Rotor & Wing Magazine :: Commercial :: Offshore

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January 15, 2016
The declining and unpredictable oil and gas market is not shrinking Lockheed Martin’s interest in the commercial helicopter market, according to the Reuters news agency.   Citing a top L-M business development executive, Reuters said oil’s decline is not just affecting...
January 8, 2016
  ENSCO DS6 Drillship taking on fuel bunkers in Walvis Bay, Namibia during the transit to Angola and start of contract with BP. Photo courtesy of CellsDeDells / CC BY-SA 3.0   Helicopter operators and other service providers will suffer as retirements of offshore oil and gas rigs speed up this year, said Evercore ISI. Brazil posed particular concerns.    The investment banking...
December 31, 2015
Photo courtesy of Gian Marco Anzellotti / CC BY 2.0   On Jan. 1, the legendary names Agusta and Westland begin to move from the rolls of active helicopter manufacturers to those of historic ones.    Parent company Finmeccanica is completing its 18-month process of centralizing and integrating the operations of its diverse aerospace, defense...
December 24, 2015
    Era Group says it has taken delivery of its first two AgustaWestland AW189s following work on “technical acceptance” issues for the aircraft. The Houston, Texas-based offshore and...
December 23, 2015
  Photo courtesy of Bristow Group   Offshore oil and gas support leader Bill Chiles is to be honored next month during the Living Legends of Aviation awards ceremony in Beverly Hills, California. The CEO emeritus of Bristow Group and current chairman of the international flight safety group HeliOffshore, Chiles will...
December 15, 2015
Waypoint Leasing has closed an agreement to provide multiple aircraft for offshore support services in Brazil by Omni Taxi Aereo, the Limerick, Ireland-headquartered lessor said. The deal is with...
December 14, 2015
Finmeccanica denied that it has received an offer from Boeing to buy AgustaWestland’s British unit and said that unit is not for sale, the...
December 10, 2015
One of Canada's largest air ambulance operators is scrapping plans to sell its 10 AgustaWestland AW139s, citing a weakened used-helicopter market resulting from the slump in oil prices, according...
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%...
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