1 The cigarette industry, by the very nature of its products, is often viewed as more resilient than many others.
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NHSL adds aircraft to fleet
The National Helicopter Services Limited (NHSL) has added two new aircrafts to its fleet as it attempts to maintain reliable service inspite of the current economic contraction.
NHSL Chairman Larry Mc Intosh admitted that in recent times, the NHSL has been experiencing reduced revenues “at a time when our aging aircraft must be replaced by newer, more cost-effective machines required by the energy companies.”
Mc Intosh was speaking yesterday at a brief ceremony where the NHSL introduced its two new aircraft - the AgustaWestland AW139 and Airbus H135 - a first for T&T.
T&T Guardian understands that both aircrafts were leased under three and five-year lease agreements, however, that cost was not disclosed to the media.
Mc Intosh noted that the NHSL’s fortunes rise and fall in sync with the cycles of the offshore oil and gas industry.
“Along with the rest of the country, we continue to tighten our belts while aggressively seeking new business opportunities both locally and regionally.” he said
“Although these are tough times for our business, the long-term outlook is quite attractive. Already, we are seeing an upturn in offshore exploration, and with our new fleet, we are well-positioned to be the preferred service provider for the offshore energy industry in this region,” Mc Intosh added.
Meanwhile, NHSL’s acting General Manager, Captain Homer Solomon said they stand ready to assist the Government in rationalizing and streamlining all its aviation assets, “to transform this business into one which is a model of safety and enterprise par excellence.”
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