Private-equity company to buy CHC for $3.7 billion | Aviation International News

Private-equity company to buy CHC for $3.7 billion

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 of

By AIN Staff • AIN Staff

March 28, 2008

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.

The rest of this article continues for AIN Members with the full report, analysis and background. The rest of this article continues for AIN Members with the full report, analysis and background. The rest of this article continues for AIN Members with the full report, analysis and background. The rest of this article continues for AIN Members with the full report, analysis and background. The rest of this article continues for AIN Members with the full report, analysis and background.

The rest of this article continues for AIN Members with the full report, analysis and background. The rest of this article continues for AIN Members with the full report, analysis and background. The rest of this article continues for AIN Members with the full report, analysis and background.

The rest of this article continues for AIN Members with the full report, analysis and background. The rest of this article continues for AIN Members with the full report, analysis and background. The rest of this article continues for AIN Members with the full report, analysis and background. The rest of this article continues for AIN Members with the full report, analysis and background. The rest of this article continues for AIN Members with the full report, analysis and background. The rest of this article continues for AIN Members with the full report, analysis and background.

The rest of this article continues for AIN Members with the full report, analysis and background. The rest of this article continues for AIN Members with the full report, analysis and background. The rest of this article continues for AIN Members with the full report, analysis and background. The rest of this article continues for AIN Members with the full report, analysis and background.

DTA Pitches Two-seat Hybrid eVTOL

French gyroplane maker brings its JP1 multicopter to NBAA-BACE

DTA's two-seat JP1 hybrid eVTOL flies at dusk during uncrewed flight testing in France.

Aero Friedrichshafen Gives Helicopters More Lift in 2027

Expanded helicopter presence spans executive and general aviation

Bell helicopter on static display in exhibition hall

Aviation Wins with Reversal of Indy Heliport Closure

Plans called for selling the 5.36-acre property to the city of Indianapolis

VAI's Cade Clark and Katia Veraza

Romania Orders 12 SAFE-backed H225M Helicopters

Initial fleet renewal could precede additional 30 domestically assembled units

Two H225Ms in flight

Falcon Executive Cleared for Flights at Dubai Helipark

Facility at Al Maktoum International Airport will complement the group’s FBO

Dubai Helipark

Aero Asset: Twin-engine Helicopter Sales Activity Up

Pricing on heavy twins reached a five-year high in the first half

Sikorsky S-92 in flight

Louisiana Rotor Pathway Advances Rotorcraft Careers

Program started with Utah and North Dakota

Airbus Helicopters H215 Super Puma helicopter

Nepal Relief Efforts Need More Support and Coordination

Local rotorcraft industry leader urges international partners to get involved in crisis

Nepal army helicopter