Milestone Aviation Announces Greg Conlon as President & CEO

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Dublin, Ireland, October 15, 2018 – Milestone Aviation Group Limited (“Milestone”), a GECAS company and the global leader in helicopter leasing, today announced the appointment of Greg Conlon as President and CEO effective Nov 1, 2018. He succeeds Daniel Rosenthal, Co-founder, President and CEO Milestone Aviation and GECAS Executive Vice President of Financing and Products, who has decided to pursue external opportunities. Greg will continue to be responsible for GECAS’ Aircraft Trading function and will relocate to Dublin to lead Milestone.

Greg joined GECAS in 1999 when the company acquired PK AirFinance. In 2005 he transitioned to the GECAS commercial aircraft leasing business with responsibility for customer relationships in Canada, the Caribbean, Iceland, and Greenland. In 2011, he was promoted to SVP Sales & Marketing for the US Region and in 2016 he became Executive Vice President Aircraft Trading for all of GECAS. Prior to GECAS, Greg gained invaluable experience from Boeing Capital Corporation and McDonnell Douglas Finance. He earned his bachelor’s degree in finance and accounting from Ohio State University.

“I want to thank Dan for his leadership and commitment. He and his team have been doing an admirable job of managing the Milestone business through a significant downturn in the industry,” said Alec Burger, President and CEO GECAS. “I will personally miss his positive attitude and relentless energy.

“Greg is well positioned to take on this expanded role and look forward to seeing Milestone Aviation continue to innovate in the sector of helicopter finance under his leadership.”  

# # #

About Milestone

Milestone Aviation Group, a GE Capital Aviation Services company, is the world’s leading helicopter leasing and financing company. Milestone has a fleet of helicopters worth over US $4.7 billion plus a loan portfolio and debt commitments of approximately $400 million. The company has a forward order book of firm and option aircraft with an estimated aggregate purchase price in excess of US $3 billion. Milestone partners with helicopter operators worldwide, providing a wide array of financial and productivity solutions, including operating leases, purchase/leasebacks, secured debt financing, engine leasing and fleet advisory. The company supports over 37 customers in more than 30 countries serving a variety of industries, including offshore oil and gas, search and rescue, emergency medical services, police surveillance, mining and other utility missions. www.milestoneaviation.com

About GECAS

GE Capital Aviation Services (GECAS) is a world leader in aviation leasing and financing. With 50 years of aviation finance experience, GECAS offers a wide range of aircraft types including narrow-bodies, wide-bodies, regional jets, turboprops, freighters and helicopters, plus multiple financing products and services including operating leases, purchase/leasebacks, secured debt financing, capital markets, engine leasing, and airframe parts management. GECAS owns or services a fleet of more than 1,900 aircraft (1,552 fixed wing/ 350 rotary wing) in operation or on order, plus provides loans collateralized on an additional ~320 aircraft. GECAS serves ~250 customers in over 75 countries from a network of 25 offices. www.gecas.com

Media contact: James Luton | +1 203 842 5887 |  james.luton@gecas.com

Milestone Aviation Announces EVP Commercial and Chief Operating Officer

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Dublin, Ireland, June 12, 2018 – Milestone Aviation Group Limited (“Milestone”), a GE Capital Aviation Services company and the global leader in helicopter leasing, today announced new appointments to its executive team. Jeremy Akel, formerly Senior Vice President and Chief Operations Officer for Bristow Group, has been named Executive Vice President, Commercial effective July 2, 2018. Jeremy will relocate to Dublin, Ireland in the fall of 2018.

Milestone also announced that Lauren Norelli, formerly Senior Vice President Strategy and Corporate Development, has been promoted to Chief Operating Officer. In her new role, Lauren will be responsible for leading the company’s finance, leasing operations, technical operations and fleet management functions. Lauren has been with Milestone for more than five years and will continue to be based in the United States.

“We are excited to recruit Jeremy to lead Milestone’s industry-leading commercial team,” said Daniel Rosenthal, Milestone President and CEO. “He brings extensive helicopter industry knowledge as well as the unique perspective of our customers. As a former operator who has worked in every corner of the world, he knows firsthand what operators need from a leasing partner, and his leadership will be instrumental to guiding our global customer relationships.”

