-T / T / +T | Comment(s)

Thursday, December 10, 2015

Oil Prices Afflict Canadian EMS Helo Selloff

One of Canada's largest air ambulance operators is scrapping plans to sell its 10 AgustaWestland AW139s, citing a weakened used-helicopter market resulting from the slump in oil prices, according to published reports. ORNGE, a nonprofit entity managing Ontario’s air ambulance services over nearly 340,00 million square miles, in February said it was looking at replacing those medium twins as part of its three-year strategic plan. But reports published in Canada say the operator cancelled plans sell off its AW139s, citing the worldwide drop in oil prices and subsequent weakened demand for medium twins in general (for which offshore support is a key market). 

 

 

Live chat by BoldChat