Global Vectra Helicorp to expand operations into on-shore charters

14 Apr 2008

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Mumbai: Private helicopter company, Global Vectra Helicorp (GVHL), has inaugurated its new Rs7 crore hangar and maintenance facility at the Juhu heli-base in Mumbai. The facility will be used as a overhaul and maintenance hub for its planned expansion into the on-shore charter business, according to Allan Brown, CEO, GVHL.

The facility will be used for the overhaul and maintenance of GVHL's fleet of 19 Bell 412 helicopters. 

Now, according to Brown, GVHL will foray into heli-tourism, transporting executives as well as airport shuttle services.  The company would also look at serving areas in the northern region that are difficult to access such as those with hilly terrains. 
 
As for airport shuttle services, GVHL would look at airports, such as the Bangalore International and the Hyderabad International airports, which have issues regarding access as they are located far from the city. 
 
Since its inception in 1998, the company has been involved with dedicated off-shore air logistics support operations. It is now ready to launch on-shore charter services for corporate clients and has deployed one EC135 helicopter for these services. It now plans to add three more EC135's for on-shore services.

According to GVHL, it will invest $60 million for the first batch of seven copters, which will likely join the fleet by the end of the current financial year.

The company may also add three AS B3 seismic servicing aircraft to its fleet for assistance in mineral exploration. These aircraft have sensors attached that aid in locating deposits. 
 
Brown also mentioned that the company may go in for a rights issue as well to fund expansion plans.

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