HNZ Group Annouces Investment in Norsk Helikopterservice AS
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HNZ Group Annouces Investment in Norsk Helikopterservice AS

Don Wall (left), President and Chief Executive Officer of HNZ Group, with Bjorn Veum Seljevold, Chairman of Norsk Helikopterservice (NHS) at the NHS Hangar in Stavanger, Norway.

HNZ Group Inc. announced today it has acquired an interest in Norsk Helikopterservice AS (“NHS”), an offshore helicopter provider based in Stavanger, Norway.

NHS’s offshore operations provide crew transport to oil and gas customers within the Norwegian continental shelf. It currently operates one Sikorsky S-92 heavy aircraft in support of Lundin Petroleum’s offshore facilities and performs ad hoc work for other oil and gas operators. NHS employs approximately 25 people and has leased offices and hangar space at Stavanger Airport.

As one of the largest offshore helicopter markets in the world, the Norwegian offshore market consists of approximately 60 aircraft operated by four helicopter companies (including NHS), and exclusively employs heavy aircraft due to the distances and environmental conditions involved.

HNZ’s investment in NHS and Norway represents its first in the European market and complements its operations in North America and the Asia-Pacific region.

Please see full release.