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Old 28th March 2011 | 16:22
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BolkowBill
 
Joined: Jan 2006
Posts: 12
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From: UK
The Bond brothers are expected to continue with the business for an agreed minimum period of time, in a move with closely matches the sale of their original Bond Helicopters group 15 years ago to CHC.
As I understand it this is journalistic error (such as we see all the time) as the original deal with CHC was quite the opposite; the Bond brothers didn't remain at all involved and had to sign a five-year agreement not to venture offshore during that period. After it had expired they were able to begin again on the N Sea but the CHC deal was reported as a hostile takeover whereas this looks like a voluntary agreement by the brothers and is therefore likely to be far more beneficial to the company (or at least the Bond brothers!) than the CHC situation.
I think that makes sense
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