Global Vectra acquires 3 helicopters

Global Vectra Helicorp (GVHL), an offshore air logistics helicopter company, has inducted three brand new Bell 412 helicopters to its current fleet of 15. GVHL has invested $22.5 million to acquire the 3 offshore configured aircraft which have been funded through equity and lease finance.

Two of these three new acquisitions will be deployed to serve Reliance Industries on the east coast as well as the west coast and the third will be used for another company for their west coast operations.

Meanwhile, it also signed an agreement to provide helicopter services to Transocean Offshore International Ventures and its affiliate for a period of three years at a contract value of Rs 43 crore approximately.

These new Bell 412 helicopters can seat two pilots and 13 passengers and are identical to the 15 Bell 412s which GVHL already has.

The addition of aircraft has swelled up GVHL's fleet size to 18 helicopters and has also added to the total fleet of off-shore air logistics industry which has a total strength of 39 off-shore helicopters.