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Aviation Services

Cobham Acquires Full Ownership of Helicopter Services Joint Venture

Cobham has completed the acquisition of the 50% shareholding that it did not already own in FB Heliservices Ltd.

Cobham plc ('Cobham' or 'the Group') today announces that it has completed the acquisition of the 50% shareholding that it did not already own in FB Heliservices Ltd, FB Leasing Limited and FBS Limited (together 'FBH'), from its long standing joint venture partner, Bristow Helicopters Limited ('Bristow').  The transaction comprises cash consideration of £74 million payable on completion, together with the assumption of Bristow's share of FBH's net debt. 

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