Sikorsky Announces Sale of 30 Helicopters to Milestone Aviation Group
LAS VEGAS, March 5, 2013
LAS VEGAS, March 5, 2013 /PRNewswire/ --Sikorsky Aircraft Corp. today
announced that they have entered into agreements to sell 23 S-92^® helicopters
and seven S-76D™ helicopters to Milestone Aviation Group, a global finance
company that leases helicopters to high-quality helicopter operators. The
agreements also include options to buy up to an additional 14 S-92 and 10
S-76D helicopters. Sikorsky, a subsidiary of United Technologies Corp. (NYSE:
UTX), announced the sale at the 2013 Heli-Expo Industry Show.
Sikorsky expects to begin delivering the S-92 and S-76D helicopters beginning
in 2013 and continuing through 2017.
"The global appetite for oil continues to drive significant growth in demand
for offshore oil helicopters and operators, and no one has fueled the offshore
oil helicopter market sector with more financial capital in the last two years
than Milestone," said Robert Kokorda, Sikorsky's Vice President of Sales &
Founded in 2010, Milestone has more than 79 helicopters leased, to date,
valued at more than one billion dollars and including contracts with the four
largest global helicopter operators, as well as small and mid-sized
high-quality operatorsglobally. Milestone has secured close-in delivery
positions for the most highly desirable helicopter assets, providing its
customers with the opportunity to bid on tenders immediately without the
traditional constraints of Original Equipment Manufacturerproduction backlog.
Milestone's business model is based on building long-term business
relationships with Sikorsky and partnerships with its worldwide customer base.
"The S-92 and S-76D are both great helicopters and workhorses of the offshore
oil and gas industry," said Richard Santulli, Milestone's Chairman. "We
believe there will be tremendous demand for these machines from operators all
over the world. We are thrilled to work with Sikorsky to deliver their product
Sikorsky Global Helicopters, a Sikorsky company, develops and produces civil
certified helicopters and their derivatives. Its portfolio includes the S-76^®
and S-92^® helicopters as well as the S-300C™ light helicopters. Also part of
Sikorsky Global helicopters is Associated Aircraft Group (AAG), a provider of
charter and fractional ownership services.
Sikorsky Aircraft Corp., based in Stratford, Conn., is a world leader in
helicopter design, manufacture, and service. United Technologies Corp., based
in Hartford, Conn., provides a broad range of high technology products and
support services to the aerospace and building systems industries.
SOURCE Sikorsky Aircraft Corp.
Contact: Marianne V. Heffernan, +1-203-386-4373, firstname.lastname@example.org ; or
Paul Jackson, +1-203-386-7143, Paul.Jackson@sikorsky.com
Press spacebar to pause and continue. Press esc to stop.