PHI Group Inc.

07/24/2024 | Press release | Distributed by Public on 07/24/2024 11:36

PHI MRO Services Announces Lease Agreement with New York Helicopter

PHI MRO Services, a leading maintenance, repair and overhaul center, is pleased to announce a new lease agreement for one Bell 407 with tour and charter company New York Helicopter.

As part of this lease agreement, PHI MRO Services outfit the Bell 407 helicopter with floats and air conditioning, as well as a unique paint scheme tailored to meet the operational needs of New York Helicopter. In conjunction with the lease, PHI will provide component support to the operation from its MRO division.

"This lease agreement marks a significant milestone for both PHI MRO Services and New York Helicopter, and we are delighted to supply one of our Bell 407 helicopters to their fleet," said Cory Clark, Director of Business Development for PHI MRO Services.

Michael Roth, owner of New York Helicopter, shared his enthusiasm: "We are very happy to have taken delivery on our new 407. This new helicopter will allow us to expand our capabilities and continue to provide world-class tours and charters to the New York area. The entire team at PHI MRO Services has been amazing to work with from start to finish, from finding the right ship to making sure it was completed on time. We look forward to a long and continued relationship with them and adding to our fleet in the future."

PHI's tenured aircraft mechanics and maintenance technicians expertly maintain a fleet of more than 200 helicopters, including a selection of lease-ready helicopters available for delivery to global operators. With 75 years of industry experience, PHI MRO Services is equipped to handle a wide range of custom modifications and aircraft services to meet the operational and regulatory needs of its customers.

"Adding the 407 was the next step in growth for our company," said Jason Costello, Director of Operations for New York Helicopter. "Working with PHI MRO Services has been phenomenal. They have gone out of their way to make sure the helicopter was configured the way we needed, and the support we have received since delivery has been exceptional. I am very pleased with how the helicopter has performed already and has continued to meet and exceed all our needs."

PHI MRO Services is committed to supporting the growth and operational success of its maintenance and leasing customers. Its state-of-the-art MRO facility offers more than 170,000 square feet for major inspections, complex modifications, custom upgrades, in-house painting, upholstery and more to support helicopter operators worldwide. PHI MRO Services works closely with customers like New York Helicopter to tailor unique helicopter solutions that meet their operational needs.