REVA announces recapitalisation

REVA, Inc., a US-based fixed-wing air ambulance company, recently increased its reach of operations by completing a recapitalisation effort in collaboration with three partners. REVA’s newest partners include Directional Aviation, a private aviation group, and Goldman Sachs Specialty Lending Group as a lender. In addition, The Beekman Group, a New York private equity firm that initially invested in REVA in 2012, will remain an active investor in the company.

“We are in an excellent position to achieve our near-term vision and develop the future of our industry,” said Stuart Hayman, REVA’s CEO. “We are the largest fixed-wing medical air service based in the Americas, and this recapitalisation will enhance our ability to provide top-tier service to our clients across the globe. We are thrilled to bring on a fantastic new partner in Directional Aviation and financing from GSSLG. I am excited to begin our new partnership with Directional Aviation. Directional embraces people, culture and world-class infrastructure. We are proud to be associated with the Directional Aviation family.”