Rosenthal continued, “Likewise, we are thrilled to announce Lauren’s promotion to this operations leadership role. She brings vast expertise and a broad perspective into our operations functions, paving the way for our continued success as we manage and grow our helicopter fleet that now exceeds $5.0 billion. Lauren’s collaborative and strategic leadership style will help Milestone continue to drive industry change and greater efficiency.”

Akel said, “Milestone has played an outsized role in shaping the helicopter industry since it introduced global operating leasing to the rotary asset class in 2010. I am looking forward to contributing to this world-class team and supporting our company’s leadership and success as we enter the industry’s next chapter.”

Akel’s and Norelli’s complete biographies can be found on Milestone’s website here.

About Milestone

Milestone Aviation Group, a GE Capital Aviation Services company, is the world’s leading helicopter leasing and financing company. Milestone has a fleet of helicopters worth over US $4.7 billion plus a loan portfolio and debt commitments of approximately $400 million. The company has a forward order book of firm and option aircraft with an estimated aggregate purchase price in excess of US $3 billion. Milestone partners with helicopter operators worldwide, providing a wide array of financial and productivity solutions, including operating leases, purchase/leasebacks, secured debt financing, engine leasing and fleet advisory. The company supports over 37 customers in more than 30 countries serving a variety of industries, including offshore oil and gas, search and rescue, emergency medical services, police surveillance, mining and other utility missions. www.milestoneaviation.com

Milestone Aviation completes purchase and leaseback of four S-92® helicopters

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Dublin, Ireland, May 31, 2018– Milestone Aviation Group Limited (“Milestone”), a GE Capital Aviation Services company and the global leader in helicopter leasing, announced today that it has completed the purchase and lease back of four S-92® aircraft. The acquisition of these aircraft expands Milestone’s owned and debt financed fleet of S-92 helicopters to over 95 — more than one third of all S-92 aircraft in operation globally.

Sikorsky S-92

Sikorsky S-92

Ideally suited for a variety of missions, including offshore oil & gas transportation as well as search and rescue, S-92 helicopters have provided more than 1.3 million reliable flight hours with operators around the world.

“With their continued commitment to the platform, driving both availability and affordability, Sikorsky has demonstrated a focus on keeping these aircraft competitive,” said Daniel Rosenthal, Milestone President and CEO, noting “Milestone takes pride in our partnership with Sikorsky and our ability to place these aircraft in operation while securing our fleet’s future marketability.”

“As the largest owner of S-92’s in the world, Milestone’s commitment to the type is second to none,” said Sikorsky’s Vice President, Commercial Systems & Services, Dana Fiatarone. “We value our collaboration with Milestone, and Sikorsky is committed to future enhancements and continued support to ensure the S-92 remains the offshore commercial helicopter of choice for operators.”

 

Notes to Editors:

About Milestone Aviation Group

Milestone Aviation Group, a GE Capital Aviation Services company, is the world’s leading helicopter leasing and financing company. Milestone has a fleet of helicopters worth over US $4.0 billion plus a loan portfolio and debt commitments of approximately $400 million. The company has a forward order book of firm and option aircraft with an estimated aggregate purchase price in excess of US $3 billion. Milestone partners with helicopter operators worldwide, providing a wide array of financial and productivity solutions, including operating leases, purchase/leasebacks, secured debt financing, engine leasing and fleet advisory. The company supports over 37 customers in more than 30 countries serving a variety of industries, including offshore oil and gas, search and rescue, emergency medical services, police surveillance, mining and other utility missions. www.milestoneaviation.com

About GE Capital Aviation Services (GECAS)

