Vector services helicopters at locations in Langley (L) and Richmond (R).

Change of ownership for Langley and Richmond helicopter servicing operations

Multi-million dollar deal closed with European firm

Helicopter servicing operations in Langley and Richmond are included in a $625 million deal announced Monday between Vector Aerospace Corporation of Canada and the Eurocopter Holding Division of the German-French EADS aerospace group.

The Vector board of directors has unanimously approved the sale and the companies that control 60 per cent of the shares have promised to sell, a a joint news release said.

A take-over bid circular will be mailed to all Vector Aerospace shareholders shortly, the statement added.

Eurocopter plans to continue operating the Canadian company under the Vector name.

Vector has 2,500 employees in Canada, the United Kingdom, USA and South Africa, including the Langley and Richmond helicopter service operations.

The Langley facility at 5947 206A Street services a number of Bell, Sikorsky and Eurocopter models, while the Richmond plant at 4551 Agar Drive works on a variety of helicopter engines built by Rolls-Royce, Pratt & Whitney, General Electric and Turbomeca Engine Corporation.

A written statement was issued by Declan O’Shea, CEO of Vector Aerospace, saying the sale would allow the Canadian-based company “to pursue our long history of profitable growth and excellent levels of quality and customer service.”

 

Just Posted

Large drug bust yields fentanyl and carfentanil

Abbotsford Police launch investigation after spike in overdose deaths

Fill the Ambulance for those in need Saturday and Sunday

Kimz Angels, Santa, celebrities and a big fire truck will be at the Murrayville IGA

Fort Langley gallery artists collaborate to celebrate winter solstice

Fort Gallery is hosting its monthly arts evening featuring live music and the latest art exhibit.

Car jumps curb at Langley Burger King

A vehicle clipped the corner of the building and hit some picnic tables.

Langley’s Queen of pantomime sets sail Friday on ‘a sea of hilarity’

Langley’s Ellie King describes her newest undertaking as rollicking, comical panto.

VIDEO: New series takes in-depth look at sexual harassment in B.C.

Black Press takes a hard look at sexual harassment in B.C.

Police appeal for info after girl, 11, hit in New Westminster crosswalk

Child was left with non-life threatening injuries

Horgan says pot smokers may face same outdoor rules as cigarette smokers

B.C. is developing its rules on recreational marijuana

B.C. teacher suspended after explicit images projected to class

Jeffrey Rohin Muthanna had been viewing porn on a school laptop for two years

Man who pledged to give B.C. hockey team millions charged with fraud

Mike Gould has since repaid $8,000 he allegedly owed Cranbrook restaurant, owner says

UPDATED: Byelection lawsuit cost Langley City $27,000

Last-place candidate Serena Oh failed to convince the Supreme Court to hear her case.

Strong economy fuels housing sales in B.C.: report

Economist says demand for houses is being supported by a large number of millennials entering the market

Tequila, hammers and knives: what not to bring on an airplane

Vancouver International Airport staff provide tips on travelling during the holidays

More than 20,000 pounds of garbage removed from riverside homeless camps

Two camps taken down last week on the banks of the Fraser and Chilliwack rivers

Most Read