AgustaWestland (Booth No. 3728) has signed a service center network agreement with Heli-One of Canada to provide support for CHC Helicopter’s fleet of AW139 helicopters in Europe, North America and Australia. CHC provides helicopter services to the oil and gas industry, as well as search-and-rescue services to government agencies in the UK, Ireland and Australia.
North Sea operations giant CHC Helicopter has won contracts worth $44 million to provide helicopter service throughout the world. In one of those deals, CHC will provide a pair of Eurocopter Super Pumas to Petrobras, the Brazilian national oil company, for use over the waters off Brazil and Taiwan. In another deal CHC will provide helicopter service to the Taiwanese Coast Guard.
Sikorsky announced this week that it has sold two S-92 helicopters to the International Handling Co. (IHC). The contract includes the option to purchase four additional S-92 helicopters configured for offshore oil missions.
Delivery of the first aircraft is expected to take place in 2010. IHC, an Azerbaijan-based operator, plans to expand its service to the growing offshore oil industry based in Eurasia.
With its acquisition of Italian counterpart Elilario, Spanish operator Grupo Inaer has become one of Europe’s largest helicopter operators, with a fleet of nearly 220 rotorcraft. The deal is valued at ?60.8 million ($91 million). Whether the new entity will be called Elilario or Inaer Italy has yet to be decided.
The British Columbia Supreme Court has approved CHC Helicopter’s planned $3.7 billion sale to a fund controlled by Connecticut-based First Reserve. The deal is expected to close this month. CHC is the world’s largest provider of helicopter services to the offshore oil and gas industry and operates 250 aircraft in 35 countries. The sale price is a combination of cash and debt assumption.
Averting a strike that would have shut down offshore helicopter operations throughout much of the North Sea, 200 helicopter pilots represented by the British Airline Pilots Association (Balpa) have voted overwhelmingly to approve a massive pay raise offered by their employer, North Sea operator CHC Scotia.
The Brazilian city of São Paulo lies south of the equator, straddling the Tropic of Capricorn, and is about as far east as the southern tip of Greenland. It is the homely sister to its more famous neighbor, Rio de Janeiro, which lies about 330 nm to the east and is considered by many to be the most beautiful city in the world. According to a popular Brazilian saying, Rio is for leisure while São Paulo is for work.
CHC Helicopter Corp. hit the Big Apple October 11 when its class-A subordinate voting shares began trading on the New York Stock Exchange under the symbol “FLI.” Making a characteristically high-profile splash in the concrete canyons of lower Manhattan, CHC CEO Craig Dobbin, flanked by other company officers, rang the official opening bell to start trading on the stock exchange floor at 9:30 a.m.
The second of three AgustaWestland AW139s that CHC Helicopter will use for search-and-rescue operations off the south coast of England on behalf of the UK Maritime and Coastguard Agency (MCA) was delivered to the agency’s Lee-on-
Solent base last month.
CHC Helicopter, the world’s largest provider of helicopter services to the offshore oil and gas industry, is being sold for $3.7 billion in what company officials describe as “the largest oilfield services buyout ever.”
The buyer is First Reserve, a Greenwich, Conn.-based private-equity company. In addition to $1.46 billion in cash, the firm will assume $1.48 billion in aircraft liabilities and about $779 million in debt.