Air Greenland announced last month it has canceled the purchase of two EC225s. “In August 2013, the company observed that the market for offshore operations around Greenland had not developed as expected since the time of the order in 2011,” the carrier explained. It also said it attempted to sell the rotorcraft to other parties with no success. Under the final agreement, Air Greenland will pay a waiver of DKK16 million ($2.8 million), just over 4 percent of the value of the 2011 contract.
Air Greenland Cancels EC225s
- March 6, 2014, 3:15 AM