PHI Inc Non-Voting (PHIIK)

PHI, inc. is a Louisiana corporation. The Company is a provider of helicopter transportation services in the Gulf of Mexico. It also provides helicopter services to the oil and gas industry internationally, and to non-oil and gas customers and U.S. governmental agencies such as the National Science Foundation. It also provides air medical transportation for hospitals and emergency service agencies where it operates as an independent provider of medical services. In addition, it performs helicopter maintenance and repair services for existing customers, primarily to those that own their own aircraft. At December 31, 2011, it owned or operated 259 aircraft domestically and internationally, 167 of which were dedicated to its Oil and Gas segment, 86 of which were dedicated to its Air Medical segment, and six of which were dedicated to other operations. It operates in three business segments: Oil and Gas, Air Medical, and Technical Services. It's Oil and Gas segment, headquartered in Lafayette, Louisiana, provides helicopter services primarily for the major integrated and independent oil and gas production companies transporting personnel and/or equipment to offshore platforms in the Gulf of Mexico. It provides air medical transportation services for hospitals and emergency service agencies in 17 states using approximately 86 aircraft at 64 separate locations. Its Air Medical segment operates primarily under the independent provider model and, to a lesser extent, under the hospital-based model. The Technical Services segment provides helicopter repair and overhaul services for flight operations customers that own their aircraft. The Company is competing with two major and several small competitors operating in the Gulf of Mexico market. The Company is subject to various federal and state environmental laws and regulations.