and restructuring or rent costs

February 22, 2014 - 11:15am
CHC’s oil-and-gas, search-and-rescue and EMS sectors saw a slight increase in revenues in its FY2014, while overall revenues at the company decreased by 1 percent. The decrease was attributed to lower availability of the EC225 fleet and the higher costs needed to return those helicopters to service following imposition of operating restrictions after two of the model ditched in 2012.

CHC Group is going public and has begun an initial public offering (IPO) of 29,412,000 of its ordinary shares. The company, parent of CHC Helicopter, will make all of these shares available in the IPO, which is expected to price at $16 to $18 per share. If the underwriters sell more than the allotted shares, they will be able to buy up to 4,411,800 additional ordinary shares at the IPO price, less underwriting discounts, according to CHC. The company’s symbol on the New York Stock Exchange will be HELI.

 
X