Babcock appear to be refocusing on their core businesses, looking at disposing of all of their other helicopter investments. This will be a very interesting sale, as some of these assets if properly managed and operated have considerable market share in some significant market sectors. But like everything in this business today, who knows who will buy them and what they'll do with them.
https://dailybusinessgroup.co.uk/202...ny-remodelled/
The company said the Avincis acquisition in 2014 has not delivered shareholder value with low returns on high amounts of invested capital.
“We are selling our oil and gas aviation business and we are reviewing our options for the each of the aerial emergency services businesses,” it said in an update.
https://www.bloomberg.com/news/artic...r-asset-review
Lockwood announced plans to sell Babcock’s offshore helicopter operations to rival
CHC Group last month after launching a strategy overhaul in November, weeks after taking charge. The CEO said in an interview he’s had approaches for all remaining parts of the Avincis chopper unit and is sure the group can avoid an equity raise, even if disposals take more than a year.
“We wouldn’t say it unless we were confident,” he said. “Those assets we’ve identified as not fitting our go forward strategy are good businesses. We believe from feedback from banks and others that there will be good interest".