Phoenix Heliparts to Offer MD 500 Financing and Insurance In-house

In conjunction with 1st Source Bank and Southwest Aviation Insurance Group, it will offer financing and insurance options on its future MD 500 sales.


Mesa, Arizona – March 4, 2013. Phoenix Heliparts, Inc., in conjunction with 1st Source Bank and Southwest Aviation Insurance Group will offer financing and insurance options on its future MD 500 sales. Phoenix aims for its Mesa headquarters to become a one-stop shop for MD 500 purchases by providing a total service experience and simplifying the process of restoring and upgrading MD 500s.

Celebrating its tenth anniversary at Heli-Expo 2013, Phoenix Heliparts has become renowned for its custom MD 500 restorations. For the ten-year milestone, Phoenix will also offer a $10,000 credit to anyone who signs a purchase order for one or both MD 500s currently undergoing complete refurbishing work, and places a deposit, at the show. 

Phoenix Heliparts president, Tina Cannon, said, “Our goal with bringing financing and insurance in-house is to reduce the challenges that buyers face when undergoing a custom helicopter restoration. Conventional banking may not be an option in these situations, and the difficulty can be compounded by the challenge of finding affordable insurance coverage, especially for low-time private pilots – the situation can be a deal-breaker.

Phoenix has worked closely with 1st Source Banking vice-president, Rick Michalski, on other projects including the one involving the MD 500D on display at Heli-Expo 2013.

Cannon added, “Rick understands the value and workmanship that goes into our custom restorations. He knows how funding these projects through progress payments keeps each program on track. 

“Dave Monaco, president of Southwest Aviation Insurance Group has also been able to put in place $50 million worth of coverage for our high net worth clients, as well as provide affordable coverage for low-time private owners. Our relationships with these institutions have added real value to the experience we offer our customers.”

Phoenix is offering two MD 500D build positions for 2013: a 1981 MD 500D, S/N 410953 with a TSN of 573.6; and another with S/N 1170229D and a TSN of 2,365.7. Both are available with an overhauled C20B or C20R with a TSN of 79.9 hours. For more information, customers should visit Phoenix’s HAI booth C-1527.

Phoenix has long experience servicing its diverse, worldwide customer base, and specializes in MD 500 maintenance, overhaul, completions, restorations, refurbishments and avionics. 

Phoenix Heliparts offers its Total Support Team to a worldwide helicopter customer base to support a multitude of aircraft types including the MD 500 series and Bell UH-1 aircraft. The service includes offering a significant parts inventory for immediate shipment. Capabilities include engineering, avionics, interiors, sheet metal, AP & IA mechanics, field support, and component overhaul.

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