Petroleum Helicopters International

Airline of the United States

PHI, Inc.

| IATA | ICAO | Call sign

|
|

—  | PHM  | PETROLEUM
Founded| 1949
Fleet size| 259
Traded as| Nasdaq: PHIIK (non-voting)
Russell 2000 Index component
Headquarters| Lafayette, Louisiana
Key people| James Hinch CAO[1]
Website| www.phihelico.com

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

[edit]

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.[citation needed]

## Fleet B

[edit]

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]

Small Helicopters Aircraft  | Total  | Notes

|
|

Bell 407 |  |
Bell 206L |  |
Bell 212 |  |
Bell 412 |  |
BK-117 |  |
Eurocopter EC 135 |  |
Eurocopter EC145 |  |
Eurocopter AS350 |  |
AW139 |  |
Sikorsky S-76 |  |
Sikorsky S-92 | 39  |
Total Number of Aircraft | 256  |

## References

[edit]

1. ^ "Home – PHI Aviation LLC". Phihelico.com. Retrieved 2022-03-19.
2. ^ "1998 Industry Pioneers". Archived from the original on September 24, 2015. Retrieved April 23, 2015.
3. ^ International Directory of Company Histories, Vol. 35. St. James Press, 2001 ISBN 9781558624436.
4. ^ Goold, Ian (May 1987). "Helicopters over a barrel". Flight International: 26.
5. ^ "PHI acquires HNZ's offshore business in Pacific". 2017-10-31. Retrieved 2020-06-22.
6. ^ "PHI Inc. – Helicopter Services Provider Files For Bankruptcy With Equityholders' Fate In Limbo". Seeking Alpha. 15 March 2019. Retrieved April 4, 2019.
7. ^ "Creditors Oust Helicopter Company's CEO in Bankruptcy Coup". Bloomberg. 5 June 2019. Retrieved June 5, 2019.
8. ^ a b "Petroleum Helicopters, Inc. History". Retrieved 2015-04-04.
9. ^ Goold, Ian (May 1987). "Helicopters over a barrel". Flight International: 26.
10. ^ "Lake Palourde Base Heliport". AirNav, LLC. Retrieved 29 April 2015.
11. ^ "PHI Inc (PHII)". Thomson Reuters. Archived from the original on 2010-11-06.
12. ^ "PHI fleet". Archived from the original on 2014-05-12. Retrieved 2015-04-27.

## External links

[edit]

* Official website

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