<?xml version="1.0"?>
<edgarSubmission>

    <schemaVersion>X0704</schemaVersion>

    <submissionType>D</submissionType>

    <testOrLive>LIVE</testOrLive>

    <primaryIssuer>
        <cik>0000350403</cik>
        <entityName>PHI INC</entityName>
        <issuerAddress>
            <street1>2001 SE EVANGELINE THRUWAY</street1>
            <street2>-</street2>
            <city>LAFAYETTE</city>
            <stateOrCountry>LA</stateOrCountry>
            <stateOrCountryDescription>LOUISIANA</stateOrCountryDescription>
            <zipCode>70508</zipCode>
        </issuerAddress>
        <issuerPhoneNumber>-</issuerPhoneNumber>
        <jurisdictionOfInc>LOUISIANA</jurisdictionOfInc>
        <edgarPreviousNameList>
            <previousName>PETROLEUM HELICOPTERS INC</previousName>
        </edgarPreviousNameList>
        <entityType>Corporation</entityType>
        <yearOfInc>
            <overFiveYears>true</overFiveYears>
        </yearOfInc>
    </primaryIssuer>

    <issuerList>
        <issuer>
            <cik>0001367514</cik>
            <entityName>HELEX, L.L.C.</entityName>
            <issuerAddress>
                <street1>2001 S.E. EVANGELINE THRUWAY</street1>
                <city>LAFAYETTE</city>
                <stateOrCountry>LA</stateOrCountry>
                <stateOrCountryDescription>LOUISIANA</stateOrCountryDescription>
                <zipCode>70508</zipCode>
            </issuerAddress>
            <issuerPhoneNumber>337-235-2452</issuerPhoneNumber>
            <jurisdictionOfInc>FLORIDA</jurisdictionOfInc>
            <issuerPreviousNameList>
                <value>None</value>
            </issuerPreviousNameList>
            <edgarPreviousNameList>
                <value>None</value>
            </edgarPreviousNameList>
            <entityType>Limited Liability Company</entityType>
            <yearOfInc>
                <overFiveYears>true</overFiveYears>
            </yearOfInc>
        </issuer>
        <issuer>
            <cik>0001172105</cik>
            <entityName>HELICOPTER LEASING LLC</entityName>
            <issuerAddress>
                <street1>2001 S.E. Evangeline Thruway</street1>
                <city>LAFAYETTE</city>
                <stateOrCountry>LA</stateOrCountry>
                <stateOrCountryDescription>LOUISIANA</stateOrCountryDescription>
                <zipCode>70508</zipCode>
            </issuerAddress>
            <issuerPhoneNumber>3372352452</issuerPhoneNumber>
            <jurisdictionOfInc>LOUISIANA</jurisdictionOfInc>
            <issuerPreviousNameList>
                <value>None</value>
            </issuerPreviousNameList>
            <edgarPreviousNameList>
                <value>None</value>
            </edgarPreviousNameList>
            <entityType>Limited Liability Company</entityType>
            <yearOfInc>
                <overFiveYears>true</overFiveYears>
            </yearOfInc>
        </issuer>
        <issuer>
            <cik>0001172111</cik>
            <entityName>AIR EVAC SERVICES INC</entityName>
            <issuerAddress>
                <street1>2001 S.E. Evangeline Thruway</street1>
                <city>LAFAYETTE</city>
                <stateOrCountry>LA</stateOrCountry>
                <stateOrCountryDescription>LOUISIANA</stateOrCountryDescription>
                <zipCode>70508</zipCode>
            </issuerAddress>
            <issuerPhoneNumber>3372352452</issuerPhoneNumber>
            <jurisdictionOfInc>LOUISIANA</jurisdictionOfInc>
            <issuerPreviousNameList>
                <value>None</value>
            </issuerPreviousNameList>
            <edgarPreviousNameList>
                <value>None</value>
            </edgarPreviousNameList>
            <entityType>Corporation</entityType>
            <yearOfInc>
                <overFiveYears>true</overFiveYears>
            </yearOfInc>
        </issuer>
        <issuer>
            <cik>0001172103</cik>
            <entityName>PHI TECH SERVICES INC</entityName>
            <issuerAddress>
                <street1>2001 S. E. EVANGELINE THRUWAY</street1>
                <city>LAFAYETTE</city>
                <stateOrCountry>LA</stateOrCountry>
                <stateOrCountryDescription>LOUISIANA</stateOrCountryDescription>
                <zipCode>70508</zipCode>
            </issuerAddress>
            <issuerPhoneNumber>337-235-2452</issuerPhoneNumber>
            <jurisdictionOfInc>LOUISIANA</jurisdictionOfInc>
            <edgarPreviousNameList>
                <previousName>EVANGELINE AIRMOTIVE INC</previousName>
            </edgarPreviousNameList>
            <entityType>Corporation</entityType>
            <yearOfInc>
                <overFiveYears>true</overFiveYears>
            </yearOfInc>
        </issuer>
        <issuer>
            <cik>0001172106</cik>
            <entityName>HELICOPTER MANAGEMENT LLC</entityName>
            <issuerAddress>
                <street1>2001 S.E. Evangeline Thruway</street1>
                <city>LAFAYETTE</city>
                <stateOrCountry>LA</stateOrCountry>
                <stateOrCountryDescription>LOUISIANA</stateOrCountryDescription>
                <zipCode>70508</zipCode>
            </issuerAddress>
            <issuerPhoneNumber>3372352452</issuerPhoneNumber>
            <jurisdictionOfInc>LOUISIANA</jurisdictionOfInc>
            <issuerPreviousNameList>
                <value>None</value>
            </issuerPreviousNameList>
            <edgarPreviousNameList>
                <value>None</value>
            </edgarPreviousNameList>
            <entityType>Limited Liability Company</entityType>
            <yearOfInc>
                <overFiveYears>true</overFiveYears>
            </yearOfInc>
        </issuer>
        <issuer>
            <cik>0001172109</cik>
