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Petroleum Helicopters International

PHI, Inc.
IATA ICAO Callsign
— PHM PETROLEUM
Founded1949
Fleet size259
Traded asNasdaq: PHIIK (non-voting)
Russell 2000 Index component
HeadquartersLafayette, Louisiana
Key peopleJames Hinch CAO[1]
Websitewww.phihelico.com

Petroleum Helicopters International, Inc. (PHI), 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]

  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.

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