Proceedings.

Universal Helicopters Universal Helicopters

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Proceeding
Receivership (court-appointed)International Interests in Mobile Equipment (Aircraft Equipment) Act, S.C. 2005, c.3
Court
Supreme Court of Newfoundland and Labrador
File
2020 01 4793
Industry
Transportation & logistics · Aviation
Filings held33
Last activity16 Feb 2021
On the record2,353 days
Secured debtSubscribers
OverviewSummary updated

Universal Helicopters Group, four Goose Bay, Newfoundland and Labrador entities, has been in receivership since May 27, 2020, when Canadian Western Bank appointed MNP Ltd. receiver under the BC and NL PPSAs and the International Interests in Mobile Equipment (Aircraft Equipment) Act. MNP took possession the next day of a fleet of 19 helicopters and a parts inventory, and engaged Heli Connections Aviation Inc. to assist with the sale. Its June 5, 2020 Form 87 records Canadian Western Bank secured at $17,411,347.07 and BMO Financial Group at $6,058,355.90, with Export Development Canada and Ford Credit Canada also holding security, and Schedule A unsecured claims totalling $2,254,759.89. Realizable value of the fleet and inventory is stated as to be determined. The matter is before the Supreme Court of Newfoundland and Labrador, General Division, file 2020 01 4793, and remains active.

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Case updates33 dated entries
#Sale

The court granted an approval and vesting order for the sale to Custom Helicopters Ltd. Closing terms, as extracted: Vesting occurs upon receipt of cash purchase price and delivery of Receiver's Certificate. Sealed: Affidavit #7, Supplemental Affidavit #7, and Affidavit #8 of J. Eric Findlay.

Source: Sale Approval & Vesting Order - Custom Helicopters Ltd

#Sale

The court granted an approval and vesting order for the sale to Niche Aviation Inc. Closing terms, as extracted: Vesting occurs upon receipt of cash purchase price and delivery of Receiver's Certificate. Sealed: Affidavit #7, Supplemental Affidavit #7, and Affidavit #8 of J. Eric Findlay.

Source: Sale Approval & Vesting Order - Niche Aviation Inc

#Sale

The court granted an approval and vesting order for the sale to Gogal Air Services Ltd. Closing terms, as extracted: Vesting occurs upon receipt in full of the cash purchase price and delivery of the Receiver's Certificate. Sealed: Affidavit #5 of J. Eric Findlay.

Source: Sale Approval & Vesting Order - Gogal Air Services Ltd.

#Sale

The court granted an approval and vesting order for the sale to certain assets, undertakings, and property of Universal Helicopters Newfoundland and Labrador LP ("UHNL LP"), 70703 Newfoundland and Labrador Inc. ("70703 NL"), 81924 Newfoundland and Labrador. Closing terms, as extracted: Vesting occurs upon Receiver's receipt in full of the cash purchase price and delivery of the Receiver's Certificate. Sealed: Affidavit #5 of J. Eric Findlay.

Source: Sale Approval & Vesting Order - Wiskair Helicopters Ltd.

#Sale

The court granted an approval and vesting order for the sale to Heli Holdings Limited. Closing terms, as extracted: Vesting occurs upon receipt of full cash purchase price and delivery of the Receiver's Certificate. Sealed: Affidavit #3 of J. Eric Findlay, sworn October 15, 2020.

Source: Sale Approval Vesting & Order - Heli Holdings Limited

#Order

MNP Ltd. was appointed receiver on Canadian Western Bank's appointment over the Universal Helicopters Group's 19 helicopters and parts inventory; possession followed on May 28, 2020.

Source: Letter of Appointment

Parties

Debtor

Universal Helicopters Universal Helicopters

Receiver

MNP

Capital structureAs asserted in the filings
stated amounts, drawn to scale · for subscribers
#Priority classCreditorAmountSource
4SecuredCanadian Western Bank · in 83 casesSecurity under the BC and NL PPSAs and the Cape Town Statute over the fleet of 19 helicopters and parts inventory; CWB is the appointing lender. — debtor: Universal Helicopters Group — Universal Helicopters Newfoundland and Labrador LP, 70703 Newfoundland and Labrador Inc., Universal Helicopter Holdings LP, 81924 Newfoundland and Labrador Inc.$17.4MNotice of Statement of Receiver
4Secured
4Secured
4Secured
8Unsecured
8Unsecured
8Unsecured
8Unsecured
8Unsecured
8Unsecured

134 more claims in 2 classes The stack holds Secured and Unsecured claims.

