Thu, Feb 27, 2014
Company's S-92 Order Book Now At 37 Units Valued At More Than $1.2 Billion
Milestone Aviation Group and Sikorsky Aircraft Corporation announced at Helicopter Association International’s Heli-Expo that Milestone has increased its S-92 order book by eight units, increasing its firm and option S-92 orders to 37 aircraft valued at more than $1.2 billion. The forward orders are scheduled to deliver over the next five years with 15 scheduled for completed delivery in 2014 and 2015; more than half of which are already on lease or under letter of intent.
“The S-92 is a great helicopter and vital component of the offshore oil-and-gas, and the search-and-rescue markets,” said Milestone’s Chairman and CEO Richard Santulli. “We are pleased to expand our partnership with Sikorsky with these eight additional units. This will allow us to serve helicopter operators around the world with near-term delivery positions of this highly sought-after aircraft.”
“Milestone has quickly become one of our largest and fastest-growing customers,” said Carey Bond, president, Sikorsky’s Commercial Systems & Services. “This innovative company has provided a valuable service to the helicopter community in the form of 100% financing and near-term delivery positions of the world’s most in-demand, heavy-twin helicopter, the S-92. We are excited to grow our partnership with this order for eight more.”
Milestone already has 73 Sikorsky aircraft in its fleet today, including 45 S-92’s and 28 S-76 family aircraft including four of the brand new S-76D aircraft. These aircraft are on lease to operators in Asia, Australia, Europe, North America and South America serving the offshore oil and gas, search and rescue and emergency medical service industries. The new aircraft will enter into service globally in support of Milestone’s lessees serving offshore oil and gas transportation services, helicopter-based emergency medical service (HEMS), search and rescue (SAR), para-public and other utility missions.
(S-92 image from file)
More News
Chaff Thin, narrow metallic reflectors of various lengths and frequency responses, used to reflect radar energy. These reflectors, when dropped from aircraft and allowed to drift d>[...]
“Today, XB-1 took flight in the same hallowed airspace where the Bell X-1 first broke the sound barrier in 1947. I’ve been looking forward to this flight since founding>[...]
“Teaming up with the EAA and Berlin Express for this event in Cincinnati will give warbird fans a unique opportunity to see the aircraft that helped defend freedom and gave t>[...]
Hazardous Weather Information Summary of significant meteorological information (SIGMET/WS), convective significant meteorological information (convective SIGMET/WST), urgent pilot>[...]
Aero Linx: The Nebraska Aeronautics Commission The Nebraska Aeronautics Commission was created by the 1935 Legislature to oversee the development of aviation in the state. The Comm>[...]