What is 9333?
933389 NWT LTD, now 9333 Helicopter Leasing Ltd (or 9-triple-three, for short) is a registered company that was founded in 1993 with the premise of employees of Great Slave Helicopters (GSH) owning some of the assets that the company flies and allowing employees to have a return on their investment.
A detailed history is outlined on our History page.
How does it work?
The company’s assets are valued in such a way that the value is broken down into shares using a liquidation model. These privately traded shares are available for purchase year round at a share price determined by an annual share valuation process.
What assets does 9333 own?
9333 currently owns and operates 3 aircraft. They are:
- C-FYZF AS350 B3
- C-FZQW AS350 B3
- C-GYFS AS350 B2
How do I become involved?
The requirements for buying into the employee owned company are simple. Six months of consecutive service to GSH is all that is required. The share valuations are done once per year, typically around the end March. A memo will go to all employees who’d like to become involved with details on how they can sign up and how many shares employees would like to purchase.
Share offerings are available year-round as supply dictates and the share price would be based on the year end share price that is established at the end of March of every year.
How does the share purchasing process work?
The shares are available for purchase in blocks of 100. Once the initial offering of buy-in has been distributed to employees and the demand for shares has been calculated, the number of shares available is then distributed over demand. If people are selling their shares, those shares are then added to the pool of available for purchase.
Are dividends paid out?
Each year as part of the valuation process dividends are weighed against the current liabilities and upcoming expenses. If it’s deemed appropriate by the directors, dividends will be paid out once per year.
What happens if I leave GSH?
In the event that you no longer work with the GSH, the current User Share Agreement (USA) has several options on how to disperse your shares which depend on the nature of the exit.
Can we see the financial statements for the company?
Of course! Please use the contact form on the Contact page and one the directors will forward you the financial package. We urge you to review all documents carefully and if you have any further questions, please don’t hesitate to contact us.