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Swiss helicopter maker plans $154 mln capital increase -source
October 13, 2017 / 7:29 AM / 10 days ago

Swiss helicopter maker plans $154 mln capital increase -source

ZURICH, Oct 13 (Reuters) - Marenco Swiss Helicopter plans to raise 150 million Swiss francs ($154 million) in fresh capital as it gears up to deliver its carbon-fibre aircraft to customers starting in 2019, a source familiar with the transaction said.

The helicopter maker wants a share of the single-engine light helicopter market served by Airbus, Textron’s Bell Helicopter, Lockheed-Martin’s Sikorsky and Italy’s Leonardo.

Rothschild is advising Marenco, the source said. (Reporting by John Miller; Editing by Joshua Franklin)

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