PDG secures funding for expansion | Aviation International News

PDG secures funding for expansion

UK rotorcraft charter operator PDG Helicopters is poised to expand through acquisition after sealing a new £7.5 million ($12 million) funding package.

By Charles Alcock • Managing Editor

May 9, 2008

UK rotorcraft charter operator PDG Helicopters is poised to expand through acquisition after sealing a new £7.5 million ($12 million) funding package. As part of the deal, Scottish group Aberdeen Murray Johnstone Private Equity paid £2.8 million ($4.3 million) to increase its stake in PDG from 20 percent to 47 percent.

PDG chief executive Jerry Francis said the Inverness-based operator will be looking to expand its operations into England. It currently has bases in Scotland and Ireland and operates a fleet of 19 helicopters, including a mix of Eurocopter Squirrels, Twin Squirrels and Dauphins, as well as a Bell 206 JetRanger.

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