GECAS is a world leader in aviation leasing and financing.  With 50 years of aviation finance experience, GECAS offers a wide range of aircraft types including narrow-bodies, wide-bodies, regional jets, turboprops, freighters and helicopters, plus multiple financing products and services including operating leases, purchase/leasebacks, secured debt financing, aircraft trading, engine leasing and airframe parts management.  GECAS owns or services a fleet of nearly 2,000 aircraft (1,685 fixed wing/ 310 rotary wing) in operation or on order, plus provides loans collateralized on an additional ~400 aircraft. GECAS serves ~250 customers in over 75 countries from a network of 25 offices. gecas.com

 

Media Contact for Milestone:

James Luton
Global Communications Leader
+1-203-842-5887
james.luton@gecas.com

 

About Lockheed Martin
Headquartered in Bethesda, Maryland, Lockheed Martin is a global security and aerospace company that employs approximately 100,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services.

For more information about the Sikorsky’s S-92, please see: www.lockheedmartin.com/s92

 

Milestone aviation provides four new H135 helicopters to ADAC supporting German Army pilot training

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Dublin, Ireland — March 14, 2018 – Milestone Aviation Group (“Milestone”), a GE Capital Aviation Services company (“GECAS”) and the global leader in helicopter leasing announced the lease of four Airbus H135 helicopters to ADAC Luftfahrt Technik GmbH (“ADAC”) in Germany. Two aircraft delivered this month with two more scheduled to deliver in April and May 2018; all aircraft were sourced from Milestone’s light-twin order book with Airbus Helicopters.

Attracted by the possibility of outsourcing part of their mission training requirements and accessing new technology without capital expense, the German Army sought proposals from helicopter maintenance and repair organizations to provide a turn-key solution for their aircraft needs. ADAC, with their proven record of supporting a fleet of over 50 aircraft, partnered with Milestone to win the contract. Within a short period of time, Milestone was able to provide four new H135s fully compliant with the German Army’s specifications and with an operating lease structure that guaranteed full use of the aircraft within the army’s budget.

“Milestone is pleased to partner with ADAC in providing a unique solution to the German Army, enabling the introduction of new technology aircraft in pilot training,” said Milestone President and Chief Executive Officer, Daniel Rosenthal. “We continue to believe that the lease solution combined with a skilled maintenance provider is a successful combination for government training programs.”

“Milestone is very experienced in structuring deals and offering aircraft from their order book with the OEMs and was successful in delivering customized aircraft for this mission within two months of contract signing,” said ADAC Luftfahrt Technik GmbH CEO Thomas Huetsch. “We are thankful to Milestone for their support in bringing new technology aircraft to this mission.”

About Milestone Aviation Group

Milestone Aviation Group, a GE Capital Aviation Services company, is a leading global helicopter leasing and financing company. Milestone has a fleet of helicopters worth over US $4.0 billion plus a loan portfolio and debt commitments of approximately $400 million. The company has a forward order book of firm and option aircraft with an estimated aggregate purchase price in excess of US $3 billion. Milestone partners with helicopter operators worldwide, providing a wide array of financial and productivity solutions, including operating leases, purchase/leasebacks, secured debt financing, engine leasing and fleet advisory. The company supports over 35 customers in more than 30 countries serving a variety of industries, including offshore oil and gas, search and rescue, emergency medical services, police surveillance, mining and other utility missions. www.milestoneaviation.com

 

Media Contact for Milestone:

James Luton
Global Communications Leader
+1-203-842-5887
james.luton@gecas.com

Milestone Aviation leases eight AW139 helicopters to Kingwing supporting expanded emergency medical services in China

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Transaction Facilitated by Milestone’s Leasing Platform in Tianjin Free Trade Zone

Dublin, Ireland Jan 22, 2018 – Milestone Aviation Group (“Milestone”), a GE Capital Aviation Services company (“GECAS”) and the global leader in helicopter leasing announced today the delivery and lease of eight AW139 helicopters to Shanghai Kingwing Aviation Co. Ltd.(“Kingwing”). The medium twin-engine helicopters will join Kingwing’s existing fleet of 32 helicopters providing emergency medical services (“EMS”) in China and will facilitate expanded services to twenty-two provinces nationwide.

