Sloane Helicopters Signs Contract For 13 AgustaWestland Helicopters

(February 25, 2008) -- AgustaWestland is pleased to announce that Sloane Helicopters Ltd has signed a contract for thirteen additional helicopters comprising one AW119 Ke single engine, three AW109 Power and seven Grand light twin and two AW139 medium twin turbine engine models. The contract is valued at approximately US$ 87 million (EUR 60 million). This latest order is part of the framework of the multi-year contract and distribution agreement signed in February 2006 which agreed the acquisition of a minimum of 44 helicopters to be delivered through to the end of 2010. This order and the ones signed in February 2006 and in March 2007 bring the total number of firm orders to 25.

Renzo Lunardi, Senior Vice President Commercial Business Unit, AgustaWestland, said "We have been successfully represented by Sloane Helicopters Ltd for twelve years now and this latest order is clear evidence of our increasing competitiveness and market position in the UK as well as in the Irish commercial helicopter market. This order will benefit Sloane's customers through dramatically reduced delivery times which will help AgustaWestland to continue to dominate the VIP and corporate transport market in the UK and Ireland where we already have over 70% of the market."

Source : AgustaWestland

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