Entries by kylehickman

Pratt and Whitney Canada and Milestone Aviation Group Sign US$ 75 Million, 15-Year Deal for New Helicopter Engine Fleet Management Program

ANAHEIM, CA (February 27, 2014)—Pratt & Whitney Canada (P&WC), a United Technologies Corporation company (NYSE:UTX), and Milestone Aviation Group, a global leader in helicopter leasing, today announced a US$ 75 million, 15-year agreement under which P&WC will offer its Flexible Turboshaft Engine Fleet Management program to Milestone customers. The agreement, signed today at HAI Heli-Expo, […]

Milestone Aviation Group Signs Contract to Purchase Eight New-Generation AgustaWestland Helicopters as Part of Landmark Framework Agreement

ANAHEIM, CA, USA, February 27, 2014 – Milestone Aviation Group, the global leader in helicopter leasing, together with AgustaWestland, a Finmeccanica company, announced today at Helicopter Association International’s Heli-Expo that they have signed a purchase contract for eight new-generation AgustaWestland helicopters as part of the companies’ landmark framework agreement. The framework agreement was initially announced in September […]

PARTNERSHIP BETWEEN MILESTONE AVIATION GROUP AND TURBOMECA ACHIEVES LANDMARK

Strong, Growing Partnership Provides Significant Benefits to Helicopter Industry ANAHEIM, CA, USA, February 26, 2014 – Less than one year after launching a first-of-its-kind partnership offering unique services to Milestone customers, helicopter engine manufacturer Turbomeca (Safran) and Milestone Aviation Group, the global leader in helicopter leasing, celebrated a landmark with the announcement that the Milestone fleet […]

Milestone Aviation Group Signs Contract with Sikorsky Aircraft Corporation to Purchase Eight Additional S-92® Helicopters

Milestone’s S-92 Order Book Now at 37 Units Valued at More Than US$ 1.2 Billion ANAHEIM, CA, USA, Feb. 25, 2014 – Milestone Aviation Group, the global leader in helicopter leasing, and Sikorsky Aircraft Corporation announced today at Helicopter Association International’s Heli-Expo that Milestone has increased its S-92 order book by eight units. Sikorsky is a subsidiary […]

AIN: Success Begets Success for Milestone Aviation Group

by  Rob Finfrock February 25, 2014, 3:45 AM “We are very bullish on the rotorcraft market, and on the future,” said Milestone Aviation Group managing director Robert Dranitzke. The company placed an exclamation point on that statement on the show’s opening day, as Milestone announced its fleet has grown to 143 helicopters valued at over […]

Vertical: Surpassing Expectations

By: Elan Head 2/25/2014 It has been an incredible few years for Milestone Aviation Group. Since Milestone launched in August 2010, the helicopter leasing company has grown to become one of the industry’s biggest players. How big? At Heli-Expo 2014 in Anaheim, Calif., the company is announcing that it now has more than 143 aircraft […]

AIN: Leasing Spurs Helo Sales

by Thierry Dubois and Mark Huber February 1, 2014, 1:05 AM The rarefied deepwater oil and gas market has spawned new players and big deals in the helicopter operating leasing market, but to date these transactions have largely been confined to medium and large helicopters. What will be the impact of leasing on the industry […]

Milestone Aviation Group Closes US$ 200 Million Unsecured Revolving Credit Line

Dublin, Ireland (January 9, 2014) – Milestone Aviation Group, the global leader in helicopter leasing, announced today that it has closed on an unsecured US$ 200 million revolving credit line. The new facility increases Milestone’s unsecured borrowing capacity to US$ 450 million and revolving borrowing capacity to US$ 800 million. Today’s announcement follows on the […]

Milestone Aviation Group Completes US$ 575 Million Private Placement Debt Financing

Dublin, Ireland (January 7, 2014) – Milestone Aviation Group, the global leader in helicopter leasing, announced today that it has successfully completed the private placement of US$ 575 million of senior secured notes. The company intends to use the proceeds to fund the continued expansion of its business and to refinance existing debt. The senior […]

Kroll Bond Rating Agency Assigns Issuer Rating of BBB to The Milestone Aviation Group Limited

NEW YORK, NY (October 30, 2013) – Kroll Bond Rating Agency (KBRA) has assigned an issuer rating of BBB with a stable outlook to The Milestone Aviation Group Limited (“Milestone,” “MAG,” or “the company”), a global commercial helicopter leasing company based in Dublin, Ireland. MAG, which was founded in August 2010, provides helicopters to oil […]