NHV and Blueway form new helicopter company


Eurocopter H175

NHV and Blueway helicopter merger will set up bases in Europe and Africa.

NHV and Blueway have signed a merger agreement to create a helicopter company. Following the transaction, NHV will buy Blueway’s stakes owned by Reiten & Co Capital Partners and Helicopter Transportation Group.

ALSO READ: NHV orders EC175s

The merger is conditional and needs to pass the required regulatory requirements. Over the last few years, the two companies  formed strategic alliances including shared hangar facilities in Norwich and Den Helder.

The new group will form a large European-owned helicopter company with approximately 650 employees in several countries across the globe with a combined turnover of more than $270 million in 2013.

The company plans to maintain their customer base around the North Sea (Norway, Denmark, The Netherlands, Belgium, UK), in France, as well in Africa, starting from our existing bases (Ivory Coast, Ghana, Nigeria).

Eric Van Hal, CEO and co-shareholder of NHV, said: “We are very pleased to welcome the people of Blueway to our Group. We decided to partner with Blueway as we have been impressed by their commitment to the customers, industry knowledge and experience. We also share a common set of values and ambitions. Joining forces with Blueway provides us with a large and robust platform for our further expansion.

“Our goal is to serve our global customers in the safest, most reliable manner, and affording them the flexibility and human approach they deserve.”

“This in combination with our order book of 16 next-generation EC175 will accelerate our plans to achieve our ambition of top tier player in our industry. Ardian’s support and expertise have been greatly beneficial to NHV and will help accelerate our plans to achieve our ambition of becoming a leader in our industry,” adds Van Hal.

The new group will have 59 helicopters (EC225, AS332L2, AS332C, AW139, EC155B1, AS365, EC145, MD Explorer, and AS350) with an order book of 19 helicopters (1 EC225, 16 EC175, 2AW139) that should be delivered in the next 3 years.

The new group will be the first company to receive the Airbus Helicopters EC175 later this year for operation on the oil and gas platforms.