UPDATE: HeliPro director calls in receivers after tough winter dents cashflow

Tue, 07 Oct 2014

(Updates lede with detail, adds receiver comment in fourth, fifth graphs) By Suze Metherell Oct. 8 (BusinessDesk) - Rick Lucas Helicopters, which owns the red helicopter tourism company HeliPro, has been tipped into receivership by its director after a tough winter led to unmanageable debt levels. Sole director of the business Rick Lucas appointed PwC partners John Fisk and David Bridgman as receivers for the Palmerston North-based company and its related businesses, the accounting firm said in a statement. The HeliPro business employs...

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