Established in 2006, Kingwing is the largest EMS helicopter operator in China, not only providing EMS services, but also aircraft hosting, consignment stock, crew training and helicopter maintenance services. The company is well placed to achieve continued growth in China’s developing helicopter industry as the country relaxes airspace restrictions and promotes expansion of EMS services.

Milestone leased its first helicopter in China in 2014, and GECAS has been active in China since 1988. In 2017, the companies collaborated in establishment of a leasing platform in the Tianjin Free Trade Zone. Milestone’s depth of knowledge and experience in this area will allow it to better serve helicopter operators based in China.

“We are delighted to partner with Kingwing on the largest helicopter lease placement ever in China,” said Milestone President and Chief Executive Officer, Daniel Rosenthal, adding “We have long believed China was prime for growth in civil helicopters and look forward to supporting capable operators such as Kingwing as they provide critical life-saving helicopter services across China.”

“We are grateful to Milestone for their support in this very large and complex transaction” said Kingwing’s President Zou Jianming. “China is a complex and fast-moving business environment. Milestone and General Electric, with significant resources in country, are preferred partners to deliver on a transaction of this size and scope. I look forward to working with the Milestone team as a close partner in the years to come.”

About Milestone Aviation Group

Milestone Aviation Group, a GE Capital Aviation Services company, is a leading helicopter leasing and financing company. Milestone has a fleet of helicopters worth over US $4.0 billion plus a loan portfolio and debt commitments of approximately $400 million. The company has a forward order book of firm and option aircraft with an estimated aggregate purchase price in excess of US $3 billion. Milestone partners with helicopter operators worldwide, providing a wide array of financial and productivity solutions, including operating leases, purchase/leasebacks, secured debt financing, engine leasing and fleet advisory. The company supports over 35 customers in more than 30 countries serving a variety of industries, including offshore oil and gas, search and rescue, emergency medical services, police surveillance, mining and other utility missions. www.milestoneaviation.com

GE Capital Aviation Services (GECAS)
GECAS is a world leader in aviation leasing and financing. With 50 years of aviation finance experience, GECAS offers a wide range of aircraft types including narrow-bodies, wide-bodies, regional jets, turboprops, freighters and helicopters, plus multiple financing products and services including operating leases, purchase/leasebacks, secured debt financing, capital markets, engine leasing, airframe parts management and airport/airline consulting. GECAS owns or services a fleet of nearly 2,000 aircraft (1,673 fixed wing/ 324 rotary wing) in operation or on order, plus provides loans collateralized on an additional ~400 aircraft. GECAS serves more than 250 customers across 79 countries from a network of 26 offices. gecas.com

GE (NYSE: GE) is the world’s Digital Industrial Company, transforming industry with software-defined machines and solutions that are connected, responsive and predictive. GE is organized around a global exchange of knowledge, the “GE Store,” through which each business shares and accesses the same technology, markets, structure and intellect. Each invention further fuels innovation and application across our industrial sectors. With people, services, technology and scale, GE delivers better outcomes for customers by speaking the language of industry. www.ge.com

 

Media Contact for Milestone:
James Luton
Global Communications Leader
+1-203-842-5887
james.luton@gecas.com

Milestone Aviation Group supports Heligo’s growth in India

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– Five additional helicopters leased in 2017 –

Dublin, Ireland, Oct 16, 2017 – Milestone Aviation Group (“Milestone”) announced today the delivery of a Leonardo AW139 to Heligo Charters Private Limited (Heligo) in India. The delivery marks the fifth helicopter leased to Heligo in 2017, increasing the Mumbai-based operator’s fleet and enabling expansion of both on- and offshore services. Milestone, the global leader in helicopter leasing, began its lease partnership with Heligo in 2014 and has played a critical role in expanding the operators fleet to 15 aircraft, eight of which are on lease from Milestone.

Of the five helicopters delivered in 2017, the Leonardo AW139 and two Airbus AS365 Dauphins will operate offshore for the oil and gas industry while one Bell 412EP and one Leonardo AW109SP will expand Heligo’s onshore VIP charter services. The helicopters were sourced from Milestone’s installed fleet and transitioned from prior operations in Europe, Asia, and the United States.

