MISSISSAUGA, ON, May 1, 2013 /CNW/ - Ornge, Ontario's provider of air
ambulance and related services, announced today two surplus AW139
helicopters have been sold. The selling price was $20 million USD for
two aircraft, or $10 million per helicopter.
"With the sale of these helicopters, Ornge has taken another important
step in addressing legacy issues inherited from previous leadership,"
said Dr. Andrew McCallum, President and CEO of Ornge. "Our objective
has been to recoup as much of the original investment as possible.
With this sale, we will no longer incur ongoing storage, maintenance
and depreciation costs. We are confident that this is a deal which
makes sense and minimizes impact on the taxpayer."
Ornge has completed the sale of both aircraft and transferred title to
Wilmington Trust of Delaware. The proceeds will be used to pay down
In 2008, the previous management at Ornge purchased 10 AW139
helicopters, and later exercised an option in the contract to purchase
two additional helicopters at a price of approximately $11 million USD
per aircraft. Ornge has been actively seeking a buyer for the two
aircraft since new leadership was established in January 2012.
Ornge has made a number of improvements over the past year, including
the appointment of Dr. Andrew McCallum as the new President and CEO,
and aviation executive Rob Giguere as Chief Operating Officer. Ornge
has also improved the patient relations process, hired a patient
advocate, and introduced new conflict of interest and whistleblower
Ornge, a not-for-profit .organization, coordinates all aspects of
Ontario's air ambulance system, the critical care land transport
program, paediatric transport program and the authorization of air and
land ambulance transfers between hospitals.
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