British International Helicopters Ltd

1. Title of report: Bond Helicopters Ltd and British International Helicopters Ltd (MMC - Cm 2060)

2. Date of report: 19 August 1992 Published: 16 September 1992

3. Orders: N/A

4. Date of original undertakings: 23 October 1992

5. Companies giving undertakings: British International Helicopters Ltd

6. Details of undertakings: Undertakings not to dispose

(i) Not to do anything which results in the acquisition by Bond, of any interest in any part of the undertaking or assets of British International's North Sea helicopter business ('the Business').

(ii) Paragraph (i) above shall not prevent the doing of anything which results in:

(a) any acquisition of assets in the ordinary course of business (save that such assets shall not, except with the consent of the Director General, include any helicopters);

(b) any acquisition of shares or an interest in shares in any company so long as Bond's holding or interest in that company relates to less than 15 per cent of its issued share capital and carries less than 15 per cent of the voting rights.

7. Date of amendments: N/A

8. SIC code: 62.20/1 (Helicopter transport)

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