|
West Chester, PA,
December 31, 2002 —
Keystone
Helicopter
, an industry leader in helicopter services for 50 years, completed its
planned Phase One facilities acquisition on December 31, 2002, for its
future rotorcraft services Heliplex in Chester County, Pennsylvania.
The initial 15 acres, bordering
Chester County Airport in Coatesville, Pennsylvania, includes a
52,000-square-foot industrial building which will be retrofitted for
Keystone Helicopter’s shop operations. The company is negotiating to
obtain additional acreage, with plans for substantial hangar facilities to
be built adjacent to the large shop building.
Steve Townes, CEO, said,
“Keystone Helicopter is on the move. We are growing aggressively. The new
Heliplex is an integral part of our growth strategy. We thank the state of
Pennsylvania for its help in allowing us to relocate so many good jobs to
such a great community.”
Keystone Helicopter is one of the largest and
oldest helicopter services companies in the
United States
. Founded in 1953, Keystone operates a large fleet of turbine helicopters in
multiple locations across several eastern states, primarily in the air
medical mission. The firm also operates a large technical services depot and
completion center near
Philadelphia
. Keystone Helicopter is owned by Keystone Ranger Holdings, Inc., a
Philadelphia-area private equity investment organization that specializes in
aviation-related ventures. Additional information is available on the Web
at: www.keystonehelicopter.com
and at www.rangeraerospace.com.
Forward Looking Statements:
The Company from time to time may discuss forward-looking information.
Except for factual historical information, all forward looking statements
are estimates by the Company’s management and are subject to various risks
and uncertainties that are beyond the Company’s control and may cause
actual results to differ materially from management’s expectations.
|
