Petroleum Helicopters International, Inc. (PHI - Now PHI Aviation, LLC), is an American commercial helicopter operator, founded in 1949, by Robert L. Suggs.[2] The company is based in Lafayette, Louisiana and provides service for the oil and gas industry, aeromedical services, pilot training and aircraft maintenance.[3][4]
In October 2017, PHI acquired Helicopters (NZ) from HNZ Group.[5]
On March 15, 2019, the company filed for Chapter 11 bankruptcy.[6]
On June 5, 2019, court-supervised arbitration announced an agreement to force the retirement of CEO Al Gonsoulin and strip him of his shares.[7]
History
PHI Inc. was founded by Robert L. Suggs and Maurice M. Bayon with a startup cost of $100,000, and three Bell 47 helicopters. They started by providing service to a seismographic group working in the wetlands of Louisiana. The company's service extended to offshore drilling platforms in the Gulf of Mexico, and grew their fleet with the addition of the Sikorsky S-55 and the Sikorsky S-58 helicopters.[8] Over the next couple of decades the company expanded their fleet to 300 helicopters, which was the biggest non-military group of aircraft.,[8][9] and constructed the world's largest heliport at Lake Palourde in Morgan City[10] In 1981 Petroleum Helicopters created PHI Air Medical, and became a provider of aeromedical services.
Fleet B
PHI Inc. owns or operates 259 aircraft domestically and internationally. 162 aircraft are dedicated to its Oil and Gas segment. 88 aircraft are dedicated to its Air Medical segment. They also operate five aircraft for the National Science Foundation in Antarctica.[11][12]
External links
References
- Home – PHI Aviation LLC Phihelico.com, retrieved 2022-03-19^
- 1998 Industry Pioneers retrieved April 23, 2015^
- International Directory of Company Histories, Vol. 35. St. James Press, 2001 ISBN 9781558624436.^
- Ian Goold. Helicopters over a barrel Flight International, May 1987^
- PHI acquires HNZ's offshore business in Pacific 2017-10-31, retrieved 2020-06-22^
- PHI Inc. – Helicopter Services Provider Files For Bankruptcy With Equityholders' Fate In Limbo Seeking Alpha, 15 March 2019, retrieved April 4, 2019^
- Creditors Oust Helicopter Company's CEO in Bankruptcy Coup Bloomberg, 5 June 2019, retrieved June 5, 2019^
- Petroleum Helicopters, Inc. History retrieved 2015-04-04^
- Ian Goold. Helicopters over a barrel Flight International, May 1987^
- Lake Palourde Base Heliport AirNav, LLC, retrieved 29 April 2015^
- PHI Inc (PHII) Thomson Reuters^
- PHI fleet retrieved 2015-04-27^