Connect with us

Hi, what are you looking for?

Jewish Business News


Soros and Dell Backed Waypoint Buys More Helicopters

Exclusive Interview With Billionaire Investor George Soros


Waypoint,  a helicopter lessor backed by billionaires George Soros and Michael Dell, announced it purchased 31 aircraft valued at $400 million to meet demand from offshore oil and gas companies. This doubles the size of Waypoint. General Electric is making similar acquisitions, as it bought Milestone Aviation Group last month for $1.78 billion.

Waypoint CEO Ed Washecka said, “There is a lot of underlying demand for helicopters and that will continue. The world is going to need more energy, and that is true three years from now, 10 years from now, 20 years from now, ” he told Bloomberg. “When you look at where energy is coming from, a lot of it is going to be from offshore development.”

Waypoint will now have 80 helicopters valued at $1 billion, and that puts it as the number two player in the industry behind GE-owned Milestone.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.



You May Also Like

World News

In the 15th Nov 2015 edition of Israel’s good news, the highlights include:   ·         A new Israeli treatment brings hope to relapsed leukemia...


The contract signed between the Israeli government and Pfizer shows clearly and unequivocally that this is a clinical study on humans - The agreement...


After two decades without a rating system in Israel, at the end of 2012 an international tender for hotel rating was published.  Invited to place bids...


Now Platika joins and elite club of $10 billion plus Israeli firms.

cialis cialis satış