Struggling defence contractor Babcock in talks to offload emergency aviation arm
Babcock International is in talks to sell most of a troublesome division that provides emergency plane and helicopter services.
The FTSE 250 defence contractor is negotiating with infrastructure investor Ancala Partners to offload a large stake in the business.
It is the latest in a string of sales overseen by Babcock boss David Lockwood to turn the company around after years of under performance.
The emergency aviation services arm operates the UK's Air Ambulance fleet, search and rescue operations abroad and firefighting planes and helicopters.....
Source: This is Money