Monday, September 29, 2008
New Twin Otter Set to Fly
Viking is owned by Westerkirk Capital which now holds exclusive rights to the Twin Otter and other de Havilland aircraft. Today, the worldwide fleet includes 600 of the original 800 sold by de Havilland, mostly some of the most hostile aviation environments for which the aircraft is known.
Viking projects production of seven planes next year and the company is sold out until 2012 with launch customer Zimex Aviation taking the first aircraft, destined for oil field work in Angola, next April. Other customers include Air Maldivian Airways with five on order to add to its 18-aircraft Twin Otter fleet. United Arab Emirates has one on order for its air force.
Viking is anticipating gross sales of $30 million this year from its work repairing and overhauling de Havilland aircraft. Gross sales will double to $60 million next year, according to the company with $100 million in 2010.