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This proceeding was commenced by a secured creditor. The record does not include the debtor’s own statement of assets and liabilities — that ceiling is the record’s, not this page’s.

Sale processPer the transactions

11 transactions · 11 approvedSale Approval & Vesting Order - Westcan Aircraft Sales & Salvage Ltd (3) · 16 Feb 2021

PurchaserPriceStatusSource
Heli Holdings Limitedthe assets described · asset sale · agreement 8 Sep 2020SubscribersApproved3 Oct 2020Sale Approval Vesting & Order - Heli Holdings…
Magrioleah Helicopters Inc.the assets des , s e sate (collectively, the "Purchased Assets") · asset sale · agreement 1 Oct 2020SubscribersApproved3 Oct 2020Sale Approval & Vesting Order - Magnoleah…
Link Technical Services Inc.the assets described in the Purchase Agreement and set out in Appendix "A" to Receiver's Certificate (collectively, the "Purchased Assets") · asset salenot statedApproved30 Oct 2020Sale Approval & Vesting Order - Rotor Link…
Pasadena Helicopters Limitedthe assets described in the Purchase Agreement and set out in Appendix "A" to Receiver's Certificate (collectively, the "Purchased Assets") · asset salenot statedApproved30 Oct 2020Sale Approval & Vesting Order - Pasedena…
Westcan Aircraft Sales & Salvage Ltd.the assets described in the Purchase Agreement and set out in Appendix "A" to Receiver's Certificate (collectively, the "Purchased Assets") · asset sale · agreement 24 Sep 2020SubscribersApproved30 Oct 2020Sale Approval & Vesting Order Westcan Aircraft…
unnamedcertain assets, undertakings, and property of Universal Helicopters Newfoundland and Labrador LP, 70703 Newfoundland and Labrador Inc., 81924 Newfoundland and Labrador Inc., and Universal Helicopters Holdings LP · asset sale · agreement 28 Jan 2021SubscribersApproved8 Dec 2020Sale Approval & Vesting Order - Wiskair…
Gogal Air Services Ltd.the assets described in the Purchase Agreement and set out in Appendix "A" to Receiver's Certificate (collectively, the "Purchased Assets") · asset sale · agreement 30 Oct 2020SubscribersApproved18 Dec 2020Sale Approval & Vesting Order - Gogal Air…
Hanley Heli Services Inc.the assets described in the Purchase Agreement and set out in Appendix "A" to Receiver's Certificate (collectively, the "Purchased Assets") · asset sale · agreement 12 Oct 2020SubscribersApproved21 Dec 2020Sale Approval & Vesting Order - Hanley Heli…
Custom Helicopters Ltd.the assets desrce , d n s e r s scae (collectively, the "Purchased Assets") · asset sale · agreement 26 Nov 2020SubscribersApproved16 Feb 2021Sale Approval & Vesting Order - Custom…
Guardian Assets Inc.the assets desre s e r t saete (collectively, the "Purchased Assets") · asset sale · agreement 1 Dec 2020SubscribersApproved16 Feb 2021Sale Approval & Vesting Order - Guardian Assets…
Niche Aviation Inc.the assets, undertakings, and property of Universal Helicopters Newfoundland and Labrador LP, 70703 Newfoundland and Labrador Inc., Universal Helicopters Holdings LP, and 81924 Newfoundland and Labrador Inc. · asset sale · agreement 20 Dec 2020SubscribersApproved16 Feb 2021Sale Approval & Vesting Order - Niche Aviation…
Closing termsVesting occurs upon receipt of cash purchase price and delivery of Receiver's CertificateSale Approval & Vesting Order - Niche Aviation Inc
Sealed materialsAffidavit #3 of J. Eric Findlay; Affidavit #3 of J. Eric Findlay, sworn October 15, 2020; Affidavit #5 of J. Eric Findlay; Affidavit #7 of J. Eric Findlay; Affidavit #7, Supplemental Affidavit #7, and Affidavit #8 of J. Eric FindlaySale Approval & Vesting Order - Magnoleah Helicopters Inc
Documents
33 filings
DateDocumentFile
Sale Approval & Vesting Order - Custom Helicopters Ltd
  • Closing terms Vesting occurs upon receipt of cash purchase price and delivery of Receiver's Certificate
  • Order date 16 February 2021
  • Presiding officer Justice Stack
  • Purchaser Custom Helicopters Ltd. · the assets desrce , d n s e r s scae (collectively, the "Purchased Assets") · asset sale · approved
