UK: Liquidator sells Sterling Helicopters hangar at Norwich

UK: Liquidator sells Sterling Helicopters hangar at Norwich

5-Dec-2011 Source: HeliHub.com

Accountancy firm PKF, appointed as liquidators to Sterling Helicopters, have announced that they have disposed of Hangar 14 – the main hangar used by the now-defunct operator.  Partner Matt Howard announced that Bond Air Services has bought the leasehold of hangar 14, which is next to the current air ambulance operation that they operate.

PKF are now aimnig to deal with the tenancy of Hangar 13, the smaller of Sterling’s two buildings at Norwich Airport.  Sterling went into compulsory liquidation in July after two creditors took the company to the courts, which in turn lead to 19 job losses.

The liquidators report that they have now sold “nearly all” of the stock, with only two more helicopters remaining.  Other helicopters were repossessed by finance companies, and the complication of one of the BK117s having an engine owned by a third party has also been resolved.

Sterling was founded in 1989 by Gerry Hermer, and sold in 2005 to Longmint Group, a property services company which moved into aviation around that time with the purchase of a group of helicopter operators and two airfields.

Jeremy Parkin – HeliHub.com

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