WILLIAM AMELIO, CEO of CHC Group Ltd, purchased 50,000 shares of CHC Group Ltd (Stock Symbol: HELI) at $10 per share for a total amount of $500 thousand on January 23rd, 2014.
CHC Group is situated in Richmond, British Columbia in Canada.
On January 16th, 2014 – CHC Group Ltd., the parent company of CHC Helicopter S.A., announced the pricing of its initial public offering of 31,000,000 of its ordinary shares, at a price to the
public of $10 per share.
On December 11th, 2013 – CHC Helicopter (the subsidiary) announced quarterly results. Revenue and earnings were both down year-over-year, partly as a result of limited availability of EC225 aircraft, along with costs to return those helicopters to flying operations. Revenues for the quarter were $443 million and EBITDA of $109 million.
According to Capital IQ, CHC Group Ltd has a market cap of $740 million, an enterprise value of $2.41 billion, and trailing 12 month revenues of $1.74 billion.
CHC Group Ltd. provides commercial helicopter services to the offshore oil and gas industry worldwide. The company operates through two operating segments, Helicopter Services and Heli-One. It operates helicopters, primarily used to facilitate long-distance crew changes on offshore production facilities and drilling rigs. The company also provides search and rescue and emergency medical services to government agencies. It operates in offshore oil and gas markets through a network of approximately 70 bases with operations in approximately 30 countries with a fleet of 246 helicopters. In addition, the company offers maintenance, repair, and overhaul services, including maintenance outsourcing solutions, parts sales and distribution, high-value engineering, design services, and logistics support to third-party customers. It specializes in heavy structural repair, maintenance, overhaul, and testing of helicopters and helicopter components. CHC Group Ltd. serves major, national, and independent oil and gas companies. The company was founded in 1987 and is headquartered in Richmond, Canada. CHC Group Ltd. is a subsidiary of 6922767 Holding (Cayman) Inc.
According to the biography, Mr. Amelio joined CHC as president and chief executive officer in August 2010, bringing with him a distinguished record of senior leadership at several major corporations. During his tenure as president and chief executive officer of the Lenovo Group, immediately prior to joining CHC, the company integrated what had been IBM’s Personal Computer business, implemented a broad-reaching business-transformation program, introduced the Lenovo brand around the world, and quintupled sales. Mr. Amelio has also managed major business units for leading companies such as Dell, NCR, and AlliedSignal. He holds a bachelor’s degree in chemical engineering and an honorary doctorate in engineering from Lehigh University. Mr. Amelio earned a master’s degree in management from the Stanford Graduate School of Business, where he is a Sloan Fellow. Mr. Amelio and his wife, Jamie, founded Caring for Cambodia, a nonprofit organization to improve education for children in Cambodia by building schools, training teachers and providing for essential personal needs.
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