“We are excited to expand our partnership with Heligo at this important time in their company’s growth,” said Milestone Vice President Commercial Michael York. “Heligo has grown to become one of the largest helicopter operators in India by providing highly skilled service through stringent safety standards. We are pleased that they have entrusted Milestone to help them grow their fleet and diversify their client base.”

“We highly value our relationship with Milestone. Their partnership approach gave Heligo access to a diverse fleet of helicopters and the flexibility to bid contracts without taking asset risk” said Chief Executive Officer, Captain K Padmanabhan. “Milestone has provided us with much more than a financial solution, their support has been a central element of our growth strategy, enabling us to grow aggressively but prudently.”

About Milestone Aviation Group

Milestone Aviation Group, a GE Capital Aviation Services company, is the world’s leading helicopter leasing and financing company. Milestone has a fleet of helicopters worth over US $4.0 billion plus a loan portfolio and debt commitments of approximately $400 million. The company has a forward order book of firm and option aircraft with an estimated aggregate purchase price in excess of US $3 billion. Milestone partners with helicopter operators worldwide, providing a wide array of financial and productivity solutions, including operating leases, purchase/leasebacks, secured debt financing, engine leasing and fleet advisory. The company supports over 35 customers in more than 30 countries serving a variety of industries, including offshore oil and gas, search and rescue, emergency medical services, police surveillance, mining and other utility missions. www.milestoneaviation.com

About GE Capital Aviation Services

GE Capital Aviation Services (GECAS) is a world leader in aviation leasing and financing.  With 50 years of aviation finance experience, GECAS offers a wide range of aircraft types including narrow-bodies, wide-bodies, regional jets, turboprops, freighters and helicopters, plus multiple financing products and services including operating leases, purchase/leasebacks, secured debt financing, capital markets, engine leasing, airframe parts management and airport/airline consulting.  GECAS owns or services a fleet of over 1,950 aircraft (1,660 fixed wing/ 306 rotary wing) in operation or on order, plus provides loans collateralized on an additional ~400 aircraft. GECAS serves ~264 customers in over 75 countries from a network of 26 offices. gecas.com

GE (NYSE: GE) is the world’s Digital Industrial Company, transforming industry with software-defined machines and solutions that are connected, responsive and predictive. GE is organized around a global exchange of knowledge, the “GE Store,” through which each business shares and accesses the same technology, markets, structure, and intellect. Each invention further fuels innovation and application across our industrial sectors. With people, services, technology and scale, GE delivers better outcomes for customers by speaking the language of industry. ge.com

About Heligo Charters Private Limited

Heligo Charters Pvt. Ltd is in the business of providing offshore helicopter services to the oil & gas industry in India. Formed and operated by a team of highly experienced aviation professionals in offshore helicopter services, the Company is a part J V Gokal Group (JVG). A completely privately held group, JVG’s foray into air logistics and aviation engineering since 2007 for non-scheduled charter services, is a strategic extension of their broad spectrum Indian onshore and overseas businesses, which cover engineering, software, financials, infrastructure, tea, commodities and other niche initiatives.

Media Contact for Milestone:
James Luton
Global Communications Leader
+1-203-842-5887
james.luton@gecas.com

 

Milestone Aviation Provides Alidaunia two AW169 helicopters for emergency medical services operations

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Dublin, Ireland, Oct 3, 2017 – Milestone Aviation Group Limited (“Milestone”), the global leader in helicopter leasing, announced today that it has entered an agreement to lease two AW169 helicopters to Alidaunia S.R.L. of Italy, to support their emergency medical services (“HEMS”) in Italy. Alidaunia has provided HEMS services in Italy for more than 20 years and Milestone is proud to bring latest technology aircraft to this service. One of the helicopters provided by Milestone is an extension of a current operating lease, and the second AW169 will be delivered from Milestone’s order book with Leonardo Helicopters in 2018.

