Bristow Helicopters picks up stake in UK's Eastern Airways

By VCPOST Staff Reporter

Feb 08, 2014 10:13 AM EST

Bristow Helicopters has purchased a 60% holding in Eastern Airways International Ltd, according to Aviation Tribune.

Under the terms of the strategic investment deal, Eastern Airways will continue its operations independent from Bristow. The former will still use its own brand and be headed by the same management team. Eastern Group will hold the 82.7% stake in Humberside Airport, which it purchased in August 2012. North Lincolnshire Council will continue to hold its 17.3% stake in the said airport, the report detailed.

Bristow managing director Mike Imlach said: "Bristow and Eastern Airways serve many of the same customers. Our business portfolios are highly complementary in terms of service offerings and geographic footprint. Through this investment, we can leverage our respective strengths to create a seamless experience for passengers traveling to offshore locations."

Established in 1997, Eastern Airways' fleet of 30 aircrafts operates flights across the UK, Aberdeen, France, and Norway. The firm also provides charter services for clients in the oil and gas sector, Aviation Tribune reported.

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