It is expected to close within 60 days. Details of the agreement have not been disclosed. AAG, which conducts its operations from Wappingers Falls, NY, has six owned, leased and managed helicopters, including four Sikorsky S-76 VIP aircraft, currently engaged in charter operations in metropolitan New York, Washington, D.C., and Houston, Tex. The company has been in business since 1989. The current AAG management team will be retained and operate as an independent subsidiary of Sikorsky.
Fractional ownership is a time-sharing concept where several parties own a helicopter together.
Sikorsky Aircraft Corporation pioneered the helicopter industry and is a leading helicopter designer and manufacturer. It is a subsidiary of United Technologies Corporation, which provides a broad range of high-technology products and support services. The shuttle aircraft, a Sikorsky S-76B, is operated and crewed by AAG and maintained by Sikorsky. Since the helicopter is based at Rifton, arriving passengers can literally step off their business jets and into the waiting S-76. Manhattan's several heliports are a quick 50 miles to the south following the Hudson River.