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(Bloomberg News) - At a time when the oil price is languishing at its lowest level in six years, producers need to find half a trillion dollars to repay debt. Some might not make it.If oil stays at about $40 a barrel, the shakeout could be profound, according to Kimberley Wood, a partner for oil mergers and acquisitions at Norton Rose Fulbright LLP in London.

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Posted in: Industry News
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Columbia Helicopters is seeking a business development director for its commercial services.

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Columbia Helicotpers is seeking a contracts manager.

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Bell Helicopter is seeking a Structural/Mechanical Analysis Engineer to support the V-22 Flight Test Program at Patuxent River, Maryland through on-site telemetry support and to provide coordination between the V-22 Program, NAVAIR and Bell Helicopter in Fort Worth, Texas

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(Lafayette, La.) - Bell Helicopter, a Textron Inc. (NYSE: TXT) company, announced Thursday the Bell Helicopter Lafayette Assembly Center is officially open for business in Lafayette, La., where the company will assemble the new commercial helicopter, the Bell 505 Jet Ranger X.

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27

(Wood Dale, Ill.) – AAR (NYSE: AIR) has announced that Timothy J. Romenesko has been appointed Vice Chairman. Romenesko will also continue in his role as Chief Operating Officer of the Expeditionary Services segment at AAR, which is comprised of Airlift and Mobility Systems, and as strategic advisor to the chairman and CEO.

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(Portland, Ore.) -- Erickson Incorporated (NASDAQ:EAC), a leading global provider of aviation services, is pleased to announce that it has been selected by Pan Aviation to provide emergency fire suppression support for the Municipality of Istanbul and the surrounding areas of Turkey.

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Alexandria, Va. - Simon Spencer-Bower, QSM, has 12,500 hours as a helicopter flight instructor and has trained nearly 600 pilots. He also created the Advanced Helicopter Mountain Flying Course, the only such course approved by New Zealand's Civil Aviation Authority. This is why he won HAI's Salute to Excellence Flight Instructor of the Year Award for 2015. Nominations are open for 2016. Nominate YOUR mentor today!

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Posted in: HAI Happenings
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27

The FAA has issued 3 separate VIP NOTAMs for temporary flight restrictions in the Anchorage, Alaska, area for August 31 - September 2.

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Posted in: NOTAMs
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A new Dept. of Transportation inspector general (IG) report indicates that some of the FAA's control towers are using 42 to 98 percent more resources than others, costing the agency more than $850 million, while another IG report criticizes the FAA's implementation of a satellite-based air traffic control system for moving too slowly and exceeding anticipated costs.

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Posted in: Government News
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