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Caverton Takes On New Helicopter AW139

LAGOS, NIGERIA – 27 MAY 2014 – Caverton Offshore Support Group (“CAVERTON”, ISIN Code: NGCAVERTON07), a leading provider of marine, aviation and logistics services to local and international oil and gas companies in Nigeria announced today the acceptance of a brand new AW139 helicopter, the 7th in its fleet. As part of the company’s earlier stated plans to embark on fleet expansion, the new aircraft adds to the growing fleet of Caverton’s Agusta Westland helicopters thus making it the largest fleet in sub-Saharan Africa.
The new helicopter is dedicated to the Shell Petroleum Development Company (SHELL) contract which the company won in 2010 through a competitive bidding process.

Shell’s 7th AW139.  

The aircraft was manufactured in Italy and is pre-equipped with the Forward Looking Infra Red (FLIR)
camera, which allows airborne pipeline surveillance to be carried out and images streamed in realtime to base stations. It also has thermal imaging systems which are used for surveillance and threat detection.
The Caverton team was at Agusta Westland’s factory on 5 May 2014 to inspect the aircraft and ensure that it fully complies with the latest stringent requirements in terms of performance, safety and operational specifications.The aircraft is expected to commence operations before end of half year 2014.
In addition to its listing on the Nigerian Stock Exchange, Caverton Offshore Support Group announced its full year 2013 results which showed revenue increasing by 16% to N18.7 billion from N16.1 billion in the previous year, primarily driven by contributions from IOC contracts. EBITDA went up by 32% to N5.9 billion from N4.5 billion in Dec 2012 while the company’s net income rose by 40% to N1.9 billion from N1.4billion the previous year.

Caverton Helicopters Opens First Commercial Aviation Training Center At MMA

Caverton Helicopters Limited (a subsidiary of Caverton Offshore Support Group PLC) has notified The Nigerian Stock Exchange that it will operate the first commercial aviation training centre in the African region.
The purpose built facility to be located at the Murtala Muhammed International Airport will feature six (6) simulator bays equipped with a CAE 3000 Series AW 139 full-flight helicopter simulator (FFS), a CAE 7000XR Series Boeing 737 NG full-flight fixed-wing simulator (FFS) and two Simfinity Integrated Procedures Trainers (IPTs). The collaborative effort will have CAE providing a turnkey solution that will include the start-up, maintenance and operation of the centre for a specified period pending the full transfer of knowledge and skill-sets.
This new development is poised to strengthen Caverton’s position as a leading provider of aviation logistics and training services in the sub region. Caverton’s foray into this segment of the industry in collaboration with the number one provider of advanced simulation training solutions will allow Caverton to diversify its income base, while improving it’s efficiency and also the efficiency of third party users such as airlines and other helicopter operators in the region.
The centre will eliminate the challenges experienced by many pilots in the region striving to obtain their re-currency training and type ratings and it is expected to boost local capacity development, while curbing capital flight and improving overall safety in the Nigerian and regional aviation sector

Nigerian Air Force show support for Caverton

Top members of the Nigerian Airforce paid a visit to Caverton facility to show interest in the Technical support of Caverton. 

The Airforce operates over 8 Agusta 109 helicopters. As Caverton is an Agusta Westland service center for this region this relationship will access to spares and technical support to reduce down time of their AC. They were shown round by Capt Choms and the Technical Director Betrand Bril.

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Caverton Group Repositions Helicopter Subsidiary ; Appoints Captain Josiah Choms as New Managing Director

As part of its repositioning plans, Caverton Helicopters, a subsidiary of Caverton Offshore Support Group Plc (COSG) has appointed Captain Josiah Choms as the new Managing Director.

In notification to the Nigerian Stock Exchange (NSE), COSG said Choms will take over from incumbent MD, Mr. Sola Falola, who will step down on July 31, 2014.

According to the company, having successfully served out two terms of four years each, Falola is stepping down in line with the company’s corporate governance practice.

“An economist and a former banker, Falola will however remain a member of the board of COSG, and he is expected to play critical roles as the company diversifies into the provision of first-of-its-kind aviation training and aviation maintenance, repair and overhaul services in Nigeria.

Chairman of COSG, Mr. Aderemi Makanjuola, who announced the repositioning, said: “Falola has served the company meritoriously. He has contributed in lifting Caverton Helicopters to enviable heights and into becoming the pride of the aviation logistics services sector in Nigeria and beyond.

"Apart from retaining his position as a board member of the Caverton Group, he will also continue to be the Chairman of Caverton Aviation, Cameroon.”

Makanjuola noted that the new management change is aimed at strengthening the company’s capacity to single-mindedly pursue its diversification plans.

“It is expected that the change will enable more focus by the group office management on the new business initiatives while Captain Choms and his team will focus on deepening the aviation logistics part of the COSG business,” he added.

According to him, this management change is coming at a time that Caverton is embarking on new business initiatives  including the Aviation Training Center (ATC) and Maintenance Repair and Overhaul (MRO) Facility.

COSG had at its last annual general meeting in Lagos last June announced plans to build a 40,000 square metres facility at the Murtala Mohammed International Airport in Lagos for in-country training of pilots and engineers and aircraft maintenance, two areas that have serious implication for national capacity development, efficiency and safety in the aviation sector.

In furtherance of this plan, on June 10 in Montreal, Canada, Caverton Helicopters signed a landmark agreement with CAE, a global leader in the provision of flight simulators, for training centre operation services at Caverton’s flight simulation training centre in Lagos.

Expected to take-off next year, the facility will be the first commercial flight simulation training centre in Africa. CAE will provide a turnkey solution that will include the start-up, maintenance and operation of the centre for a specified period pending the full transfer of knowledge and skill-sets to Nigerians.