Viking Adds United Kingdom to Growing List of Twin Otter Series 400 Sales

Jul 14, 2014

Montrose Global LLP to Purchase Five Viking Series 400 Twin Otters

Farnborough, England, July 14th, 2014:  Viking Air Limited of Victoria, British Columbia, and Montrose Global LLP of London, England, have signed a proposal for the purchase of five Twin Otter Series 400 aircraft, making Montrose the first customer for the type in the United Kingdom.

The deal for the five Twin Otter Series 400, to be offered by Montrose to airlines on an operating lease basis, is expected to be finalized in the coming weeks.  The aircraft will be offered in a variety of configurations, including amphibious float provisions, and are scheduled for delivery starting in late 2015 through 2016.

"Global demand for the Twin Otter continues to be robust, attracting an increasing level of interest from the aircraft leasing community who recognize the outstanding value proposition of an aircraft with worldwide market acceptance," said Richard Libby, Viking Director of Aircraft Sales.  He added, "The Twin Otter has a long history of exceptionally strong residual value and worldwide market acceptance, making it an ideal asset to offer on operating leases.  It is clearly the class leader in its category, and we are extremely excited by the opportunity to make the aircraft available to lease customers around the globe through Montrose."

About Montrose Global LLC

Montrose is an alternative asset based investment and management company focused on the leasing and financing of large ticket assets, private equity and real estate development.  Montrose has made investments in the private aviation, real estate, energy saving and leisure sectors, with a main focus in the aviation market in turboprops and regional jets.

About Viking Air Limited:

Headquartered in Victoria, BC, Viking is the global leader in utility aircraft services, and the manufacturer of the world-renowned Series 400 Twin Otter. Viking is the Original Type Certificate holder for all out-of-production de Havilland aircraft, DHC-1 through the DHC-7, and provides exclusive spare parts manufacturing and product support for the legacy de Havilland fleet.  In 2007 Viking launched the Twin Otter Series 400 production program, and to date new Viking aircraft have been sold to 29 countries worldwide.

In October 2016, Viking acquired the Type Certificates (manufacturing rights) for the CL-215, CL-215T, CL-415 aircraft and all variants from Bombardier. With the Type Certificate transfer, Viking assumed responsibility for product support for the global fleet of 170 aerial firefighters.

Viking is managed by Longview Aviation Capital and forms part of the portfolio of a prominent Canadian family investment firm which maintains a long-term investment horizon and is one of the leading investors in the Canadian aviation industry.

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Information Contact

Robert Mauracher
Viking Air Ltd.
Executive Vice President, Sales & Marketing
Phone: +1.250.656.7227

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Angela Murray
Viking Air Ltd.
Marketing & Business Development
Phone: +1.250.656.7227