Caverton Helicopters Remains Safe, Financially Stable, Mgt Insists


The management of Caverton Helicopters has declared that the airline is safe and in a stable financial condition.

The airline also said that it always has the required number of well-trained, type-rated, and professional crew on its payroll.

The airline, in a statement signed by its management, emphasised that the global economies were adversely affected by the impact of the COVID-19 pandemic, saying that the company was not immune from the effect.

Recalled that a report had claimed that no fewer than 20 of the airline’s pilots resigned in recent months to join its rival due to paucity of funds in the airline and loss of some of its contracts.

The airline hinted that the country and the industry operate a free-market economy whose cardinal principle is free entry and exit, including labour.

It said it is within the constitutionally guaranteed rights of those who left the company to do so, as it is within the rights of others to come on board.

The airline insisted that the experienced technical personnel hired by it always come from other companies too, both within and outside the country.

The statement added: ”Creating a sensation out of some staff leaving one organisation for another organisation amounts to making a mountain out of a molehill. The relevant point is that Caverton always has the required number of well-trained, type-rated, and professional crew (pilots and engineers) from virtually all continents of the globe to meet the complex needs of its premium clients.

”It is also worth stating that regular audit review is not alien in a highly regulated sector like the oil and gas industry. The suspension of flights with one of our esteemed clients is to ensure such a review. It is a part of our contract with the company. We are positive that we will return to normal operations once the audit is concluded.”

The company regretted that the oil and gas market it primarily served was particularly hit due to low demand occasioned by lockdown across the globe.

It said that this affected its operations as clients reduced flights, dropped contracted aircraft, and reduced rates.

But despite this, the management pointed out that it always met its obligations to its staff and suppliers.

”As the world returns to normalcy, the negative impact of the pandemic is wearing off, and our business outlook is more positive than before, reinforced by our strategic decision to diversify our revenue streams.

”To underscore our commitment to safety, capacity building and financial buoyancy, Caverton has built a 40,000 sqm training and Maintenance, Repair, and Overhaul facility. With spare parts from original equipment manufacturers, operating within an export-free zone, and fitted with an EU regulator-certified flight simulator, the facility is the first of its kind not just in Nigeria but in Africa,” it added.



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