Flight Company Sold to Canada

Nelson-based Helicopters New Zealand (HNZ) has been bought by Canadian Helicopters Group for $16 million. HNZ operates 33 helicopters at 11 bases in New Zealand, Australia, Laos and Cambodia. “The acquisition of HNZ represents a transformational investment for Canadian Helicopters, and in a part of the world that complements (our) activities in the northern hemisphere,” Edmonton-based CEO of Canadian Helicopters Don Wall said. Helicopter New Zealand’s CEO Brian McDonald said that the company had grown from being a local New Zealand operation to a quality international operator. “We welcome the opportunity to continue to maintain our high level of quality services and continue to grow and enhance the business for all stakeholders, including our clients and staff, in the future through Canadian Helicopters’ ownership,” McDonald said.