NY Port Authority To Sell S-76s | Aviation International News

NY Port Authority To Sell S-76s

The Port Authority of New York & New Jersey (PANYNJ) plans to sell its two Sikorsky S-76s, on the grounds that it cannot justify their annual operating cos

By AIN Staff • AIN Staff

September 21, 2010

The Port Authority of New York & New Jersey (PANYNJ) plans to sell its two Sikorsky S-76s, on the grounds that it cannot justify their annual operating cost of $3.7 million.

The decision was prompted by expectations of a $39 million budget shortfall this year. “Our revenues have been down, as have thos e of other agencies,” said a Port Authority spokesman.

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