Eastern Airways Limited has been sold by owners Bristow Helicopters Limited to Orient Industrial Holdings Limited, for an undisclosed sum.
Eastern, which operates from several UK airports including Humberside and Leeds Bradford, employs more than 400 people and provides scheduled flights as a franchise partner of Flybe, specialist oil and gas contracts, corporate shuttles for blue-chip companies and ad hoc private charter services.
The company was founded in 1997 to replace a service from Aberdeen to Humberside after Netherlands-based KLM withdrew from the route.
Eastern’s MD Tony Burgess said: “Back as an independent operator, we will focus on opportunities to enhance and grow this business. We will continue to work in close partnership with Bristow Helicopters in the UK providing fixed wing operations to support the North Sea oil and gas sector.”
Philip Ashworth said: – “We are delighted to have helped to advise on this transaction for the aviation industry and we wish Eastern Airways every success for the future.”
Eastern’s legal advice was provided by a multi-disciplinary team at regional law firm Andrew Jackson Solicitors, which was led by corporate partner Philip Ashworth, who was supported by Nicole Waldron (corporate), Fiona Phillips (tax) and Mark Davies (banking); Bristow was advised by the London office of DLA Piper.