            <entityName>INTERNATIONAL HELICOPTER TRANSPORT INC</entityName>
            <issuerAddress>
                <street1>2001 S.E. Evangeline Thruway</street1>
                <city>LAFAYETTE</city>
                <stateOrCountry>LA</stateOrCountry>
                <stateOrCountryDescription>LOUISIANA</stateOrCountryDescription>
                <zipCode>70508</zipCode>
            </issuerAddress>
            <issuerPhoneNumber>3372352452</issuerPhoneNumber>
            <jurisdictionOfInc>LOUISIANA</jurisdictionOfInc>
            <issuerPreviousNameList>
                <value>None</value>
            </issuerPreviousNameList>
            <edgarPreviousNameList>
                <value>None</value>
            </edgarPreviousNameList>
            <entityType>Corporation</entityType>
            <yearOfInc>
                <overFiveYears>true</overFiveYears>
            </yearOfInc>
        </issuer>
        <issuer>
            <cik>0001172108</cik>
            <entityName>PHI AIR MEDICAL INC</entityName>
            <issuerAddress>
                <street1>2001 S. E. EVANGELINE THRUWAY</street1>
                <city>LAFAYETTE</city>
                <stateOrCountry>LA</stateOrCountry>
                <stateOrCountryDescription>LOUISIANA</stateOrCountryDescription>
                <zipCode>70508</zipCode>
            </issuerAddress>
            <issuerPhoneNumber>337-235-2452</issuerPhoneNumber>
            <jurisdictionOfInc>LOUISIANA</jurisdictionOfInc>
            <edgarPreviousNameList>
                <previousName>PHI AEROMEDICAL SERVICES INC</previousName>
            </edgarPreviousNameList>
            <entityType>Corporation</entityType>
            <yearOfInc>
                <overFiveYears>true</overFiveYears>
            </yearOfInc>
        </issuer>
        <issuer>
            <cik>0001172107</cik>
            <entityName>PETROLEUM HELICOPTER INTERNATIONAL INC</entityName>
            <issuerAddress>
                <street1>2001 S.E. Evangeline Thruway</street1>
                <city>LAFAYETTE</city>
                <stateOrCountry>LA</stateOrCountry>
                <stateOrCountryDescription>LOUISIANA</stateOrCountryDescription>
                <zipCode>70508</zipCode>
            </issuerAddress>
            <issuerPhoneNumber>3372352452</issuerPhoneNumber>
            <jurisdictionOfInc>LOUISIANA</jurisdictionOfInc>
            <issuerPreviousNameList>
                <value>None</value>
            </issuerPreviousNameList>
            <edgarPreviousNameList>
                <value>None</value>
            </edgarPreviousNameList>
            <entityType>Corporation</entityType>
            <yearOfInc>
                <overFiveYears>true</overFiveYears>
            </yearOfInc>
        </issuer>
        <issuer>
            <cik>0001503093</cik>
            <entityName>Vertilease, LLC</entityName>
            <issuerAddress>
                <street1>2001 SE EVANGELINE THRUWAY</street1>
                <city>LAFAYETTE</city>
                <stateOrCountry>LA</stateOrCountry>
                <stateOrCountryDescription>LOUISIANA</stateOrCountryDescription>
                <zipCode>70508</zipCode>
            </issuerAddress>
            <issuerPhoneNumber>337-235-2452</issuerPhoneNumber>
            <jurisdictionOfInc>MONTANA</jurisdictionOfInc>
            <issuerPreviousNameList>
                <value>None</value>
            </issuerPreviousNameList>
            <edgarPreviousNameList>
                <value>None</value>
            </edgarPreviousNameList>
            <entityType>Limited Liability Company</entityType>
            <yearOfInc>
                <withinFiveYears>true</withinFiveYears>
                <value>2007</value>
            </yearOfInc>
        </issuer>
        <issuer>
            <cik>0001367526</cik>
            <entityName>Sky Leasing, L.L.C.</entityName>
            <issuerAddress>
                <street1>2001 S.E. EVANGELINE THRUWAY</street1>
                <city>LAFAYETTE</city>
                <stateOrCountry>LA</stateOrCountry>
                <stateOrCountryDescription>LOUISIANA</stateOrCountryDescription>
                <zipCode>70508</zipCode>
            </issuerAddress>
            <issuerPhoneNumber>337-235-2452</issuerPhoneNumber>
            <jurisdictionOfInc>MONTANA</jurisdictionOfInc>
            <issuerPreviousNameList>
                <value>None</value>
            </issuerPreviousNameList>
            <edgarPreviousNameList>
                <value>None</value>
            </edgarPreviousNameList>
            <entityType>Limited Liability Company</entityType>
            <yearOfInc>
                <overFiveYears>true</overFiveYears>
            </yearOfInc>
        </issuer>
        <issuer>
            <cik>0001503095</cik>
            <entityName>Leasing Source, LLC</entityName>
            <issuerAddress>
                <street1>2001 SE EVANGELINE THRUWAY</street1>
                <city>LAFAYETTE</city>
                <stateOrCountry>LA</stateOrCountry>
                <stateOrCountryDescription>LOUISIANA</stateOrCountryDescription>
                <zipCode>70508</zipCode>
            </issuerAddress>
            <issuerPhoneNumber>337-235-2452</issuerPhoneNumber>
            <jurisdictionOfInc>MONTANA</jurisdictionOfInc>
            <issuerPreviousNameList>
                <value>None</value>
            </issuerPreviousNameList>
            <edgarPreviousNameList>
                <value>None</value>
            </edgarPreviousNameList>
            <entityType>Limited Liability Company</entityType>
            <yearOfInc>
                <withinFiveYears>true</withinFiveYears>
                <value>2007</value>
            </yearOfInc>
        </issuer>
    </issuerList>

