2015 News

  1. CHC Group Reports Fiscal 2016 Second Quarter Results

    - Continued execution of cost reduction program significantly offsets market headwinds. Net loss of $42 million in quarter resulting from relatively flat Adjusted EBITDAR, excluding special items, year-over-year. Adjusted EBITDAR margin, excluding special items, improved 720 basis points year-over-year
  2. CHC Offers Discount for Early Registration to 12th Annual CHC Safety and Quality Summit

    –Vancouver, British Columbia, Canada – CHC Helicopter is offering discounts for early registration to the 12th annual CHC Safety and Quality Summit, one of the world’s premier aviation-safety conferences.
  3. CHC Group Announces Anticipated Ratio for Reverse Share Split and the Acceptance of Its Continued Listing Plan by the NYSE

    –Vancouver, British Columbia, Canada – CHC Group (NYSE: HELI; the “Company”), the parent company of CHC Helicopter, today announced that on December 1, 2015, the Company’s Routine Transactions Committee of the board of directors (the “Board”) authorized, pursuant to authority delegated to it by the Board, a 1-for-30 reverse share split of the Company’s ordinary shares, subject to shareholder approval and final approval by the Board. The reverse share split is anticipated to become effective at the open of trading on the New York Stock Exchange (the “NYSE”) on December 11, 2015.
  4. CHC Group Sets Dates for Fiscal-2016 Q2 Results

    –Vancouver, British Columbia, Canada - CHC Group Ltd. (NYSE: HELI), the parent company of CHC Helicopter, plans to issue its release for the fiscal-year 2016 second quarter, which ended October 31, 2015 after market close on Tuesday, December 8, 2015.
  5. Aviation Students: Grants Available to Attend 2016 CHC Safety & Quality Summit

    –Vancouver, British Columbia, Canada – Aviation students can now apply for an opportunity to attend the 12th-annual CHC Safety & Quality Summit, through grants which honour Dr. Peter Gardiner, a long-time advocate of excellence in aviation safety training.
  6. Call for Papers Issued for 2016 CHC Safety & Quality Summit in Vancouver; “Back to Basics: Prioritizing Safety in a Challenging Economy” is Theme for Leading Aviation-Safety Event

    -Vancouver, British Columbia, Canada—The call is out for papers that will characterize the 2016 edition of the world’s largest helicopter-safety conference, the CHC Safety & Quality Summit.
  7. CHC Group Reports Fiscal 2016 First Quarter Results

    -Initial cost reduction program has favorable impact and has mitigated top line pressure. Aircraft purchase commitments reduced; creates order book and capital spending flexibility.
  8. Statoil Exercise Options, Extend Contract with CHC Helicopter in Norway

    –Stavanger, Norway – Statoil has exercised options to extend its contract with CHC Helikopter Service AS, securing helicopter search-and-rescue services to its Tampen and Oseberg fields until 2019 in a deal worth over $90 million.
  9. CHC Group Receives Continued Listing Standard Notice from NYSE

    –Vancouver, British Columbia, Canada – CHC Group (NYSE: HELI; the “Company”), the parent company of CHC Helicopter, today announced that on August 28, 2015, the Company was notified by the New York Stock Exchange (“NYSE”) that the Company is not in compliance with the NYSE’s continued listing standards as the Company failed to maintain an average global market capitalization greater than $50 million over a 30 trading-day period and stockholders’ equity greater than $50 million, each as calculated by the NYSE. The NYSE notification has no impact on the Company’s business operations.
  10. CHC Group Sets Dates for Fiscal-2016 Q1 Results

    –Vancouver, British Columbia, Canada - CHC Group Ltd. (NYSE: HELI), the parent company of CHC Helicopter, plans to issue its release for the fiscal-year 2016 first quarter, which ended July 31, 2015 after market close on Tuesday, September 8, 2015.
  11. CHC Group Receives Continued Listing Standard Notices from NYSE

