PANews
18th Feb 2004, 01:05
Difficult to keep an on the ball when it keeps moving so fast!
It looks like there is a change of owners at Heliair. This might be of interest.
http://www.rotorhub.com/content/view.php?section=17&article=9
ppheli
18th Feb 2004, 12:55
Rumour control now suggesting it is a customer who recently bought a blue R44 or two....
Flying Lawyer
9th Mar 2004, 06:15
HeliAir has effectively been sold. A very substantial shareholding has been sold to a City investor and Mike Smith is no longer the majority shareholder. He's agreed to continue running the company and remains Managing Director.
Mike and family have worked hard over many years and have seen HeliAir go from strength to strength. Last year was its best yet.
I'm told the flying schools are busy and that, in the 11 month period from April 2003 to today, HeliAir sold:
68 new Robinsons (80% of which are R44s)
12+ used helicopters.
It seems like a sensible time to sell. Next year might be even better, but there again ............ who knows?
The new owner, a stockbroker, hasn't previously been involved in aviation but is learning to fly.