Finance, Taxes, Insurance
New Venture Jettisons Parked Offshore Helos
A new venture has been formed to help lenders to the offshore rotorcraft industry dispose of under-utilized assets.

Just as the active number of floating offshore energy rigs declined to their lowest level since 1987, a helicopter industry veteran has announced a new venture designed to help lenders to the offshore rotorcraft industry dispose of underutilized assets. Ed Washecka, the founder of Intrinsic Aviation, has formed a joint venture with Arena Investors to lease, trade, or part out mid- to end-of-life helicopters.


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