October 27, 2016 4:38 PM ET


Company Overview of CHC Helicopter S.A.

Company Overview

CHC Helicopter S.A., through its subsidiaries, provides helicopter services to the offshore oil and gas industry. It operates in two segments, Helicopter Services and Maintenance, Repair and Overhaul (MRO). The Helicopter Services segment offers transportation services to and from production platforms, drilling rigs, and other offshore installations and facilities in the Eastern North Sea, the Western North Sea, the Americas, the Australasia region, and the Africa-Euro Asia region. This segment also provides search and rescue, as well as emergency medical services to the government agencies and commercial operators in the United Kingdom, Ireland, and Australia. The MRO segment offers a range...

4740 Agar Drive

Richmond, BC V7B 1A3




Key Executives for CHC Helicopter S.A.

Chief Executive Officer
Age: 53
Chief Financial Officer
Age: 49
Chief Executive Officer of Heli-One Canada Inc and President of Heli-One Canada Inc
Age: 58
President of The Helicopter Services Business - Heli-One Canada Inc and Chief Operating Officer of The Helicopter Services Business - Heli-One Canada Inc
Age: 56
President of Heli-One American Support LLC
Age: 46
Compensation as of Fiscal Year 2016.

CHC Helicopter S.A. Key Developments

Motion for Asset Sale Approved for CHC Group Ltd.

The US Bankruptcy Court approved the sale of certain assets of CHC Group Ltd. on September 21, 2016. As per the order, the Court has authorized the debtor to sell certain assets to Heli Austria GmbH for a purchase price of $3.52 million as per the purchase agreement entered on January 26, 2016. The asset includes Airbus Helicopters AS332L1 helicopter with manufacturer serial number 2468.

Motion for Asset Sale Filed by CHC Group Ltd.

CHC Group Ltd. filed a motion in the US Bankruptcy Court for the sale of certain assets of CHC Helicopter Australia Pty Ltd on August 22, 2016. The debtor seeks the Court’s approval for the sale of certain assets of CHC Helicopter Australia Pty Ltd to in a private sale for a purchase price of $3.16 million in cash pursuant to the asset purchase agreement dated January 26, 2016. The debtor’s assets include Aerospatiale AS332L1 helicopter with the manufacturer’s serial number 2468. Under the terms of the agreement, the buyer shall make a deposit of $0.35 million within three business days of the execution of the agreement and the balance of the purchase price shall be paid on the or before the closing date. The transaction is expected to close on or about May 30, 2016. The buyer and seller agents shall receive a fee of $1,500 each.

CHC Helicopter Announces Executive Changes, Effective July 16, 2015

CHC Helicopter announced that Lee Eckert will be succeeding Joan Hooper as Chief Financial Officer, effective July 16, 2015. Mr. Eckert was most recently CFO of the $13 billion in sales U.S. division of National Grid Plc. The appointment of Mr. Eckert as CFO-designate, effective May 11, 2015, ensures ample time for the transition of responsibilities. Ms. Hooper will continue in her present role until the announcement of CHC’s fiscal-2015 fourth quarter results in July.

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Recent Private Companies Transactions

No transactions available in the past 12 months.

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