Subsidiary enters Aircraft Sale and Purchase Agreement to acquire one Bell 206 L4 helicopter
Exhicon Events Media Solutions' subsidiary United Helicharters has entered an Aircraft Sale and Purchase Agreement with Dhillon Aviation Private Limited to acquire one Bell 206 L4 helicopter.
By ScoutQuest · · 1 min read
- Aircraft Acquired
- one Bell 206 L4 helicopter
- Counterparty
- Dhillon Aviation Private Limited
- Completion Condition
- subject to the agreement's terms and DGCA regulatory formalities
What was announced
Exhicon Events Media Solutions Ltd has informed the exchange that United Helicharters Private Limited (UHPL), its subsidiary, has entered into an Aircraft Sale and Purchase Agreement with Dhillon Aviation Private Limited. The agreement is for the acquisition of one Bell 206 L4 helicopter.
The aircraft is identified in the update by Manufacturer's Serial No. 52315 and Registration Mark VT-ZIN.
About the helicopter
- The Bell 206 L4 (Long Ranger IV) is a single-engine utility helicopter manufactured by Bell Helicopter Textron Inc., Canada.
- It is described as among the most widely operated helicopter types in the world.
- It seats a pilot and up to six passengers, with a spacious cabin and large windows for visibility.
The company says the type is well suited to aerial surveillance, patrol, monitoring and survey work. Its cabin is also described as suitable for executive transfers, corporate charters, sightseeing and tourism flights.
How the company explains the purpose
The update states that the acquisition will add to the fleet of UHPL and support its helicopter charter operations.
What is conditional
Completion of the transaction is subject to the terms of the agreement and the applicable regulatory formalities under DGCA requirements. In simple terms, the agreement has been signed, but the transaction is to be completed as per the agreement's terms and the required aviation regulatory steps.
What a retail investor may take away
The update tells shareholders that the subsidiary is expanding its helicopter fleet and the range of flying services it can offer. The update explains the aircraft's capabilities and the intended use, and notes that completion depends on the agreement's terms and DGCA formalities.
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More numbers
- Helicopters to be acquiredone Bell 206 L4 helicopter
- Passenger seating capacityup to six passengers
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