RE: Gaifd27 Jan 2014 13:46
Before the scheme became operative, we were still a helicopter business.
With the scheme now in operation the helicopter business has been disposed of. However I guess that the SEC filing of last week was done on the strength of the helicopter business going independent, and therefore being able to continue in existence. Without the scheme GAIF was insolvent - the consequence of this was that the helicopters might have been requisitioned. With the scheme, they can be leased by the new helicopter company.
The helicopter part is no longer part of GAIF, GSL or XBIO.