CHC to partner Jagal
After ending its partnership with Aero Contractors in 2010, CHC Helicopters has now teamed up with the Lagos-based Jagal Group – a Lebanese-owned industrial conglomerate – to provide helicopter services in Nigeria. In 2011 CHC reported:
We’ve had our challenges in Nigeria in recent years. Last year we started reducing our fleet size in that country as part of our transition plan to reestablish a strong and sustainable presence there. (…) First we have signed an agreement with our existing local partner. Both parties agreed on a transition phase to exit our relationship in an orderly fashion. (…) Second, we have active discussions with another local operator on opportunities to put some of those aircrafts back to work. And lastly, we’ll work on identifying long-term partners and a new structure in Nigeria for CHC to operate successfully and profitably over the long term. It’ll take us some time to go through this transition, and we continue to – we’ll continue to update you on our progress. Overall though, we’re very excited about the potential in Nigeria and the impact it will have on our business.