Business

February 26, 2014

Milestone Aviation Group to purchase eight additional S-92® helicopters from Sikorsky

Milestone Aviation Group, the global leader in helicopter leasing, and Sikorsky Aircraft Corporation announced Feb. 25 that Milestone has increased its S-92 order book by eight units.

Sikorsky is a subsidiary of United Technologies Corp.

Milestone is already one of the world’s largest S-92 owners and with today’s announcement, it has increased its firm and option S-92 orders to 37 aircraft valued at more than US$ 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.

Since entering service in September 2004, the S-92 has become one of the world’s leading helicopters. Worldwide, more than 200 of the aircraft have logged more than 600,000 flight hours to date. Offshore oil operators fly the aircraft for an average of 90–110 hours per month in often challenging conditions. In addition to serving the offshore oil segment, the S-92 helicopter performs Head of State missions, search and rescue operations as well as a variety of transportation missions for utility and airline passengers.

The aircraft incorporates numerous safety features, including a flaw-tolerant design. It was certified to harmonized Federal Aviation Administration, European Aviation Safety Agency and Transport Canada Part 29 requirements, as amended through Amendment 29-47, and remains the only aircraft in its class that is certified to this rigorous airworthiness standard without exception or waiver.




All of this week's top headlines to your email every Friday.


 
 

 

Headlines July 31, 2015

News: Carter: Military leaders could arm more troops at home – Following the recent fatal shooting of four Marines and a sailor in Tennessee, Defense Secretary Ash Carter is ordering the military services to consider new policies that would enhance security for troops at home, including potentially arming more personnel.   Business: DOD weighs supplier base,...
 
 

News Briefs July 31, 2015

U.S. delivering eight newer F-16 warplanes to Egypt The United States Embassy in Cairo says the U.S. is delivering eight newer F-16 warplanes to Egypt as part of an ongoing military support package. It says in a July 30 statement that the aircraft, of the current Block 52 production variant, will be flown in from...
 
 
Lockheed Martin photograph

Lockheed Martin successfully tests design changes for Orion spacecraft’s fairing separation system

Lockheed Martin photograph A protective panel for Orion’s service module is jettisoned during testing at Lockheed Martin’s Sunnyvale, California facility. This test series evaluated design changes to the spacecraft’s fair...
 

 

Australian company to provide parts for initial production of Triton UAS

Northrop Grumman has awarded the first Australian supplier contract for the U.S. Navy’s MQ-4C Triton unmanned aircraft system initial production lot to Ferra Engineering. Brisbane-based Ferra Engineering will manufacture mechanical sub-assemblies for the first four Triton air vehicles including structural components. “At Northrop Grumman it’s very important to not only develop...
 
 
Boeing photograph

CH-46 ‘Phrog’ makes its last hop

Boeing photograph The CH-46 Sea Knight helicopter commonly known as the “Phrog,” is set to retire and to be flown one last time by Reserve Marine Medium Helicopter Squadron (HMM) 774 on Aug. 1. The CH-46 Sea Knight is a med...
 
 

Insitu awarded LRIP Lot IV RQ-21A Blackjack Systems contract

Under the terms of its latest contract, Insitu will build six RQ-21A Blackjack systems for the U.S. Navy and Marine Corps. The $78-million Small Tactical Unmanned Aircraft Systems Lot IV Low Rate Initial Production contract is the latest event in the program’s progression toward the Initial Operational Test and Evaluation phase.   “This award will...
 




0 Comments


Be the first to comment!


Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>