“We ordered the building last September; our contractor told us since last fall the price of steel has gone up five or six times,” he says.
“We built this building when we should have; the timing was right.”
Regarding the airport, Freeman comments, “It’s easy for customers to find; it is protected and secure; it is a nice airport aesthetically with two instrument approaches; and it’s located between two good-sized towns right off the highway.
“From a geographical standpoint, this is a nice place; and the land lease here, from what I understand, is one of the most affordable in the state.”
Freeman says his annual revenues are at some $3.5 million. “We are kind of a one stop shop, so if we grab a paint job, it could have some major maintenance with it, maybe some repair, then they may also want some avionics upgrades,” he explains.
“Between maintenance, repair, and avionics ... each profit center probably represents a third of the total business that comes in here.”
The new 28,125-square foot facility features a large expanse of skylighting, in-floor heat, and a 10,000 lb. bridge crane. Freeman expects to be in the facility in August.
With regard to possible future exploits for the company, Freeman remarks, “Brokerage would be nice; that’s a highly competitive and hard-to get-into business.
“Our goals are to keep our customer base diversified, expand our parts sales, possibly introduce some higher level flight training, and maybe some brokering, he says.”
Helicopter Specialties is a Part 145 certified FAA repair station. For technical support email firstname.lastname@example.org.
Air Methods Corporation (Nasdaq: AIRM), reported today that one of its EC-135 twin-engine helicopters serving the University of Wisconsin Hospitals and Clinics in Madison, WI, crashed Saturday night...
Its new 28,250 sq. ft. facility is now open.