Universal Helicopter sale will not impact Pasadena: CEO

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Paul Hutchings
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PASADENA — A deal that saw Universal Helicopters sold to the Nunatsiavut Group of Companies Monday will not impact Universal’s facility in Pasadena, according to the company president and CEO.

Jeff Goodyear said Universal plans to stay in Pasadena for as long as possible.

The Nunatsiavut Group purchased the company reportedly with the help of a private investment fund funded by former prime minister Paul Martin. Involved in the deal is the Pasadena property, as well as property in Goose Bay, Gander and St. John’s, as well as 18 helicopters and a vast assortment of mechanical tools.

Goodyear said there should be no local effect from the deal.

“Our base is still there, we have very long-term and loyal clients in Pasadena and we look forward to maintaining the operation for the indefinite future,” he said. “Any expansion we do depends on the market, and this past year has been challenging.”

Those challenges, he said, include a reduction in the mining industry’s activity levels across the country, with exploration for base minerals coming to a crawl.

“That’s had an adverse effect on our operations,” he said. “But we are every bit as committed to the Pasadena operation as we have ever been.”

Universal Helicopters will be the Nunatsiavut Group of Companies largest business. It also owns a stakes in Air Labrador and CAI Nunatsiavut Marine.

 

 

Organizations: Nunatsiavut Group of Companies, Universal Helicopters

Geographic location: Pasadena, Goose Bay, Gander

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