Helitech organizers have axed the Portuguese edition of the event that was happening every other year. Two shows took place, in 2008 and 2010, at Cascais airport, near Lisbon. But the organizers now believe that Southern Europe economies are not strong enough to support the event, a source close to Reed Exhibitions told AIN. The company will now have to face some sort of competition.
NetJets Europe expects to move into its new Lisbon, Portugal headquarters in December. The European fractional provider already runs all of its operational and administrative functions from the Portuguese capital and it is now investing $28 million in a much larger building that will house more than 400 employees. NetJets Europe said it will retain a sales and marketing office in London.