Airwork/HNZ

[feelerup]

How will the impending puchase of HNZ by Airwork affect the Industry in the Asia Pacific region?
The new group formed will have a large fleet and experience in just about all aspects of the industry.
Airwork is also planning to list in early 2007.

[paul abersynth]

Any truth to the rumour that Airwork NZ is making a play for Heli Niugini?

[Chairmanofthebored]

What is there to make a play for. mostly leased machines that are rooted and no contracts. they have lost the pipeline, porgera, seismic and there longranger pilots all work for pacific or hevilift now. how much just for a name?

[Te_Kahu]

Is Airwork also going to buy the company which owns all, or most, of HNZ's aircraft? Or will it continue to lease them?

TK

[tribal]

Te Kahu, good question, Id like to know that as well. Is it actually fact or rumour that HNZ is being bought out? Be good to see some of the deadwood in Nelson management move on. They have held back what has the potential to be a proffessional organisation.

[feelerup]

Subject to due diligence, should be through by christmas.
Apparently buying the joint lock stock and barrel , I believe the aircraft are owned by HNZ or Hubbard who wants out because he's 84.
All heli companies have dead wood , stay there long enough and you're in.

[Te_Kahu]

I've been told that Airwork is buying just HNZ. The Helicopter fleet will stay owned by another of Allan Hubbard's companies.
An interesting development for Airwork/Helilink as the helicopter side of the company seemed to be headed for severe doldrums.
TK