---- USA ---- ------------------- PHI Inc ----------- PHI MRO Restructuring PHI Offshore PHI Air Medical ------------------- US Air Force ----------- ------------------- US Army Aviation ----------- ------------------- US Marine Corps ----------- ------------------- US Navy ----------- ------------------- United States Park Police ----------- ------------------- US Coast Guard ----------- ------------------- US Department of Homeland Security ----------- ------------------- US Department of Justice ----------- ------------------- Congress ----------- ------------------- District of Columbia ----------- ------------------- NASA ----------- ------------------- State of Alabama ----------- ------------------- State of Alaska ----------- ------------------- State of Arizona ----------- ------------------- State of Arkansas ----------- ------------------- State of California ----------- ------------------- State of Colorado ----------- ------------------- State of Connecticut ----------- ------------------- State of Delaware ----------- ------------------- State of Florida ----------- ------------------- State of Georgia ----------- ------------------- State of Hawaii ----------- ------------------- State of Idaho ----------- ------------------- State of Illinois ----------- ------------------- State of Indiana ----------- ------------------- State of Iowa ----------- ------------------- State of Kansas ----------- ------------------- State of Kentucky ----------- ------------------- State of Louisiana ----------- ------------------- State of Maine ----------- ------------------- State of Maryland ----------- ------------------- State of Massachusetts ----------- ------------------- State of Michigan ----------- ------------------- State of Minnesota ----------- ------------------- State of Mississippi ----------- ------------------- State of Missouri ----------- ------------------- State of Montana ----------- ------------------- State of Nebraska ----------- ------------------- State of Nevada ----------- ------------------- State of New Hampshire ----------- ------------------- State of New Jersey ----------- ------------------- State of New Mexico ----------- ------------------- State of New York ----------- ------------------- State of North Carolina ----------- ------------------- State of North Dakota ----------- ------------------- State of Ohio ----------- ------------------- State of Oklahoma ----------- ------------------- State of Oregon ----------- ------------------- State of Pennsylvania ----------- ------------------- State of Puerto Rico ----------- ------------------- State of South Carolina ----------- ------------------- State of South Dakota ----------- ------------------- State of Tennessee ----------- ------------------- State of Texas ----------- ------------------- State of Utah ----------- ------------------- State of Vermont ----------- ------------------- State of Virginia ----------- ------------------- State of Washington ----------- ------------------- State of West Virginia ----------- ------------------- State of Wisconsin ----------- ------------------- State of Wyoming ----------- ------------------- US Department of State ----------- ------------------- Air Logistics ----------- ------------------- Air Methods ----------- ------------------- Brainerd Helicopters Inc ----------- ------------------- Bristow US ----------- ------------------- Brown Helicopter Inc ----------- ------------------- Classic Air Medical ----------- ------------------- Helicopter Express Inc ----------- ------------------- HeliService International GmbH ----------- ------------------- Maritime Helicopters ----------- ------------------- Maverick Helicopters ----------- ------------------- North American Helicopter ----------- ------------------- Panther Helicopters Inc ----------- ------------------- Unical Defense Inc ----------- ------------------- AgustaWestland Philadelphia ----------- ------------------- Airbus Helicopters Inc ----------- ------------------- American Eurocopter ----------- ------------------- Aurora Flight Sciences ----------- ------------------- Bell Helicopter ----------- ------------------- Collins Aerospace ----------- ------------------- Honeywell ----------- ------------------- Kaman ----------- ------------------- MBB Helicopter Corp ----------- ------------------- mcdonnell douglas ----------- ------------------- MD Helicopters ----------- ------------------- Metro Aviation ----------- ------------------- Northrop Grumman ----------- ------------------- Rockwell Collins ----------- ------------------- Sikorsky Helicopters ----------- ------------------- Billings Flying Service ----------- ------------------- Chevron Oil ----------- ------------------- ERA Helicopters ----------- ------------------- Erickson ----------- ------------------- Evergreen Helicopters ----------- ------------------- Grand Strand Helicopters Inc. ----------- ------------------- New York Airways ----------- ------------------- Northwest Helicopters ----------- ------------------- Life Flight Network ----------- ------------------- Helisim ----------- ---- More Units ---- 2019
Restructuring Markets & Finance
On March 2019, PHI filed for voluntary Chapter 11 protection in the U.S. Bankruptcy Court for the Northern District of Texas to address the upcoming maturity of PHIs unsecured senior notes and strengthen its balance sheet.
PHI will continue to operate normally and looks for emerge from bankruptcy in the summer of 2019 with a significantly reduced and more sustainable debt structure.
On September 2019, PHI successfully completed its debt restructuring process.
04-Sep-19 - PHI and its U.S. subsidiaries, including PHI Air Medical, have emerged from Chapter 11 bankruptcy protection, successfully completing its debt restructuring process. PHI now believes that has strengthened balance sheet that positions it for long-term success #restructuring
11-Jun-19 - PHI reaches settlement with official committee of unsecured creditors and other key stakeholders that paves the way for a consensual path forward. Emergence expected late summer 2019 #bankruptcy
23-Mar-19 - PHI Inc, which filed for bankruptcy protection this month, announced a $141.5 million loss in the 2018 balance at the annual 10-K filing with the U.S. Securities and Exchange Commission (SEC). $109 belongs to goodwill and inventory (purchases) #bankruptcy
15-Mar-19 - PHI Inc and its principal US entities filed for voluntary Chapter 11 protection in the U.S. Bankruptcy Court for the Northern District of Texas in order to best position PHI for future success. Company will continue to operate normally and expects to conclude process by August #bankruptcy
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