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Wednesday, February 26, 2014

Milestone Adds to Sikorsky Order with Eight More S-92s

Sources: Sikorsky Aircraft and Milestone Aviation Group

Milestone Aviation Group has increased its S-92 order book with Sikorsky Aircraft by eight units. Milestone is already one of the world’s largest S-92 owners, and has increased 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 “vital component of the offshore oil-and-gas, and the search-and-rescue markets,” said Milestone’s Chairman and CEO Richard Santulli. “This will allow us to serve helicopter operators around the world with near-term delivery positions of this highly sought-after aircraft.”

Milestone already has 73 Sikorsky aircraft in its fleet today, including 45 S-92s and 28 S-76 family aircraft, including four S-76Ds. 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.

Related: Financing News

 

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