“Milestone is very proud to continue our strong partnership with Alidaunia, a long established and respected helicopter operator and service provider, and the launch customer for our AW169 order book,” said Milestone Commercial Vice President for Europe, Sebastien Moulin. “We are very pleased to bring new technology aircraft to Alidaunia’s longstanding EMS contract in Italy. We look forward to continuing to work with Alidaunia as they serve this essential function for the Italian people for years to come.”

“Alidaunia has built a strong track record in serving several Italian regions and their EMS needs. Our lease partnership with Milestone continues to be a pillar for our company and our mission,” said Robert Pucillo, CEO of Alidaunia S.R.L.. “Milestone understands our business as an operator and service provider. Their flexible financial solution and considerable expertise in delivering new aircraft allowed us to pursue the introduction of a new type into our fleet while minimizing our financial and operational risk.”

Notes to Editors:

About Milestone Aviation Group
Milestone Aviation Group, a GE Capital Aviation Services company, is the world’s leading helicopter leasing and financing company. Milestone has a fleet of helicopters worth over US $4.0 billion plus a loan portfolio and debt commitments of approximately $400 million. The company has a forward order book of firm and option aircraft with an estimated aggregate purchase price in excess of US $3 billion. Milestone partners with helicopter operators worldwide, providing a wide array of financial and productivity solutions, including operating leases, purchase/leasebacks, secured debt financing, engine leasing and fleet advisory. The company supports over 35 customers in more than 30 countries serving a variety of industries, including offshore oil and gas, search and rescue, emergency medical services, police surveillance, mining and other utility missions. www.milestoneaviation.com

About GE Capital Aviation Services (GECAS)
GECAS is a world leader in aviation leasing and financing with 50 years of experience. The GECAS portfolio comprises a wide range of aircraft types including narrowbodies, widebodies, regional jets, turboprops, freighters and helicopters. GECAS offers multiple financing products and services including operating leases, purchase/leasebacks, secured debt financing, capital markets, engine leasing, airframe parts management and airport/airline consulting.  GECAS owns or services a fleet of over 1,950 aircraft (~1,700 fixed wing/ ~250 rotary wing) in operation or on order, plus provides loans collateralized on an additional ~400 aircraft. GECAS serves ~ 270 customers in over 75 countries from a network of 25 offices. www.gecas.com

GE (NYSE: GE) is the world’s Digital Industrial Company, transforming industry with software-defined machines and solutions that are connected, responsive and predictive. GE is organized around a global exchange of knowledge, the “GE Store,” through which each business shares and accesses the same technology, markets, structure and intellect. Each invention further fuels innovation and application across our industrial sectors. With people, services, technology and scale, GE delivers better outcomes for customers by speaking the language of industry. www.ge.com

About Alidaunia S.R.L.
Alidaunia, founded in Foggia on the 1st March 1976, started its activity as fixed wing operator of aerial work.
In 1984 the Company introduced the first helicopter in the fleet and was granted with the License for Passengers Public Transport (TPP) by the Italian Ministry of the Transportation. Since 1985, authorized by Ministry of Transportation and with the sponsorship of Puglia regional government, Alidaunia guarantees the daily connection between Foggia and the Tremiti Islands, a service of remarkable social utility. Since 1986 is the only Italian company operating line scheduled flights with helicopters; such line service to the Tremiti Islands is integrated by Helicopter Emergency Medical Service (HEMS), available 24/7, in favor of the population of the Islands. Since 1995 Alidaunia has provided to different public contractors HEMS services. Nowadays, such services are going to be all operated with AW169. Today, Alidaunia operates in many different areas within the framework of helicopter business. Specifically, public transportation and aerial work (EASA IT.AOC.063), Continuing Airworthiness Management Organization (EASA IT.MG.0063), MRO (EASA IT.145.0101), Design Organization Approval (EASA DOA AP.018), airport and heliport handling, security and management, fire-fighting, fuel bunkering.

