Mon, Jan 02, 2006
Petroleum Helicopters, Inc. is
entering the new year with a new name -- but it shouldn't be too
hard for those in the industry to follow along. The company
announced effective January 1, they will be known as PHI.
Sources with PHI told Aero-News last week the change was made to
better align its corporate brand identity with its increasingly
diversified business activities -- the helicopter transportation
and services company long ago expanded its operations from serving
the offshore oil and gas exploration and production industry
(primarily in the Gulf of Mexico.)
Today -- in addition to providing third-party aircraft
maintenance services -- PHI also specializes in helicopter and
fixed-wing medical transportation services, in support of the
medical and emergency response industries throughout the United
States.
The company flies a wide range of aircraft, including six
Sikorsky S-92 helos (file photo of type, below) -- one of which, as was recently reported in
Aero-News, reached 1,000 operating hours in record
time.
Most recently, the company played a role in hurricane relief
efforts along the Gulf Coast.
With the name change, the Company's common stock will continue
to trade on the Nasdaq National Market, but under new ticker
symbols. The voting common stock will trade under the symbol PHII,
and the non-voting common stock will trade under the symbol PHIIK.
The ticker symbol changes will be effective January 3 -- the first
trading day of 2006.
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