ORLANDO, Fla., March 6, 2011 – Sikorsky Aircraft Corp. and Milestone Aviation Group Limited jointly announced for the first time today the scheduled deliveries of five Sikorsky S-76C++™ helicopters to Milestone in the second half of 2011 under a firm order contract signed last December. Milestone, the first global finance company focused exclusively on the helicopter and private jet markets, will offer these aircraft for lease to high-quality operators around the world. Sikorsky is a subsidiary of United Technologies Corp. (NYSE:UTX).
“By leasing out and providing 100 percent financing that ultimately allows end users to operate our aircraft, Milestone Aviation Group has quickly become an important customer for Sikorsky. We enjoy a growing relationship mutually beneficial not only to each other but also to the end users of our aircraft. We look forward to continuing and strengthening this relationship,” said Carey Bond, president of Sikorsky Global Helicopters.
“The S-76C++ is a great helicopter and a workhorse of the offshore oil and gas industry,” said Richard Santulli, chairman of Milestone. “We believe there will be tremendous demand for these machines from operators all over the world. We are thrilled to work with Sikorsky to deliver their product to market.”
The S-76C++ helicopter is the current production model in the S-76® aircraft line. It serves a multi-mission role that includes offshore oil, VIP transport including head of state, emergency medical transport, search and rescue and civil defense. The next variant in the S-76 aircraft line, the S-76D™ helicopter, has entered production, with first customer deliveries scheduled for 2012.
Sikorsky Global Helicopters, a Sikorsky company, develops and produces civil certified helicopters and their derivatives. Its portfolio includes the S-76®, S-92® and H-92™ helicopters as well as the S-300C™, S-300 CBi™, S-333™ and S-434™ light helicopters. Also part of Sikorsky Global helicopters is Associated Aircraft Group (AAG), a provider of charter and fractional ownership services.
Sikorsky Aircraft Corp., based in Stratford, Conn., is a world leader in helicopter design, manufacture, and service. United Technologies Corp., based in Hartford, Conn., provides a broad range of high-technology products and support services to the aerospace and building systems.
Milestone Aviation Group is the first global aircraft leasing company exclusively focused on helicopters and private jets. Headquartered in Dublin, Ireland, and with operations in Colts Neck, New Jersey and Columbus, Ohio, Milestone’s global aircraft leasing platform addresses the needs of a transforming marketplace. Further information is available at www.milestoneaviation.com.
Marianne V. Heffernan
Milestone Aviation Group LLC
Office: +1 (614) 233-2302
Kekst & Company
Eric Berman/Paige Gruman
+1 (212) 521-4894 or
+1 (212) 521-4876