PHi does a deal with City of Galveston

PHi does a deal with City of Galveston

29-Jan-2012 Source: HeliHub.com

PHi has committed to an expansion program at Scholes International Airport for completion within the next two years, and in exchange the City of Galveston has waived over $850,000 of lease payments.  PHi, which has operated from the airport since 2001, flies S76 and S92 helicopters to Gulf of Mexico rigs from here.

PHi will spend at least $1.5M building three hangars and improviding parking lot arrangements.  Fuel revenue to the city-run airport is expected to significantly increase, partly as a result of bringing an additional three helicopters to be based.  PHi has also committed to increasing its headcount by 50 by 2014, taking the total to 95.

Jeremy Parkin – HeliHub.com

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