  • + 2 more extracted facts
PDF · Subscribers
Sale Approval & Vesting Order - Guardian Assets Inc
  • Closing terms vesting upon delivery of Receiver's Certificate confirming payment of purchase price and completion of transaction
  • Presiding officer Justice Stack
  • Purchaser Guardian Assets Inc. · the assets desre s e r t saete (collectively, the "Purchased Assets") · asset sale · approved
  • Sealed items Affidavit #7 of J. Eric Findlay
  • + 1 more extracted fact
PDF · Subscribers
Sale Approval & Vesting Order - Niche Aviation Inc
  • Closing terms Vesting occurs upon receipt of cash purchase price and delivery of Receiver's Certificate
  • Order date 16 February 2021
  • Presiding officer Justice Stack
  • Purchaser Niche Aviation Inc. · the assets, undertakings, and property of Universal Helicopters Newfoundland and Labrador LP, 70703 Newfoundland and Labrador Inc., Universal Helicopters Holdings LP, and 81924 Newfoundland and Labrador Inc. · asset sale · approved
  • + 2 more extracted facts
PDF · Subscribers
Sale Approval & Vesting Order - Westcan Aircraft Sales & Salvage Ltd (2)
  • Presiding officer Justice Stack
  • Stalking horse Subscribers
PDF · Subscribers
Sale Approval & Vesting Order - Westcan Aircraft Sales & Salvage Ltd (3)
  • Closing terms Vesting occurs upon receipt of the cash purchase price and delivery of the Receiver's Certificate confirming completion
  • Presiding officer Justice Stack
  • Purchaser purchaser named only in unreadable/OCR-corrupted text; name not legible · certain assets, undertakings, and property of Universal Helicopters Newfoundland and Labrador LP, 70703 Newfoundland and Labrador Inc., 81924 Newfoundland and Labrador Inc., and Universal Helicopters Holdings LP · asset sale · approved
  • Sealed items Affidavit #7, Supplemental Affidavit #7, and Affidavit #8 of J. Eric Findlay
  • + 1 more extracted fact
PDF · Subscribers
Supplemental Affidavit #7PDF · Subscribers
Affidavit #8PDF · Subscribers
Amended Notice of Motion (Executed)PDF · Subscribers
Memorandum of Fact and Law (February 2021)PDF · Subscribers
Supplemental Affidavit #6PDF · Subscribers
Affidavit #6PDF · Subscribers
Affidavit #7PDF · Subscribers
Notice of Motion (January 2021) - IssuedPDF · Subscribers
Sale Approval & Vesting Order - Gogal Air Services Ltd.
  • Closing terms Vesting occurs upon receipt in full of the cash purchase price and delivery of the Receiver's Certificate
  • Order date 18 December 2020
  • Presiding officer Justice Stack
  • Purchaser Gogal Air Services Ltd. · the assets described in the Purchase Agreement and set out in Appendix "A" to Receiver's Certificate (collectively, the "Purchased Assets") · asset sale · approved
  • + 2 more extracted facts
PDF · Subscribers
Sale Approval & Vesting Order - Hanley Heli Services Inc.
  • Closing terms Vesting occurs upon receipt of the cash purchase price and delivery of the Receiver's Certificate
  • Presiding officer Justice Stack
  • Purchaser Hanley Heli Services Inc. · the assets described in the Purchase Agreement and set out in Appendix "A" to Receiver's Certificate (collectively, the "Purchased Assets") · asset sale · approved
  • Sealed items Affidavit #5 of J. Eric Findlay
  • + 1 more extracted fact
PDF · Subscribers
Sale Approval & Vesting Order - Wiskair Helicopters Ltd.
  • Closing terms Vesting occurs upon Receiver's receipt in full of the cash purchase price and delivery of the Receiver's Certificate
  • Order date 8 December 2020
  • Presiding officer Justice Stack
  • Purchaser Purchaser named only in the Purchase Agreement/Receiver's Certificate, not stated by name in the order text · certain assets, undertakings, and property of Universal Helicopters Newfoundland and Labrador LP ("UHNL LP"), 70703 Newfoundland and Labrador Inc. ("70703 NL"), 81924 Newfoundland and Labrador · asset sale · approved
  • + 2 more extracted facts
PDF · Subscribers
Affidavit #4PDF · Subscribers
Affidavit #5PDF · Subscribers
Memorandum of Fact and LawPDF · Subscribers
