Helo Operators Inaer, Bond Become Sister Companies

 - May 5, 2011, 10:00 AM

Spain’s Inaer and UK-based Bond Aviation Group, two major helicopter operators in Europe, now have the same parent company–World Helicopters, a holding firm owned by Investindustrial and KKR. World Helicopters completed its acquisition of Bond this week. According to a joint statement, Bond owners Peter and Stephen Bond have made “a substantial financial investment” in World Helicopters, and they will thus both have executive seats on the company’s board. Peter Bond will remain chairman at Bond, since Inaer will not be fully merged with Bond, meaning “the Bond brand will continue, as will the current senior management team.” Bond operates about 40 helicopters in emergency services, police and offshore oil-and-gas transport. Inaer operates 320 aircraft, 273 of which are rotorcraft. It has bases in ßEurope, Australia, North Africa and South America. Last year, Inaer reported revenues of €338 million ($470 million), two thirds of which come from EMS, civil protection and firefighting operations. It has launched a €250 million ($350 million) fleet investment plan over the 2010 to 2014 period.