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Air Ambulances in Australia: Helicorp buys Pel-Air, from Rex Group

Transaction worth over $47 million, pending approval by the Foreign Investment Review Board

Rex Group has announced to investors that it has entered into an agreement to sell its air ambulance business, Pel-Air, to Helicorp Pty Ltd. The agreed transaction amount is approximately $47.1 million in cash. The proceeds from this sale will be used by Rex Group to settle existing secured debt. Helicorp, wholly owned by Toll Holdings Limited (part of the Japan Post Group), will complete the purchase...

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Mascot New South Wales, Australia, 10/25/2024 15:49
AVIONEWS - World Aeronautical Press Agency

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