Jun-2015Source: Medical Center of Plano
Air ambulances are called when minutes matter and a new partnership with The Medical Center of Plano and PHI Air Medical (PHI) are ensuring that patients receive the most advanced trauma treatment available while in flight. The Medical Center of Plano is supplying PHI with plasma and blood products for placement on four of its... Read more
13-May-2015Source: Outerlink
Operators who support global Oil & Gas producers are known for their high standard of helicopter operations. In recent years, the desire to increase connectivity to the aircraft coupled with the sharp decline in world oil prices has posed a particularly difficult economic challenge to those companies. As the need for enhanced safety and reliability... Read more
4-May-2015Source: NDTV
State-run Pawan Hans Limited (PHL) plans to acquire two seaplanes and 20 helicopters in the current fiscal as part of its expansion plans, the company said today. See Full Story... Read more
8-Apr-2015Source: The Louisiana Record
Two global maritime enterprises have sued a helicopter company, citing nonpayment of a 2013 rescue operation. See Full Story... Read more
17-Mar-2015Source: Able
Able Aerospace Services and leading helicopter services company PHI, Inc. have signed a formal service agreement assigning all of PHI’s Bell 206L and 407 component overhaul and exchange work to Mesa, Arizona-based Able. “We have been using Able’s services for years, and in that time have saved millions of dollars through direct purchase savings, increased... Read more
4-Mar-2015Source: AgustaWestland
AgustaWestland announced today that PHI’s AW139 fleet has passed a key milestone of 25,000 flight hours. The important result was achieved by a fleet of ten helicopters performing offshore transportation missions in the Gulf of Mexico since 2011, with the PHI AW139 fleet leader aircraft having accrued more than 3,500 flight hours in less than... Read more
1-Mar-2015Source: PHI
PHI, Inc. (The Nasdaq Global Market: PHII (voting) PHIIK (non-voting)) today reported financial results for the year ended December 31, 2014. Consolidated operating revenues for the year ended December 31, 2014 decreased $20.2 million compared to the year ended December 31, 2013. Oil and Gas segment revenues increased $27.8 million primarily as a result of... Read more
19-Feb-2015Source: Research and Markets
Research and Markets (http://www.researchandmarkets.com/research/scb82h/global_air) has announced the addition of the “Global Air Ambulance Market 2015-2019” report to their offering. The Global Air Ambulance market to grow at a CAGR of 9.57 percent over the period 2014-2019. Air ambulance services are sophisticated and advanced medical services provided in a mobile environment. These services have become an... Read more
28-Jan-2015Source: Dailycomet
In spite of the recent downturn in oil prices, officials said service expansions planned for the Houma-Terrebonne Airport should move forward as planned. See Full Story... Read more
10-Nov-2014Source: PHi
PHI, Inc. (The Nasdaq Global Market: PHII (voting) PHIIK (non-voting)) today reported financial results for the quarter ended September 30, 2014. Consolidated operating revenues for the three months ended September 30, 2014 were $216.3 million, compared to $200.8 million for the three months ended September 30, 2013, an increase of $15.5 million. Oil and Gas... Read more
21-Oct-2014Source: HeliOffshore
Five major helicopter operators today officially announced a new industry association – HeliOffshore – for organisations with an interest in working together on safety in offshore helicopter transport. The new association was introduced at a launch event at its offices in London. Founded by five major helicopter operators, HeliOffshore will use cross-industry cooperation as a... Read more
15-Sep-2014Source: HAI
Past HAI chairman and former PHI vice president and chief pilot Vernon E. Albert passed away on September 11 after a long battle with cancer. He was 72. “I was profoundly saddened to learn of Vern’s passing on Thursday,” said HAI President and CEO Matt Zuccaro. “It was my distinct pleasure to serve with him... Read more
14-Aug-2014Source: PHi
PHI, Inc. announced today that the company has achieved the highest level (Level 4) of the Federal Aviation Administration’s voluntary Safety Management System (SMS) pilot program. SMS is rapidly becoming a worldwide standard throughout the aviation industry and is recognized by the Joint Planning and Development Office (JPDO), International Civil Aviation Organization (ICAO), and Civil... Read more
28-Jul-2014Source: Cyprus Airways
An important strategic agreement was signed between Cyprus Airways and P.H.I. Air Europe Ltd. P.H.I. Air Europe Ltd is a Joint venture partnership with P.H.I. Helicopters Inc who have chosen Cyprus as their eastern Mediterranean and southern Europe HQ. PHI Inc is one of the largest operators in the world in the field of helicopter... Read more
29-May-2014Source: Arnold & Itkin LLP
The nearly $1.7 million verdict won by Houston civil litigation firm Arnold & Itkin LLP for an offshore worker who was injured in a helicopter accident is being recognized as the top aviation verdict in Texas during 2013, according to the legal reporting service VerdictSearch. Arnold & Itkin attorneys Cory Itkin and Caj Boatright represented... Read more
11-May-2014Source: PHi
