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Thu, Feb 28, 2008

Heli-Expo 2008: Sloane Helicopters Signs For 13 AgustaWestland Helicopters

Builds On Deal Signed In February 2006

AgustaWestland announced this week Sloane Helicopters Ltd signed a contract for 13 additional helicopters -- one AW119 Ke single engine, three AW109 Power and seven Grand light twin and two AW139 medium twin turbine engine models -- at the recently-concluded Heli-Expo 2008 in Houston, TX.

The contract is valued at approximately US$ 87 million, and is described as part of the framework of the multi-year contract and distribution agreement signed in February 2006 which agreed the acquisition of a minimum of 44 helicopters to be delivered through to the end of 2010. This order and the ones signed in February 2006 and in March 2007 bring the total number of firm orders to 25.

"We have been successfully represented by Sloane Helicopters Ltd for twelve years now and this latest order is clear evidence of our increasing competitiveness and market position in the UK as well as in the Irish commercial helicopter market," said Renzo Lunardi, Senior Vice President Commercial Business Unit, AgustaWestland. "This order will benefit Sloane's customers through dramatically reduced delivery times which will help AgustaWestland to continue to dominate the VIP and corporate transport market in the UK and Ireland where we already have over 70% of the market."

Sloane Helicopters Ltd has supported AgustaWestland's UK and Ireland sales since 1996. The company also acts as a service center, maintenance facility and type rating transition center for AgustaWestland helicopters in the UK.

The distribution agreement allows Sloane Helicopters to market and sell the entire AgustaWestland civil product line in the UK and Ireland for a wide range of applications including corporate transport, law enforcement and air ambulance operations.

FMI: www.agustawestland.com, www.sloanehelicopters.co.uk

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