ACQUISITIONS HELPED Helikopter Service raise its sales by one-third in 1994, and the company claims that it is on course to emerge as the world's largest commercial-helicopter organisation.
The Norwegian operator posts sales of just under NKr1.8 billion ($290 million) for 1994, but expects to reach the NKr2.4 billion mark in 1995 as the acquisition of the Bond group is brought into the results.
Helikopter Service paid £31 million to take a 49% stake in the UK operator at the end of 1994, and it has agreed to acquire the remaining shares within the next three years. The group also acquired all of the shares in Heliflyg of Sweden during 1994.
The combined group, including Bond, would employ around 1,800 with a fleet of 156 helicopters, according to Helikopter Service.
Source: Flight International