Media Contact for Milestone:
James Luton
Global Communications Leader
+1-203-842-5887
james.luton@gecas.com

Milestone Aviation provides two medium helicopters to Faasa for firefighting missions

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Dublin, Ireland, Oct 3, 2017 – Milestone Aviation Group Limited (“Milestone”), the global leader in helicopter leasing, announced today that it has entered into an agreement to lease two B412SP helicopters to FAASA Aviacion S.A. of Spain to support their expanded firefighting services. The two helicopters owned by Milestone, were previously on lease to a Brazilian operator and utilized in oil and gas support missions. The helicopters are currently in Spain, where FAASA is carrying out reconfiguration work to facilitate the new firefighting mission.

“Milestone is proud to begin a new partnership with FAASA, a long established and respected helicopter operator and service provider,” said Milestone Commercial Vice President for Europe, Sebastien Moulin. “We are very pleased to provide the helicopters that meet their needs, and again prove the versatility of this asset class transitioning helicopters from a primarily oil and gas mission to a firefighting mission.”

“FAASA has a fifty-year history of providing safe and reliable helicopter utility services,” said Hector Tamarit Almagro, CEO. “We operate a fleet of over 80 helicopters in both Europe and South America– Milestone is an ideal leasing partner for us with a truly global team and a diverse fleet of helicopters. We look forward to continuing to partner with Milestone as we innovate our business.”

 

Notes to Editors: 

About Milestone Aviation Group

Milestone Aviation Group, a GE Capital Aviation Services company, is the world’s leading helicopter leasing and financing company. Milestone has a fleet of helicopters worth over US $4.0 billion plus a loan portfolio and debt commitments of approximately $400 million. The company has a forward order book of firm and option aircraft with an estimated aggregate purchase price in excess of US $3 billion. Milestone partners with helicopter operators worldwide, providing a wide array of financial and productivity solutions, including operating leases, purchase/leasebacks, secured debt financing, engine leasing and fleet advisory. The company supports over 35 customers in more than 30 countries serving a variety of industries, including offshore oil and gas, search and rescue, emergency medical services, police surveillance, mining and other utility missions. www.milestoneaviation.com

About GE Capital Aviation Services (GECAS)

GECAS is a world leader in aviation leasing and financing with 50 years of experience. The GECAS portfolio comprises a wide range of aircraft types including narrowbodies, widebodies, regional jets, turboprops, freighters and helicopters. GECAS offers multiple financing products and services including operating leases, purchase/leasebacks, secured debt financing, capital markets, engine leasing, airframe parts management and airport/airline consulting.  GECAS owns or services a fleet of over 1,950 aircraft (~1,700 fixed wing/ ~250 rotary wing) in operation or on order, plus provides loans collateralized on an additional ~400 aircraft. GECAS serves ~ 270 customers in over 75 countries from a network of 25 offices. www.gecas.com

GE (NYSE: GE) is the world’s Digital Industrial Company, transforming industry with software-defined machines and solutions that are connected, responsive and predictive. GE is organized around a global exchange of knowledge, the “GE Store,” through which each business shares and accesses the same technology, markets, structure and intellect. Each invention further fuels innovation and application across our industrial sectors. With people, services, technology and scale, GE delivers better outcomes for customers by speaking the language of industry. www.ge.com

 

Media Contact for Milestone:

James Luton
Global Communications Leader
+1-203-842-5887
james.luton@gecas.com

Milestone Aviation and Babcock Mission Critical Services celebrate over fifty helicopters on lease and six years of lease partnership

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Dublin, Ireland, September 28, 2017 – Milestone Aviation Group Limited (Milestone) and Babcock Mission Critical Services Ltd. announce the sixth anniversary of their lease partnership. Milestone, the global leader in helicopter leasing, has served Babcock (and its predecessor companies) since 2011, first providing for the purchase/lease-back of three light-twin emergency medical service helicopters operated in Spain and Portugal.

Today, Milestone leases more than 50 helicopters into Babcock’s fleet ranging from light twins to heavies. Over half the helicopters operate in emergency medical services, police surveillance, and search and rescue missions. Most recently, Milestone introduced the H175 helicopter to Babcock’s fleet – the operator’s first super-medium aircraft – with the delivery of three aircraft from the lessor’s order book with Airbus. Milestone expects to deliver two additional H175s to Babcock before the end of the year.