Notice of Motion (issued)PDF · Subscribers
Sale Approval & Vesting Order - Magnoleah Helicopters Inc
  • Closing terms Vesting occurs upon receipt of full cash purchase price and delivery of Receiver's Certificate
  • Order date 3 October 2020
  • Presiding officer Justice Stack
  • Purchaser Magrioleah Helicopters Inc. · the assets des , s e sate (collectively, the "Purchased Assets") · asset sale · approved
  • + 2 more extracted facts
PDF · Subscribers
Sale Approval & Vesting Order - Pasedena Helicopters Limited
  • Closing terms Vesting occurs upon receipt of the cash purchase price and delivery of the Receiver's Certificate
  • Presiding officer Justice Stack
  • Purchaser Pasadena Helicopters Limited · the assets described in the Purchase Agreement and set out in Appendix "A" to Receiver's Certificate (collectively, the "Purchased Assets") · asset sale · approved
  • Sealed items Affidavit #3 of J. Eric Findlay
  • + 1 more extracted fact
PDF · Subscribers
Sale Approval & Vesting Order - Rotor Link Technical Services Inc
  • Closing terms Vesting occurs upon receipt in full of the cash purchase price and delivery of the Receiver's Certificate
  • Presiding officer Justice Stack
  • Purchaser Link Technical Services Inc. · the assets described in the Purchase Agreement and set out in Appendix "A" to Receiver's Certificate (collectively, the "Purchased Assets") · asset sale · approved
  • Sealed items Affidavit #3 of J. Eric Findlay, sworn October 15, 2020
  • + 1 more extracted fact
PDF · Subscribers
Sale Approval & Vesting Order Westcan Aircraft Sales & Salvage Ltd.
  • Closing terms Vesting occurs upon receipt of the cash purchase price and delivery of the Receiver's Certificate.
  • Presiding officer Justice Stack
  • Purchaser Westcan Aircraft Sales & Salvage Ltd. · the assets described in the Purchase Agreement and set out in Appendix "A" to Receiver's Certificate (collectively, the "Purchased Assets") · asset sale · approved
  • Sealed items Affidavit #3 of J. Eric Findlay, sworn October 15, 2020
  • + 1 more extracted fact
PDF · Subscribers
Sale Approval Vesting & Order - Heli Holdings Limited
  • Closing terms Vesting occurs upon receipt of full cash purchase price and delivery of the Receiver's Certificate
  • Order date 3 October 2020
  • Presiding officer Justice Stack
  • Purchaser Heli Holdings Limited · the assets described · asset sale · approved
  • + 2 more extracted facts
PDF · Subscribers
Affidavit 1 Part 1PDF · Subscribers
Affidavit 1 Part 2PDF · Subscribers
Affidavit 1 Part 3PDF · Subscribers
Affidavit 1 Part 4PDF · Subscribers
Notice of Motion
  • Applicant MNP LTD., IN ITS CAPACITY AS RECEIVER OF UNIVERSAL HELICOPTERS NEWFOUNDLAND AND LABRADOR LP, 70703 NEWFOUNDLAND AND LABRADOR INC., UNIVERSAL HELICOPTERS HOLDINGS LP, AND 81924 NEWFOUNDLAND AND LABRADOR INC.
  • Appointee MNP Ltd.
  • Appointee role Receiver
  • Commencement date 5 October 2020
  • + 3 more extracted facts
PDF · Subscribers
Notice of Statement of Receiver
  • Financial position · Secured creditors · Unsecured creditors Subscribers
PDF · Subscribers
Certificate of Filing of ReceivershipPDF · Subscribers
Letter of Appointment
  • Applicant Canadian Western Bank
  • Appointee MNP Ltd.
  • Appointee role receiver
  • Commencement date 27 May 2020
PDF · Subscribers

Filing titles and dates are public, and so is each filing's own page. The figures read from them are for subscribers.

CiteProceedings., “Universal Helicopters Universal Helicopters” (Receivership (court-appointed)), Supreme Court of Newfoundland and Labrador. Retrieved 5 November 2026, https://proceedings.ca/case/universal-helicopters

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Sources last checked · summary updated 19 August 2026 · Report a correction · Printed from proceedings.ca/case/universal-helicopters

Facts and summaries are extracted automatically from the court filings linked on each page; the filings remain the authoritative record. Suggested corrections are reviewed against the source filings.