Description
PHI, Inc., together with its subsidiaries, provides transportation services to, from, and among offshore facilities for customers in the oil and gas exploration, development, and production industry in the United States and internationally. It operates through three business segments: Oil and Gas, Air Medical, and Technical Services. The Oil and Gas segment provides helicopter services primarily for the integrated and independent oil and gas exploration and production companies, and other offshore oil service companies for routine transportation of personnel and equipment, transportation of personnel during medical and safety emergencies, and evacuation of personnel during the threat of hurricanes and other adverse weather conditions. The Air Medical segment provides air medical transportation services for hospitals and emergency service agencies in 18 states. The Technical Services segment provides helicopter repair and overhaul services for flight operations customers, as well as operates aircraft for the National Science Foundation in Antarctica. It also provides software as a service to certain of its oil and gas customers for passenger check-in and compliance verification. As of December 31, 2018, the company owned or operated 239 aircraft, including 125 dedicated to Oil and Gas operations, 108 dedicated to Air Medical operations, and 6 dedicated to Technical Services operations. PHI, Inc. was founded in 1949 and is headquartered in Lafayette, Louisiana. On March 14, 2019, PHI, Inc., along with its affiliates, filed a voluntary petition for reorganization under Chapter 11 in the U.S. Bankruptcy Court for the Northern District of Texas.
