HNZ expands through creation of Acasta HeliFlight
HNZ Group has taken a majority shareholding Acasta HeliFlight. HNZ has invested approximately 3.4 million Canadian Dollars.
The new company is being led by Adam Bembridge. Bembridge was previously the President of Great Slave Helicopters.
Acasta will provide North Canadian VFR helicopter transportation services from its base in Yellowknife, NWT.
“We are very pleased to be expanding our onshore operations in Northern Canada. Acasta is a promising partnership which combines the technical expertise, financial strength and economies of scale of HNZ with the Northern know-how of a proven innovator like Adam Bembridge, who has deep ties in all corners of the North. We believe there are exciting opportunities in the territories which will contribute to diversifying and extending the reach of HNZ. This is especially valuable in light of current market challenges facing many of the economic sectors we serve”. said Don Wall, president/CEO, HNZ Group.
“I’m extremely proud to not only be a part of this investment in the North personally, I’m thrilled to have a such a dynamic partner like HNZ Group making this significant investment in the future of my home community of Yellowknife. Together we see this as a strategic investment that will create stable, long-term Northern employment. I personally look at Acasta HeliFlight as an opportunity, in otherwise challenging times, to demonstrate our commitment to our fellow Northerners and do our part to contribute to the overall stability of our economy.” said Bembridge.