in Defence / General Aviation

Paris: Helicopter giant up for sale

Posted 17 June 2015 · Add Comment

Sikorsky – one of the biggest names in the rotor wing market – is looking for a new owner.


After months of speculation, UTC has formally announced its intention to separate from Sikorsky and exit the helicopter business.
Speaking at the Paris Air Show, UTC president and chief executive Gregory Hayes, said the board has decided to remove Sikorsky from its portfolio so both organisations can focus on their core businesses.

The company’s decision comes after a “review of strategic alternatives for Sikorsky”, and a decision on whether to spin off or sell the US military and commercial helicopter manufacturer is expected in the third quarter.
Thanks mainly to its successful H-60 Black Hawk line, Sikorsky has projected annual revenues of about $10 billion by 2025, but Sikorsky president Robert Leduc has warned of “head winds” for the company on the commercial side, with helicopter sales dropping significantly in the oil and gas sector.
Commercial helicopters account for about 30% of the company’s business, and 80% of those commercial sales and the majority of aftermarket services support the “cyclic” oil and gas industry.
 

* required field

Post a comment

Other Stories
Advertisement
Latest News

RwandAir enables Maestro, Discover, Diners and JCB cards for online tickets payments

RwandAir enables Maestro, Discover, Diners and JCB cards for online tickets payments

ADB Safegate lights up runway at Ghana's Tamale Airport

ADB Safegate has installed the runway lights at Ghana's Tamale Airport Upgrades airport using CAT II LED airfield ground lighting to enable night operations.

Honeywell helps aircraft operators comply with upcoming mandates

Honeywell has met the performance standard for transponders required by the European Aviation Safety Agency to make air traffic management safer and more efficient.

Air Peace to add ERJ-145s

Nigeria's Air Peace will add an undisclosed number of ERJ-145s to its current fleet of four B737-300s, five B737-500s, and one Do328-300, reports ch-aviation.

Air Senegal orders two ATR72-600s

Air Senegal has ordered two ATR72-600s from Avions de Transport Régional as it prepares to commence operations later this year, reports ch-aviation.

CemAir signs LOI for two Q400s

CemAir has signed a Letter of Intent (LOI) with Bombardier for two Dash 8-400/Q400s, reports ch-aviation.

Aviation Africa SK18418
See us at
Global Aerospace BT28218GroundHandling BT0303280917Aviation Africa BT18418