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
From 2023 (YouTube Version): Legacy of a Titan Robert (Bob) Anderson Hoover was a fighter pilot, test pilot, flight instructor, and air show superstar. More so, Bob Hoover was an i>[...]
Get The Latest in Aviation News NOW on Instagram Are you on Instagram yet? It's been around for a few years, quietly picking up traction mostly thanks to everybody's new obsession >[...]
Aero Linx: B-52H Stratofortress The B-52H Stratofortress is a long-range, heavy bomber that can perform a variety of missions. The bomber is capable of flying at high subsonic spee>[...]
Altimeter Setting The barometric pressure reading used to adjust a pressure altimeter for variations in existing atmospheric pressure or to the standard altimeter setting (29.92).>[...]
"Knowing that we play an active part in bettering people's lives is extremely rewarding. My team and I are very thankful for the opportunity to be here and to help in any way we ca>[...]