Global Vectra Helicorp plans $26mn expansion

Global Vectra Helicorp plans $26mn expansion

BS Reporter / Mumbai March 11, 2008

Global Vectra Helicorp (GVHL), a part of the UK-based $700 million Vectra Group, will induct two Bell 412 helicopters for offshore operations and one EC135 helicopter for onshore charters. The company will invest approximately $26 million (nearly Rs 105 crore) to acquire the three helicopters.

Post the acquisition, GVHL will own 24 helicopters, and the fleet addition will increase GVHL