    <relatedPersonsList>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Al</firstName>
                <middleName>A.</middleName>
                <lastName>Gonsoulin</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>2001 S.E. Evangeline Thruway</street1>
                <city>Lafayette</city>
                <stateOrCountry>LA</stateOrCountry>
                <stateOrCountryDescription>LOUISIANA</stateOrCountryDescription>
                <zipCode>70508</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification></relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Lance</firstName>
                <middleName>F.</middleName>
                <lastName>Bospflug</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>2001 S.E. Evangeline Thruway</street1>
                <city>Lafayette</city>
                <stateOrCountry>LA</stateOrCountry>
                <stateOrCountryDescription>LOUISIANA</stateOrCountryDescription>
                <zipCode>70508</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification></relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Michael</firstName>
                <middleName>J.</middleName>
                <lastName>McCann</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>2001 S.E. Evangeline Thruway</street1>
                <city>Lafayette</city>
                <stateOrCountry>LA</stateOrCountry>
                <stateOrCountryDescription>LOUISIANA</stateOrCountryDescription>
                <zipCode>70508</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification></relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Richard</firstName>
                <middleName>A.</middleName>
                <lastName>Rovinelli</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>2001 S.E. Evangeline Thruway</street1>
                <city>Lafayette</city>
                <stateOrCountry>LA</stateOrCountry>
                <stateOrCountryDescription>LOUISIANA</stateOrCountryDescription>
                <zipCode>70508</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification></relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>William</firstName>
                <middleName>P.</middleName>
                <lastName>Sorenson</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>2001 S.E. Evangeline Thruway</street1>
                <city>Lafayette</city>
                <stateOrCountry>LA</stateOrCountry>
                <stateOrCountryDescription>LOUISIANA</stateOrCountryDescription>
                <zipCode>70508</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification></relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Arthur</firstName>
                <middleName>J.</middleName>
                <lastName>Breault, Jr.</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>2001 S.E. Evangeline Thruway</street1>
                <city>Lafayette</city>
                <stateOrCountry>LA</stateOrCountry>
                <stateOrCountryDescription>LOUISIANA</stateOrCountryDescription>
                <zipCode>70508</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification></relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>C.</firstName>
                <middleName>Russell</middleName>
                <lastName>Luigs</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>2001 S.E. Evangeline Thruway</street1>
                <city>Lafayette</city>
                <stateOrCountry>LA</stateOrCountry>
                <stateOrCountryDescription>LOUISIANA</stateOrCountryDescription>
                <zipCode>70508</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification></relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Richard</firstName>
                <middleName>H.</middleName>
                <lastName>Matzke</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>2001 S.E. Evangeline Thruway</street1>
                <city>Lafayette</city>
                <stateOrCountry>LA</stateOrCountry>
                <stateOrCountryDescription>LOUISIANA</stateOrCountryDescription>
                <zipCode>70508</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification></relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Thomas</firstName>
                <middleName>H.</middleName>
                <lastName>Murphy</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>2001 S.E. Evangeline Thruway</street1>
                <city>Lafayette</city>
                <stateOrCountry>LA</stateOrCountry>
                <stateOrCountryDescription>LOUISIANA</stateOrCountryDescription>
                <zipCode>70508</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification></relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Gary</firstName>
                <middleName>J.</middleName>
                <lastName>Weber</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>3505 West Admiral Doyle Drive</street1>
                <city>New Iberia</city>
                <stateOrCountry>LA</stateOrCountry>
                <stateOrCountryDescription>LOUISIANA</stateOrCountryDescription>
                <zipCode>70560</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Manager of subsidiary guarantor</relationshipClarification>
        </relatedPersonInfo>
    </relatedPersonsList>