PHI, Inc. (The Nasdaq Global Market: PHII (voting) PHIIK (non-voting)) today reported financial results for the quarter ended March 31, 2014. Consolidated operating revenues for the three months ended March 31, 2014 were $197.1 million, compared to $179.0 million for the three months ended March 31, 2013, an increase of $18.1 million. Oil and Gas... Read more
1-Apr-2014Source: PHi
PHI, Inc. (“PHI”) (The Nasdaq Global Market: PHII (voting) and PHIIK (non-voting)) announced today the final results of the previously-announced tender offer and consent solicitation (the “Tender Offer”) for all of its outstanding 8.625% Senior Notes due 2018 (the “2018 Notes”). The Tender Offer expired at 12:00 midnight, New York City time, at the end... Read more
19-Mar-2014Source: PHi
PHI, Inc. (“PHI”) (The Nasdaq Global Market: PHII (voting) and PHIIK (non-voting)) announced today that it had completed its previously-announced private offering of $500 million of 5.25% Senior Notes due 2019 (the “2019 Notes”). PHI also announced that it used a portion of the net proceeds from its sale of the 2019 Notes to concurrently... Read more
19-Mar-2014Source: PHi
PHI, Inc. (“PHI”) (The Nasdaq Global Market: PHII (voting) and PHIIK (non-voting)) announced today that it had received, as of 12:00 midnight, New York City time, at the end of March 14, 2014 (the “Early Tender Deadline”), tenders and consents from holders of 97.52% of the aggregate principal amount of its outstanding 8.625% Senior Notes... Read more
9-Mar-2014Source: PHI
PHI, Inc. (“PHI”) (The Nasdaq Global Market: PHII (voting) and PHIIK (non-voting)) announced today that it has agreed to sell $500 million of newly-issued unsecured five-year senior notes. The senior notes due 2019 were priced at par with a coupon rate of 5.25%. The offering is expected to close on March 17, 2014, subject to the... Read more
6-Mar-2014Source: PHi
PHI, Inc. (“PHI”) (The Nasdaq Global Market: PHII (voting) and PHIIK (non-voting)) announced today that it intends, subject to market and other conditions, to offer up to $500 million aggregate principal amount of fixed-rate senior notes with a five-year maturity through a private offering exempt from registration under the Securities Act of 1933, as amended (the... Read more
4-Mar-2014Source: PHI
PHI, Inc. (The Nasdaq Global Market: PHII (voting) and PHIIK (non-voting)) today announced that it is commencing a cash tender offer (the “Offer”) for any and all of its $300,000,000 aggregate principal amount of 8.625% Senior Notes due 2018 (the “Notes”) on the terms and subject to the conditions set forth in PHI’s Offer to... Read more
2-Mar-2014Source: PHI
PHI, Inc. (“PHI”) (The Nasdaq Global Market: PHII (voting) PHIIK (non-voting)) today reported financial results for the year ended December 31, 2013. Consolidated operating revenues for the year ended December 31, 2013 were $856.5 million, an increase of $209.8 million over the year ended December 31, 2012. Oil and Gas segment revenues were $489.0 million... Read more
26-Feb-2014Source: Rolls-Royce
Rolls-Royce has signed multi-year agreements with four large fleet operators, aimed at enhancing operational support for more than 220 helicopters. The agreements provide vital engine repairs and overhauls through the authorizedRolls-Royce FIRST network, which guarantees the use of genuine Rolls-Royce parts and exclusive use of the Rolls-Royce M250 repair network, as well as access to tailor-made technical manual libraries. Greg Fedele, Rolls-Royce,... Read more
14-Nov-2013Source: Sikorsky
Sikorsky Aircraft Corporation and PHI Inc. announced today the completion of the first operational flights of the new “Rig Approach” system, a first of its kind functionality on the S-92®helicopter that provides helicopter operators with an automated approach to offshore rigs and platforms. The flights occurred yesterday. Earlier this year, two FAA Demonstration test flights... Read more
12-Nov-2013Source: PHi
-PHI, Inc. (The Nasdaq Global Market: PHII (voting) PHIIK (non-voting)) today reported financial results for the quarter ended September 30, 2013. Operating revenues for the three months ended September 30, 2013 were $200.8 million, compared to $170.9 million for the three months ended September 30, 2012, an increase of $29.9 million. Consolidated net income for... Read more
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
2-Aug-2013Source: Motley Fool
Is PHI sending any potential warning signs? see full story... Read more
24-Jun-2013Source: Houma Today
Following the floods brought by Hurricane Katrina, many oilfield transport companies began relocating their aircraft to areas less prone to flooding – Houma-Terrebonne Airport has benefitted and is now the 4th busiest airport in Louisiana – see full story... Read more
7-May-2013Source: Sikorsky
Sikorsky Aircraft Corp. today announced the Federal Aviation Administration (FAA) has approved a new functionality on the S-92® helicopter to provide offshore oil operators with an automated approach that reduces cockpit workload by 60 percent and allows safer operations under challenging weather and operating conditions. Sikorsky, a subsidiary of United Technologies Corp. (NYSE: UTX), developed... Read more
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
18-Mar-2013Source: PHI Inc
PHI, Inc. (“PHI”) (The Nasdaq Global Market: PHII (voting) PHIIK (non-voting)) today reported financial results for the year ended December 31, 2012. Consolidated operating revenues for the year ended December 31, 2012 increased $107.1 million over the year ended December 31, 2011. Our Oil and Gas medium and heavy aircraft flight hours and revenues increased... Read more
