Dow Jones’ Private Equity Analyst – By Daniel Hausmann Dublin — Jordan Co. is leading a $500 million investment in new aircraft-finance business Milestone Aviation Group Ltd. Nautic Partners LLC also is investing in the deal. The specific breakdown of ownership stakes hasn’t been disclosed. Richard Santulli, chairman of Milestone, was a co-founder of NetJets […]
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Aviation Week – By Kerry Lynch Fractional ownership pioneer Richard Santulli and former NetJets Europe CEO William Kelly have resurfaced in the aviation industry with a newly established helicopter and business jet leasing firm, Milestone Aviation Group. The company today announced it has secured $500 million of equity capital commitments to formally launch the business. […]
Bloomberg News – By Andrea Rothman Aug. 4 (Bloomberg) — Richard Santulli, who quit as chief of Warren Buffett’s NetJets Inc. unit last year, raised $500 million to return to aviation with a venture that will help provide helicopters for oil companies and police. Milestone Aviation Group, based in Dublin, aims to become a multibillion-dollar […]
AIN Online – By Matt Thurber Richard Santulli announced today the launch of a new business jet and helicopter leasing company, Milestone Aviation Group, headquartered in Dublin, Ireland. Santulli in the mid-1980s founded fractional share company NetJets, which was sold in 1998 to Warren Buffett’s Berkshire Hathaway. Santulli left that company last year. He is […]