Secor completed its purchase of a minority holding in Hawker Pacific late last year.
A wholly owned subsidiary of marine and aviation assets company Secor Holdings Inc, Seacor Capital became a minority shareholder of Hawker Pacific with a $25 million investment. In return, Hawker Pacific has provided newly issued common equity, allowing Seacor to appoint representatives to the Hawker Pacific board of directors.
“The newly constituted board of directors expects to invest the proceeds from the strategic investment in a wide range of initiatives designed to significantly expand Hawker Pacific’s sales and marketing resources, technical and engineering capability and further develop its MRO and FBO infrastructure across Asia Pacific and the Middle East,” Hawker Pacific said in a statement.
Seacor joins Saab AB Sweden and Lynton Holding Asia DK APS as Hawker Pacific’s current shareholders.
