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Old 19th Jul 2010, 15:00
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graculus
 
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According to This Day newspaper, Aero has restructured its $220 million debt with Oceanic bank and is now a 100% Nogerian company owned by the Ibru Group.
The statement also said that CHC will continue its technical relationship with Aero and maintain its aircraft both in scheduled passenger operations and rotary operations, which service the nation’s oil industry.

“Aero has consolidated and restructured all of its loans with Oceanic Bank on more viable terms and conditions that both parties deemed to be in their best commercial interests. Aero and CHC Helicopter Corporation (“CHC”) recently executed a series of 10-year agreements covering everything from helicopter leasing via personnel services to maintenance, repair and overhaul,” the statement said.

THISDAY ONLINE / Nigeria news / African views on global news
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