Accordingly, all of the issued and outstanding common shares and variable voting shares of HNZ (collectively, the HNZ shares) and subsequent acquisition by PHI of HNZ's offshore business conducted in New Zealand, Australia, the Philippines and Papua New Guinea.
Pursuant to the terms of the arrangement, each former HNZ shareholder other than Don Wall, will receive cash of CAD18.
In October, HNZ Group and PHI, together with Don Wall entered into an arrangement agreement under which Wall, through a wholly-owned acquisition company, will acquire all of the issued and outstanding common and variable voting shares of HNZ Group for CDN 18.
The arrangement values HNZ Group at approximately CDN 242.
This new contract extends our relationships with both INPEX and Shell and we are pleased with the continued confidence they have placed in us," stated Don Wall, President and Chief Executive Officer of HNZ
The contract started on 1st April, 2016, with HNZ
commencing crew change helicopter services from New Plymouth to various offshore petroleum platforms in New Zealand using two Leonardo (earlier AgustaWestland) AW139 helicopters.
is a very well-regarded training organization, well-known for its mountain flight training said Ray Lamas, general manager, Global Customer Training for the Bell Helicopter Training Academy (BTA).
The Canadian parent company of HNZ
said it had entered into an agreement with Rio Tinto for a renewed contract for an extended period of 10-year.