{"id":157008,"date":"2022-03-04T13:38:05","date_gmt":"2022-03-04T12:38:05","guid":{"rendered":"https:\/\/www.withinnigeria.com\/news\/?p=157008"},"modified":"2022-03-04T13:40:39","modified_gmt":"2022-03-04T12:40:39","slug":"caverton-helicopters-we-remain-safe-financially-stable","status":"publish","type":"post","link":"https:\/\/www.withinnigeria.com\/news\/2022\/03\/04\/caverton-helicopters-we-remain-safe-financially-stable\/","title":{"rendered":"Caverton Helicopters: We remain safe, financially stable"},"content":{"rendered":"<p>Caverton Helicopters Limited has disclosed that it is committed to safety in all facets of its operations, and the company remains financially stable despite the lingering impact of COVID-19.<\/p>\n<p><span data-preserver-spaces=\"true\">Caverton Helicopters is a subsidiary of Caverton Offshore Support Group Plc, a company quoted on the Nigerian Exchange Limited.<\/span><\/p>\n<p>This was contained in a statement released on Thursday by the company in reaction to<span data-preserver-spaces=\"true\">\u00a0allegations of financial strength.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Caverton said it has experienced workers, well-trained, type-rated and professional crew (pilots and engineers) to meet the complex needs of its premium clients.<\/span><\/p>\n<p>The company in November 2021 received certification from\u00a0European Union Aviation Safety Agency (EASA) to use the Thales Level D, reality full flight stimulator product, a Reality H system.<\/p>\n<p><span data-preserver-spaces=\"true\">\u201cThis statement is to clear the air on some incorrect and sensational <a href=\"https:\/\/www.withinnigeria.com\/news\/2022\/01\/20\/efcc-summons-ahmed-kuru-amcon-md-over-corruption-allegations\/\">allegations<\/a> peddled about Caverton Helicopters in a recent online publication. Though it is not in our character to blow our trumpets, we make bold to say that Caverton Helicopters\u2019 commitment to safety in all facets of its operations is impeccable and unimpeachable. Also, the company remains financially stable despite the lingering impact of COVID19 on the national and global operating environment,\u201d the statement reads.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">\u201cThe online report falsely alleges that the chairman of our company is a politician or a politically exposed person. Nothing can be farther from the truth. The report also claims that some pilots left the company for another. While this is true, the motive adduced is far-fetched. The country and the industry operate a free-market economy whose cardinal principle is free entry and exit, including for labour. It is within the constitutionally guaranteed rights of those who left the company to do so, as it is within the rights of others to come on board.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">\u201cAs a matter of fact, the experienced hires by Caverton always come from other companies too, both within and outside the country. Creating a sensation out of some staff leaving one organisation for another organisation amounts to making a mountain out of a molehill. The relevant point is that Caverton always has the required number of well-trained, type-rated and professional crew (pilots and engineers) from virtually all continents of the globe to meet the complex needs of its premium clients.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">\u201cIt is also worth stating that regular audit review is not alien in a highly regulated sector like the oil and gas industry. The suspension of flights with one of our esteemed clients is to ensure such a review. It is a partial suspension as we still operate from the base. Also, it is not a cancellation of our contract with the company. We are positive that we will return to normal operations once the audit is concluded.\u201d<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The statement added that despite the global pandemic, \u201cthe company always met its obligations to its staff and suppliers\u201d.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">It added that its business outlook is more positive than before, reinforced by strategic decision to diversify revenue streams as the world returns to normalcy.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">\u201cTo underscore our commitment to safety, capacity building and financial buoyancy, Caverton has built a 40,000 sqm training and maintenance, repair and overhaul facility. With spare parts from original equipment manufacturers, operating within an export free zone, and fitted with an EU regulator certified flight simulator, the facility is the first of its kind not just in Nigeria but in Africa,\u201d it added.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">\u201cWe are, therefore, subject to well-regulated and high ethical corporate governance standards continuously. We remain unwavering in our commitment to these standards and to delivering best-in-class service to our esteemed clients and lasting value to our other stakeholders.\u201d<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Caverton Helicopters Limited has disclosed that it is committed to safety in all facets of its operations, and the company remains financially stable despite the lingering impact of COVID-19. Caverton Helicopters is a subsidiary of Caverton Offshore Support Group Plc, a company quoted on the Nigerian Exchange Limited. This was contained in a statement released [&hellip;]<\/p>\n","protected":false},"author":17,"featured_media":157025,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jnews-multi-image_gallery":[],"jnews_single_post":[],"jnews_primary_category":[],"jnews_override_bookmark_settings":[],"jnews_override_counter":[],"footnotes":""},"categories":[16587],"tags":[31606,19,31607,31608],"class_list":["post-157008","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-caverton-helicopters","tag-covid-19","tag-european-union-aviation-safety-agency-easa","tag-financial-allegations"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.8 (Yoast SEO v27.8) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Caverton Helicopters: We remain safe, financially stable<\/title>\n<meta name=\"description\" content=\"Caverton Helicopters Limited has 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