    - Vancouver, British Columbia, Canada - CHC Group Ltd. (NYSE: HELI; the “Company”), the parent company of CHC Helicopter, today announced that on July 23, 2015, the Company was notified by the New York Stock Exchange (“NYSE”) that the trading price of HELI is not in compliance with the NYSE’s continued listing standard that requires a minimum average closing price of $1.00 per share over a period of 30 consecutive trading days. The NYSE notification has no impact on the Company’s business operations.
  12. CHC Group Reports Fourth Quarter and Full Year 2015 Results

    –Vancouver, British Columbia, Canada – CHC Group (NYSE: HELI), the parent company of CHC Helicopter, reported revenue of $374 million and a net loss of $119 million for its fiscal 2015 fourth quarter, which ended April 30, 2015. Full-year consolidated revenue was $1.7 billion, a decline of 3 percent year-over-year, driven by the impact of currency translation as the U.S. dollar strengthened. On a constant currency basis, full year revenue increased 1 percent.
  13. CHC Group Sets Dates for Fiscal-2015 Q4 Earnings

    –Vancouver, British Columbia, Canada - CHC Group Ltd. (NYSE: HELI), the parent company of CHC Helicopter, plans to issue its earnings release for the fiscal-year 2015 fourth quarter, which ended April 30, after market close on Monday, June 29.
  14. CEO Promotes Inclusion, Engagement, and Delivery at Inaugural HeliOffshore Conference

    -Lisbon, Portugal – HeliOffshore Chief Executive Officer Gretchen Haskins, in closing remarks yesterday, commended “inclusion, engagement and delivery” to more than 150 leaders attending the Annual Conference and General Meeting of global offshore helicopter association, HeliOffshore.
  15. CHC Group Announces the Expiration of Its Tender Offer to Purchase up to $80 Million Aggregate Principal Amount of Its Outstanding 9.375% Senior Notes Due 2021

    –Vancouver, British Columbia, Canada – CHC Group Ltd. (NYSE: HELI), announced today that as of midnight New York City time on May 1, 2015, the expiration date, $20,755,150 aggregate principal amount of outstanding 9.375% Senior Notes due 2021 of CHC Helicopter S.A., its indirect wholly-owned subsidiary, had been tendered and not withdrawn in the previously announced tender offer to purchase up to $80 million aggregate principal amount of the notes.
  16. CHC Helicopter Names Energy Executive as CFO Successor as Part of Planned Transition

    –Vancouver, British Columbia, Canada – CHC Helicopter, the operating company of CHC Group (NYSE: HELI), announced today that Lee Eckert will be succeeding Joan Hooper as Chief Financial Officer effective July 16, 2015.
  17. CHC Group Announces Early Tender Results with Respect to Its Tender Offer to Purchase up to $80 Million Aggregate Principal Amount of Its Outstanding 9.375% Notes Due 2021

    –Vancouver, British Columbia, Canada – CHC Group Ltd. (NYSE: HELI), announced today that as of 5:00 p.m. New York City time on April 17, 2015, the early tender date, $20,755,150 aggregate principal amount of outstanding 9.375% Senior Notes due 2021 of CHC Helicopter S.A., its indirect wholly-owned subsidiary, had been tendered and not withdrawn in the previously announced tender offer to purchase up to $80 million aggregate principal amount of the notes.
  18. CHC Group Announces Tender Offer to Purchase up to $80 Million Aggregate Principal Amount of Its Outstanding 9.375% Senior Notes Due 2021

    –Vancouver, British Columbia, Canada – CHC Group Ltd. (NYSE: HELI) announced today that its indirect wholly owned subsidiary CHC Helicopter S.A. has commenced a cash tender offer to purchase up to $80 million aggregate principal amount of its outstanding 9.375% Senior Notes due 2021. This amount may be increased at the sole discretion of CHC. If the aggregate principal amount of notes tendered exceeds this amount, the tendered notes will be subject to proration.
  19. CEO Urges Inclusion, Engagement, Accountability In Keynote at 11th-Annual CHC Safety & Quality Summit

