Mark Huber is an aviation industry veteran who has worked in the flight training, aircraft sales, aircraft component, and airport development businesses. He has flight time in more than 50 different and diverse aircraft, including helicopters, aerobatic aircraft, vintage warbirds, jet fighters, business jets and turboprops, and transport-category aircraft. He has jumped out of several of these—on purpose—with a parachute. His defense and aviation journalism has been published in a variety of national and international periodicals.

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Mark Huber

U.S.-based PHI and Canada's HNZ announced a two-part transaction yesterday wherein HNZ's long-time CEO Don Wall will acquire all of HNZ's outstanding stock for $188.8 million, after which PHI will buy HNZ's operations in Australia, New Zealand, Papua New Guinea and the Philippines from Wall for an undisclosed sum. The deal represents a 43 percent premium for HNZ shareholders.

 


"This acquisition is an important part of our plan to diversify our [helicopter] services and international footprint," said PHI chairman and CEO Al Gonsoulin. "Together, PHI and HNZ bring a unique approach and skill to the international customer."

 


PHI operates more than 230 aircraft from 85 locations worldwide and employs 2,300. HNZ operates 115 helicopters worldwide under the brands Acasta, Canadian Helicopters and HNZ. It employs 600 from 36 locations.

 


Last year, PHI lost $26.68 million on revenues of $634 million; its 2015 revenues were $804.2 million with a $26.9 million profit. In 2016, HNZ had earnings of $248,000 on revenues of $212 million. HNZ's second-quarter 2017 revenues and flight hours were both down from the year-ago period, with revenues dropping off marginally to $56.4 million from $57.3 million and flight hours falling 7.2 percent. However, HNZ has recently gained significant new business in Asia-Pacific, including contracts for INPEX crew transport and INPEX-Shell search and rescue.

News and issues regarding all manner of civil and military rotorcraft and their powerplants, including helicopters, tilt rotors and unmanned air vehicles.

PHI Buying HNZ's Asia-Pacific Operations

The deal represents a 43 percent premium for HNZ shareholders.

2024 Corporate Aviation Leadership Summit

Matt Thurber

New developments and products in avionics, specifically about aircraft electronics in the cockpit.

News and issues relating to business, corporate and private aviation, primarily regarding turbine-engine-powered airplanes and helicopters. Subjects include aircraft, engines, maintenance, operations, personnel, acquisitions, accidents, safety, security, and training.

The upgrade makes the helicopter much simpler to fly

ACE Aero Modding Black Hawks with Skyryse Controls

News and issues about aviation maintenance, repair and overhaul (MRO), covering all segments of the aviation industry; and modifications for aircraft and engines. Subjects include product support of aircraft, engines and avionics, MRO company mergers, acquisitions, announcements and personnel, Airworthiness Directives, Supplemental Type Certificate approvals and other topics.

Move will help increase availability and lower direct operating costs

Sikorsky Lengthens S-92 Inspection Intervals

Shipment to New Zealand will take place next year after paint and upgrades

Northern Rescue Growing Fleet to Five AW169 Helicopters

Plans call for growing the department's public safety presence

Fort Worth Police Buy Second Bell 505

AmyWilder

News about bills, laws, regulations and other governmental decisions affecting aviation and aerospace. Topics include FAA re-authorizations, taxes on fuel and aviation activities, environmental legislation, ICAO decisions, governmental mediation of labor conflicts and World Trade Organization disputes and decisions.

News about simulators and training procedures, as well as workforce.

Key innovations and safety updates event highlights

European Rotors 2024 Focuses on Vertical Flight Future

News and developments about aircraft engines, including turbofan, turboprop, turboshaft and piston.

More In Rotorcraft

ACE Aero Modding Black Hawks with Skyryse Controls

The upgrade makes the helicopter much simpler to fly

Sikorsky Lengthens S-92 Inspection Intervals

Move will help increase availability and lower direct operating costs

Northern Rescue Growing Fleet to Five AW169 Helicopters

Shipment to New Zealand will take place next year after paint and upgrades

Fort Worth Police Buy Second Bell 505

Plans call for growing the department's public safety presence

European Rotors 2024 Focuses on Vertical Flight Future

Key innovations and safety updates event highlights

Rotortrade Partners with Safran, Joins Mentor Program

Preowned helicopter specialist is expanding its capabilities

Bell Logs Sales for 505 and 407GXi Helicopters

Includes the sale of the 100th Bell 505 in Europe

FAA Releases 2023 Helo Air Ambulance Ops Data Summary

Six accidents, two with fatalities, took place during calendar year 2023

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