Canada's CHCHelicopter plans to float all its repair and overhaul operations, to be separated into a separate division as Vector Aerospace. The helicopter operator expects to raise C$192.5 million ($132 million) from the public offering. It will initially retain a 20% stake, but plans for this to be sold if the new shareholders take up rights to buy it out.
Source: Flight International
Airbus Helicopters and partner PHI Aviation will shortly begin route-proving trials with the former’s H160 medium-twin in the Gulf of Mexico.
Piasecki Aircraft has secured new work for its ‘Heliplex’ facility in Coatesville, Pennsylvania, signing a collaboration agreement with Columbia Helicopters to upgrade Model 107 tandem-rotor helicopters to a new more fuel-efficient standard.
MD Helicopters has promoted Ryan Weeks to the role of president, overseeing the day-to-day operations of the rotorcraft manufacturer.
