Sikorsky Aircraft has signed a contract with Milestone Aviation Group to supply eight more S-92 helicopters at the Heli-Expo 2014.
Milestone is one of the largest S-92 owners and with the 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 Americaserving 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 (SAR) operations as well as a variety of transportation missions for utility and airline passengers.
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