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New Norther Operator

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Guest Bullet Remington
ohhh yes I forgot yourself and the rest of canada's helicopter operators are debt free.


I love a little healthy competition, it makes us all better in the long run


Thanks 3 per. And yes, yes I am! Thanks for noticing that!!

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Here is a cut and paste from DA's Financial report. Keep in mind all the below numbers are in he millions not hundreds of thousands a few zero's missing. I believe the GNWT loan for 30 some million plus interest isn't due for another 3 or 4 years



Financial position and liquidity 2009 2008

Total assets $ 260,026 $ 376,899

Total long-term debt $ 145,726 $ 134,069

Cash provided by operations $ 24,196 $ 16,488


Anyone else find it strange that the asset value went down in 2009 but the debt went up ??

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