Rotor & Wing Magazine :: Commercial :: Offshore

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December 9, 2015
“We don’t have the luxury of not looking under every rock,” said CHC Group CFO Lee Eckhert Wednesday while explaining that the company is scrutinizing its entire operation amid an oil-market downturn that promises to be even more protracted than was envisioned just three months ago.    Eckhert and Karl...
December 8, 2015
Oil prices have hit lows not seen since the 2009 global financial crisis as investors await updates from two major offshore helicopter support firms. CHC Group was scheduled to post fiscal 2016 second-quarter results today after U.S. financial markets close. Early on Dec. 10...
December 7, 2015
AgustaWestland owner Finmeccanica has rejected a Boeing bid to buy its U.K. helicopter unit, according to a Dec. 6 report by The Sunday Times. The London newspaper, citing industry sources, said the U.S. aerospace and defense...
December 3, 2015
Photo by Anthony Pecchi, courtesy of Airbus Helicopters Airbus Helicopters’ 11-ton H225 has become the first foreign “heavy-class” helicopter certified by Russia’s...
November 27, 2015
India has eased financial restrictions on importing helicopters and other aircraft for scheduled and non-scheduled service, according to that nation’s central bank. Previously, a bank could not clear advance payments of $50...
November 27, 2015
AgustaWestland has been testing the high- and low-altitude capabilities of its AW169 in California. A prototype of the 10,000-lb-class, 10-passenger helicopter performed hover, low-speed flight and rescue-hoist/cargo-hook...
November 25, 2015
Era Group now has 40 days left to revive a soon-to-expire offshore transport contract with Petrobras. The struggling Brazilian oil giant contract with Era for offshore support with...
November 23, 2015
Growing government and corporate use of helicopters in Southeast Asia is fueling demand for maintenance, repair and overhaul services in the region, Channel NewsAsia...
November 18, 2015
HeliOffshore is offering helicopter operators around the world guidelines for standardizing and improving their use of health and usage monitoring systems (HUMS). The global safety assn. for the offshore helicopter industry said the guidelines and an associated implementation guide are the result of more than...
November 17, 2015
There is more at stake in the current Washington debate over privatizing the U.S. air traffic control system than who controls the nation’s airspace, said Ed Bolen in opening the National Business Aviation Assn.’s annual convention in Las Vegas Tuesday morning. The NBAA president/CEO acknowledged that control clearly is a huge part of the debate. U.S. airlines have spent years and hundreds of...
November 16, 2015
HNZ Group will suspend monthly dividend payments following an $8 million net loss in the quarter that ended Sept. 30. The Montreal-based company said that payments would stop after the December dividend is paid on Jan. 15. The company’s third quarter is “normally a seasonally strong” one, said HNZ President/CEO Don Wall. (The company reported a net income of $9.58 million in 2014’s...
November 12, 2015
Bristow Group’s U.K. SAR contract was one bright spot in the latest quarter’s financial performance. Steady growth in SAR work, recently acquired fixed-wing operations through Eastern Airlines and Airnorth, along with its ongoing economic restructuring efforts, all together managed to keep year-over-year quarterly revenues flat (excluding foreign exchange effects) despite an 8%...
November 12, 2015
Photo courtesy of XTI Aircraft XTI Aircraft is seeking U.S. approval to convert $13.8 million in “expression of interest” in its TriFan 600 business aircraft proposal into real investments. The Denver-based company launched the “crowdfunding” initiative on Aug. 25 to reach out to individual investors. To...
November 10, 2015
Offshore helicopter support operators face economic challenges that are unmatched in their history, said Bristow Group President/CEO Jonathan Baliff. “This industry at its current scale has not faced this level of commercial, foreign exchange and financial market headwinds before,” said Baliff. Bristow reported financial results for the second quarter of its 2016 fiscal year that included a 96%...
November 10, 2015
“Lower for longer” has been the in-vogue catchphrase for the oil industry since about August. Leaders like Goldman Sachs and BP CEO Bob Dudley have used it. Offshore operators have embraced it, with the latest Era Group and Bristow Group financial reports...
November 9, 2015
Bell Helicopter does not expect the commercial helicopter market to recover until early to mid-2017, according to a Reuters report from this week’s Dubai Air Show. The news service quoted Bell’s vice...
November 9, 2015
India's conglomerate Tata has added Boeing to its list of aerospace joint-venture partners. The subsidiary Tata Advanced Systems Ltd. and Boeing today said their new joint venture initially will create a “manufacturing center of excellence” to...
November 6, 2015
Globally, the helicopter market “is more at the bottom than at the top,” Turbomeca CEO Bruno Even told R&WI. “In the last two years, all OEMs have been facing the same slowdown in the market.” That said, he added that Turbomeca is committed to investing in innovative new products and improved customer satisfaction. “We have a...
November 5, 2015
One minute before midnight EST Nov. 6 is the deadline for the public to submit comments to the FAA’s drone registry task force. The 26-member group will wrap up three days of deliberations in Washington, D.C., today...
November 5, 2015
Era Group has more helicopters than it can use to support offshore oil and gas production and exploration and is looking to trim new aircraft orders as it pares its existing fleet. The Houston-based operator said its third-quarter net income plunged 79% to $900,000 this year from $4.3 million in the same period for 2014. Year over year, operating revenues for the quarter dropped 23% to $69.7...
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