“We are extremely proud to have expanded our partnership with Babcock over the past six years,” said Milestone President and CEO, Daniel Rosenthal. “The leases signed with Babcock reflect our customer focus, unparalleled suite of service offerings and long-term approach to developing business partnerships. Babcock has generated strong growth with their focus on mission-critical operations and government support services. We look forward to growing our relationship with Babcock and supporting them for years to come.”

“We are delighted to continue building on our long-term relationship with Milestone,” said Andrea Cicero, Managing Director, Babcock Mission Critical Services. “Milestone’s financial strength and stability as part of GE coupled with their market knowledge and diverse fleet makes them a perfect leasing partner. We appreciate their ability to think long-term and simultaneously move quickly to execute on tight timeframes. The partnership with Milestone allows us to better serve our customers and deliver value to our shareholders as the market continues to evolve.”

The Babcock-Milestone partnership is broad and diverse. Milestone has provided aircraft and operating lease financing on Babcock helicopters serving EMS, SAR, O&G and police surveillance missions utilising modern light-twin helicopters, mediums, super-mediums and heavy aircraft.

 

Notes to Editors:

About Milestone Aviation Group

Milestone Aviation Group, a GE Capital Aviation Services company, is the world’s leading helicopter leasing and financing company. Milestone has a fleet of helicopters worth over US $4.0 billion plus a loan portfolio and debt commitments of approximately $400 million. The company has a forward order book of firm and option aircraft with an estimated aggregate purchase price in excess of US $3 billion. Milestone partners with helicopter operators worldwide, providing a wide array of financial and productivity solutions, including operating leases, purchase/leasebacks, secured debt financing, engine leasing and fleet advisory. The company supports over 35 customers in more than 30 countries serving a variety of industries, including offshore oil and gas, search and rescue, emergency medical services, police surveillance, mining and other utility missions. www.milestoneaviation.com

 

About GE Capital Aviation Services (GECAS)

GECAS is a world leader in aviation leasing and financing.  With 50 years of aviation finance experience, GECAS offers a wide range of aircraft types including narrow-bodies, wide-bodies, regional jets, turboprops, freighters and helicopters, plus multiple financing products and services including operating leases, purchase/leasebacks, secured debt financing, capital markets, engine leasing, airframe parts management and airport/airline consulting.  GECAS owns or services a fleet of over 1,950 aircraft (1,660 fixed wing / 306 rotary wing) in operation or on order, plus provides loans collateralized on an additional ~400 aircraft. GECAS serves more than 250 customers in over 75 countries from a network of 26 offices. gecas.com

 

GE (NYSE: GE) is the world’s Digital Industrial Company, transforming industry with software-defined machines and solutions that are connected, responsive and predictive. GE is organized around a global exchange of knowledge, the “GE Store,” through which each business shares and accesses the same technology, markets, structure and intellect. Each invention further fuels innovation and application across our industrial sectors. With people, services, technology and scale, GE delivers better outcomes for customers by speaking the language of industry. www.ge.com

 

About Babcock

For more than a century, Babcock has been trusted to deliver bespoke, highly-skilled engineering services. We help customers in the UK and around the world to improve the capability, reliability and availability of their most critical assets within the four market sectors of Marine, Land, Aviation, and Nuclear, underpinned by a deep understanding of technology integration, unique infrastructure, and specialist training.

Mission Critical Services, which sits within Babcock’s Aviation sector, is one of the world’s leading providers of aerial services for mission-critical operations. Babcock’s fleet of Emergency Service aircraft, operated by highly experienced crews and supported by skilled staff, executes around 90,000 missions each year, providing critical air ambulance, search and rescue, firefighting, police and civil protection services. Babcock also operates helicopters serving the oil and gas sector.

 

Media Contact for Milestone:

James Luton
GE Capital Aviation Services
+1 203 842 5887
james.luton@gecas.com

 

Media Contact for Babcock:

Lorena Rodrigo
Babcock Mission Critical Services
+44 7516458880
Lorena.Rodrigo@babcockinternational.com