    <offeringData>
        <industryGroup>
            <industryGroupType>Other</industryGroupType>
        </industryGroup>
        <issuerSize>
            <revenueRange>Over $100,000,000</revenueRange>
        </issuerSize>
        <federalExemptionsExclusions>
            <item>06</item>
        </federalExemptionsExclusions>
        <typeOfFiling>
            <newOrAmendment>
                <isAmendment>false</isAmendment>
            </newOrAmendment>
            <dateOfFirstSale>
                <value>2010-09-23</value>
            </dateOfFirstSale>
        </typeOfFiling>
        <durationOfOffering>
            <moreThanOneYear>false</moreThanOneYear>
        </durationOfOffering>
        <typesOfSecuritiesOffered>
            <isDebtType>true</isDebtType>
        </typesOfSecuritiesOffered>
        <businessCombinationTransaction>
            <isBusinessCombinationTransaction>false</isBusinessCombinationTransaction>
            <clarificationOfResponse></clarificationOfResponse>
        </businessCombinationTransaction>
        <minimumInvestmentAccepted>0</minimumInvestmentAccepted>
        <salesCompensationList></salesCompensationList>
        <offeringSalesAmounts>
            <totalOfferingAmount>3000000</totalOfferingAmount>
            <totalAmountSold>3000000</totalAmountSold>
            <totalRemaining>0</totalRemaining>
            <clarificationOfResponse></clarificationOfResponse>
        </offeringSalesAmounts>
        <investors>
            <hasNonAccreditedInvestors>false</hasNonAccreditedInvestors>
            <totalNumberAlreadyInvested>2</totalNumberAlreadyInvested>
        </investors>
        <salesCommissionsFindersFees>
            <salesCommissions>
                <dollarAmount>0</dollarAmount>
            </salesCommissions>
            <findersFees>
                <dollarAmount>0</dollarAmount>
            </findersFees>
            <clarificationOfResponse></clarificationOfResponse>
        </salesCommissionsFindersFees>
        <useOfProceeds>
            <grossProceedsUsed>
                <dollarAmount>0</dollarAmount>
            </grossProceedsUsed>
            <clarificationOfResponse></clarificationOfResponse>
        </useOfProceeds>
        <signatureBlock>
            <authorizedRepresentative>true</authorizedRepresentative>
            <signature>
                <issuerName>PHI INC</issuerName>
                <signatureName>Michael J. McCann</signatureName>
                <nameOfSigner>Michael J. McCann</nameOfSigner>
                <signatureTitle>CFO of PHI, Inc./V-P of other Issuers</signatureTitle>
                <signatureDate>2010-10-05</signatureDate>
            </signature>
        </signatureBlock>
    </offeringData>
</edgarSubmission>
