Helicopter Transport Services Inc
Article Abstract:
Helicopter Transport Services Inc, based in Middle River, Baltimore, MD, has filed a breach-of-contract lawsuit against the Baltimore Police Dept. The company is claiming $600,000 in back payments under a helicopter lease contract signed in Jul 1996. The suit alleges that the Police Dept guaranteed payment when they agreed to lease three Schweizer 269C aircraft for support operations. However, the Department has breached the contract since the Police Commissioner grounded the helicopters after a fatal accident in 1998.
Publication Name: Helicopter International
Subject: Business, international
ISSN: 0143-1005
Year: 2000
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EC120 for Baltimore PD
Article Abstract:
The Eurocopter EC120 is reported to have been selected by the Baltimore Police Dept to re-equip its helicopter unit, which has been grounded since Nov 1998 because of a fatal crash. According to industry sources, up to five EC120s could be bought, equipped with a full range of sensor and surveillance gear, and operated and maintained in-house. Previously, the Department had sold and leased back Schweizer 300C helicopters but terminated the contract after the 1998 accident.
Publication Name: Helicopter International
Subject: Business, international
ISSN: 0143-1005
Year: 2001
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The helicopter leasing arm of China International Trust and Investment Corporation
Article Abstract:
CITIC Offshore Helicopter Co, the helicopter leasing unit of China International Trust and Investment Corp, has sold shares worth $74 million to sinvestors to raise cash for the purchase of six new helicopters. At Y10.20 per share with a closing date of Jul 10, 2000, 60 million Class A shares were offered on the Shenzhen exchange. Last year, CITIC Offshore posted a profit of Y45.8 million on sales of Y267.6 million.
Publication Name: Helicopter International
Subject: Business, international
ISSN: 0143-1005
Year: 2000
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