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

Helicopter services company CHC Group announced a financial restructuring that could reduce its funded debt obligations by up to $500 million. As part of the restructuring, a substantial portion of CHC’s existing debt and equity holders agreed to provide more than $100 million in new money and liquidity-enhancing commitments.

 


The new funding&nbsp;consists of $60 million in initial investment, an additional $30 million of available commitments, and $10 million from adjustments to its aircraft financing facilities. The transaction comes following negotiations with CHC’s key financial stakeholders over the preceding months.&nbsp;

 


“Today marks a significant, positive step forward for CHC, providing a clear path to a significantly reduced debt burden for the company, which will benefit our customers, suppliers, and employees,” said CHC CEO David Balevic.&nbsp;“Our enhanced balance sheet will provide us greater operating flexibility to meet the rapidly changing rotary wing aviation market.”

 


CHC operates a mixed fleet of heavy, super-medium, intermediate, and medium twin-engine helicopters in support of the offshore energy industry worldwide. The company emerged from bankruptcy restructuring in 2017 when it received $300 million from existing creditors, restructured aircraft leases, and secured asset-based financing commitments of $150 million.&nbsp;

Issues regarding financing of aircraft; aviation insurance; tax issues for aircraft operators; new companies and people in the aviation financing and insurance industries.

CHC Helicopter Restructures Finances

CHC Group's debt restructuring will provide more than $100 million in new capital and liquidity for the company.

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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.

Pre-tax earnings for service group climb 20.6%

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News and developments about airplanes, helicopters and unmanned air vehicles used in all varieties of operations, including airlines, military, business, commercial, general aviation and private.

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

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News and information on safety procedures and concerns.

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News and issues relating to civil and military unmanned aircraft systems (UAS), unmanned aerial vehicles (UAVs) and remotely piloted aircraft systems (RPAS) of all kinds and sizes, including those used for intelligence, surveillance and reconnaissance (ISR), combat (unmanned combat air vehicles, or UCAVs), law enforcement, research and other applications. Of particular focus is the FAA's planned integration of UAS into the U.S. national airspace system.

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