Swiss helicopter maker preps $154 million capital hike for liftoff

Marenco Swiss Helicopter is raising 150 million Swiss francs (115.64 million pounds)in fresh capital as it prepares to deliver its carbon-fibre aircraft to customers in 2019, it said on Friday.

The company is aiming for the single-engine light helicopter market dominated by Airbus (AIR.PA), Textron’s Bell Helicopter (TXT.N), Lockheed-Martin’s (LMT.N) Sikorsky and Italy’s Leonardo (LDOF.MI).

Chief Executive Andreas Loewenstein, an ex-Airbus executive, said he expected the capital hike to be completed by early 2018. Rothschild is advising Marenco.

Leave a Reply

Your email address will not be published.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