Sunday, May 05, 2013
Local Bank Purchases Ontario EMS Choppers
by Lou Angeli
WILMINGTON, DE (May 3, 2013) -- Delaware's Wilmington Trust Company has purchased 2 never-used AW139 Helicopters from Ontario's Medevac provider ORNGE for a cool $10 million per ship. In fact, the 2 choppers (like me) never made it across the Canadian border and were stored at the AgustaWestland's facility in North Philadelphia for over 2 years.
Wilmington Trust holds the note on Ornge's fleet of 12 AW helicopters, and some say the term "purchase" should read "repossessed" considering the medevac provider was given a year to sell the choppers but were unable to do so. In fact, the 2 surplus AW139's were never outfitted for EMS use and were fitted as corporate aircraft.
Read the backstory and learn how ORNGE came very close to being grounded.