    Vancouver, British Columbia, Canada – CHC President and Chief Executive Officer Karl Fessenden, in keynote remarks today, urged “inclusion, engagement and accountability” to about 750 people attending an internationally recognized aviation-safety event.
  20. Hooman Yazhari Joins CHC as General Counsel, Chief Administrative Officer; Anthony Dinota Named President of CHC’s Heli-One MRO Segment

    –Vancouver, British Columbia, Canada – CHC Helicopter has added a new member to its executive team and expanded the role of one of its senior leaders.
  21. CHC Group Reports Fiscal-2015 Third-Quarter Financial Results

    –Vancouver, British Columbia, Canada – CHC Group (NYSE: HELI), the parent company of CHC Helicopter, reported revenue of $415 million and a net loss of $465 million for its fiscal-2015 third quarter, which ended Jan. 31. Revenue declined 9 percent, largely driven by the impact of currency. Excluding the impact of currency, revenue declined about 2 percent.
  22. Time to Register for 11th Annual CHC Safety & Quality Summit Draws Short; Organizers Announce Recipients of Dr. Peter Gardiner Student Grants’

    –Vancouver, British Columbia, Canada – Time to register for the world’s premier aviation-safety conference remains – but is growing short.
  23. Heli-One Now Certified to Provide High-Quality MRO Services For Helicopters Operating in Brazil

    –Delta, British Columbia, Canada – Brazil is the latest in a growing number of countries where Heli-One is able to deliver its leading helicopter maintenance, repair and overhaul (MRO) services.
  24. South Korea Firefighting, Rescue Services Provider National 119, Benefits From Rapid, On-Site EC225 Support From Helicopter MRO Company Heli-One

    –Delta, British Columbia, Canada – A primary provider of private firefighting and rescue services in South Korea had one of its key helicopters safely back in service in less than one-half the expected time following routine inspection and maintenance performed by Heli-One.
  25. Japanese Aircraft Operator Aero Asahi Corporation Super Puma Helicopter Gets Swift On-Site Retrofit From MRO Company Heli-One

    –Delta, British Columbia, Canada – Japan’s national leader in aircraft charter has quickly given new life to its largest-capacity helicopter with upgrades performed promptly, safely and on site by Heli-One.
  26. Canadian Doctor, Astronaut and Aquanaut Dave Williams To Share Experience, Observations on Leadership at 2015 CHC Safety & Quality Summit

    –Vancouver, British Columbia – Dr. Dave Williams, a health care chief executive and record-breaking Canadian astronaut and aquanaut, has been confirmed as the keynote speaker for the gala dinner at the 11th-annual CHC Safety & Quality Summit.
  27. CHC Helicopter Appoints Karl S. Fessenden, Former GE Senior Executive, as New CEO

    –Vancouver, British Columbia, Canada – CHC Group Ltd. (NYSE: HELI), the parent company of CHC Helicopter, announced that the board of directors has appointed Karl Fessenden chief executive officer and a member of the board of directors effective Feb. 9, replacing William Amelio, who will be leaving the company.
  28. CHC Group Sets Dates for Fiscal-2015 Q3 Earnings

    –Vancouver, British Columbia – CHC Group Ltd. (NYSE: HELI), the parent company of CHC Helicopter, plans to issue its earnings release for the fiscal-year 2015 third quarter, which ended Jan. 31, after market close on Monday, March 16.
  29. Additional Training Courses Now Available at 2015 CHC Safety & Quality Summit

    –Vancouver, British Columbia, Canada – People planning to attend the 2015 CHC Safety & Quality Summit now have the opportunity to receive additional training and certification by registering for pre- and post-summit training courses.
  30. Irish Coast Guard Completes Record Number of Missions with New Helicopter Fleet

    –Dublin, Ireland – The Irish Coast Guard (IRCG) completed a record number of missions during 2014, moving 730 people from danger to safety, often in challenging weather conditions.