CHC Group announces $450 million in commitments to recapitalize the company

| October 12, 2016

article image
CHC Group has announced that it has entered into a plan support agreement (PSA) with respect to the terms of a Chapter 11 plan of reorganization. The PSA contemplates a comprehensive recapitalization of the company that will provide $300 million in new capital from its existing creditors, as well as terms for restructured aircraft leases and additional asset based financing commitments of $150 million from its largest lessor and its affiliates.

Spotlight

Avisa Aviation Safety Systems

AVISA is a leading global aerospace airworthiness and aviation safety consultancy with offices in the UK, and the Middle East.

OTHER ARTICLES

What Aircraft Are Best Suited For Arctic Flight?

Article | April 13, 2020

When operating aircraft above the Arctic Circle (66.5° N latitude) there are certain hazards to be aware of. We decided to take a look at what aircraft are best suited for Arctic flight.A huge problem with flying in the Arctic is not just icing, but the visual restrictions that are placed on pilots. During the spring and fall, whiteout or flat light can distort what a pilot sees. The horizon can suddenly disappear making objects appear as if they are floating in the air. This can make things like mountain ranges extremely difficult to judge.

Read More

The future of aviation will be greener and faster than ever before

Article | April 13, 2020

While flying cars may someday deliver on the Jetsons-like promise of buzzing around cities in robotic air taxis, the future of commercial aviation is no less tantalising. Companies large and small are working on cleaning up the skies with electric airplanes, bringing back supersonic travel, and even flirting with the edge of space to transport passengers across the world.

Read More

What 2019 Taught Us About the U.S. Airline Industry

Article | April 13, 2020

For U.S. airlines, the fourth earnings season is now complete. And as is customary these days, all players produced solid profits. Collectively, Delta, American, United, Southwest, Alaska, JetBlue, Hawaiian, Spirit, and Allegiant reached a double-digit operating margin, topping 10 percent on nearly $46 billion in revenues. For all of 2019, they earned 11 percent on $184 billion. The year before: 10 percent on $175 billion. No other country has an airline industry so stable and profitable. What were the highlights of the final quarter of the final year of the decade? Here’s a review:

Read More

Is British Airways Eyeing A350 Flights To Melbourne Australia?

Article | April 13, 2020

The aviation world is abuzz with a rumor that British Airways is at least contemplating a return to the capital of Victoria. The UK flag carrier hasn’t flown to Melbourne since 2006, but inside information is suggesting that it’s a destination that is on the table for future network expansion. Currently, British Airways is the only UK airline still flying to Australia. Virgin Atlantic ended its London-Hong Kong-Sydney service in 2014, leaving just British Airways operating to Oceania, with its sole route a one stop itinerary between Heathrow and Sydney. Prior to this, BA had flown to Melbourne and Brisbane too, with stops in Hong Kong and Bangkok in the routings too.

Read More

Spotlight

Avisa Aviation Safety Systems

AVISA is a leading global aerospace airworthiness and aviation safety consultancy with offices in the UK, and the Middle East.

Events