News Stories

KKR INVESTS IN WESTSTAR AVIATION SERVICES - Oct/29/2013, 11:44PM

Weststar Aviation Services Sdn Bhd ("Weststar" or the "Company") announced that KKR, a leading global investment firm with more than US$83.5 billion in assets under management, has invested approximately RM642 million (US$200 million) for a substantial minority equity stake in the Company. This will be KKR's first investment in Malaysia. Additional terms of the transaction were not disclosed...Read More

First production AW189 helicopter takes off - Oct/29/2013, 11:42PM

The first production AW189 helicopter has undertaken its maiden flight at AgustaWestland’s Vergiate plant in Italy on 10 October. The flight followed the AW189 Type Board Meeting in Cologne, which is an important milestone in the completion of the Type Certification activities.

The first production 8-tonne class, twin engine helicopter is due for delivery to Bristow Helicopters before...Read More

Bristow introduces first AW189 for GDF SUEZ E&P UK - Oct/29/2013, 11:39PM

Bristow Helicopters has announced that as the launch customer for the AgustaWestland AW189, the first helicopter will enter service in support of GDF SUEZ E&P UK’s oil and gas operations in the North Sea from Q2 2014.

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Erickson Air-Crane to buy Air Amazonia Aerial Services - Jul/30/2013, 10:39PM

"Erickson Air-Crane, Incorporated (“Erickson” or “the Company”) (NASDAQ: EAC) today announced that it has signed a definitive purchase agreement to acquire Air Amazonia Serviços Aeronauticos Ltda. (“Air Amazonia”), the aviation services division of HRT Participações em Petróleo S.A. (“HRT”), as well as a fleet of six aircraft and ground facilities..."

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Milestone announces new $300 million credit facility - Jul/30/2013, 10:24PM

"Milestone Aviation Group has announced that it has secured a new $300 million credit facility that will enable the company to acquire and lease helicopters valued at US$400 million to affiliates of Bristow Group. The assets include the Sikorsky S-92, Eurocopter EC225 and AgustaWestland AW189 and AW139 aircraft...."

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SonAir EC225s resume passenger transport flights - Jul/30/2013, 10:18PM

...The EC225 helicopters in service with the SonAir, the aviation arm of Angola’s national oil company, have resumed passenger transportation flights following the resolution of issues with the aircraft’s main gearbox that have grounded the fleet for months....

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DanCopter receives its fourth EC225 helicopter for offshore transport duties - Jul/30/2013, 10:13PM

...“This latest helicopter will provide additional resources as the EC225 returns to service on North Sea transportation missions,” DanCopter’s Jensen said. “Safe operations are the top priority for us, and we have confidence in the EC225’s ability to resume its role as a workhorse on our off- shore oil and gas missions.”...

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Eurocopter EC225 helicopters to resume their full mission operability worldwide - Jul/22/2013, 11:51AM

...The European Aviation Safety Agency (EASA) regulatory authority validated on July 10 these safety measures, which were developed by Eurocopter after an extensive investigation into the main gear box shaft failures of two EC225 helicopters in the North Sea in 2012. EASA’s validation was followed by the U.K. Civil Aviation Authority’s lifting of operational restrictions on the same day, with...Read More

EASA approves interim fix for EC225 over-water flights - Jul/17/2013, 11:19PM

Following publication of an airworthiness directive by the European Aviation Safety Agency (EASA) for Super Puma helicopters on 9 July 2013, the UK Civil Aviation Authority (CAA) will subsequently amend its operational restriction on the helicopter type, allowing each aircraft to return to service once the requirements of the EASA directive are met...

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Bristow Group Announces Sale of Its 50% Interest In The FB Entities, an Unconsolidated U.K. Joint Venture, for 74 Million Pounds Sterling - Jul/17/2013, 11:05PM

Bristow Group sells holdings worth $112Million USD to make way for investment into the Growing Helicopter Industry catering to the Oil and Gas sector and Civilian SAR.

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Aerogulf hopes to establish Omani operator with local partner - Jul/03/2013, 10:05PM

By Conrad Prabhu — MUSCAT — Aerogulf Services Company, a commercial helicopter operator and aviation maintenance services provider based in the United Arab Emirates, hopes to establish the Sultanate’s first civilian helicopter company in joint venture with an Omani partner. According to a senior company representative, discussions aimed at setting up a full-fledged chopper firm in the...Read More

Omni Helicopters International S.A. announces appointment of Richard Burman as Group CEO - Jun/21/2013, 5:30PM

Portugal-based Omni Helicopters International S.A. has announced the appointment of Richard Burman as Group Chief Executive Officer, effective immediately. The announcement was supported by OHI shareholders Stirling Square Capital Partners and Omni Netherlands BV.

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British International Helicopter Services snapped up - Jun/12/2013, 11:24AM

Patriot Aerospace, one the UKs largest helicopter operators has bought BIH. This will certainly add to their competitiveness in the Oil and Gas sector.

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Helicopter makers woo oil sector with speed and comfort - Jun/12/2013, 11:23AM

Forecasts of a great shift in the helicopter markets over the next 7 years shows the Oil and Gas sector accounting for up to 70% of the market by 2020. Manufacturers are focusing on Bigger, faster and more comfortable in an effort to appeal to this growing market.

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Sikorsky closes S-92 order from China's CITIC Offshore Helicopter - Jun/12/2013, 11:23AM

One of the business announcements that have come out of the Paris Airshow this month with regard to the Oil and Gas Sector in Asia.

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Sikorsky to convert Brunei Shell S-92 for SAR work - Jun/12/2013, 11:23AM

16 May, 13

Sikorsky Aerospace Services (SAS) announced plans today to perform the first post-delivery Search and Rescue (SAR) modifications to Brunei Shell’s Sikorsky S-92® helicopter. Originally configured for offshore oil missions, the aircraft will undergo a comprehensive conversion to a SAR configuration to serve customers in Borneo and the surrounding Southeast Asia region. SAS is...Read More

Making Waves - Jun/12/2013, 11:23AM

This is an interesting perspective on how the post recession helicopter sales and leasing industry has changed and can give us some insight into where we should be focusing our efforts.

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