Milestone Aviation Announces EVP Commercial and Chief Operating Officer

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

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

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

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

– 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

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

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 Places Order for AW169 and AW139 Helicopters

–Contract announcement for six AW139s and three AW169s valued at 90 million euro–

–Deliveries expected in 2017 and 2018 to perform a range of EMS and parapublic missions–

–The order reaffirms Milestone’s commitment to the Leonardo “family” of new generation helicopters adding to an order-book consisting of AW139s, AW169s and AW189s–

Rome, 7 March 2017 – Leonardo and Milestone Aviation Group Limited (“Milestone”), a leader in helicopter leasing, today announced a contract for nine aircraft – six AW139 and three AW169 helicopters – expected to deliver in 2017 and 2018. The order, valued at €90 million, reaffirms Milestone’s commitment to the Leonardo “family” with an order book now consisting of AW169, AW139 and AW189 helicopters.

“Milestone has had great success with both the AW139 and AW169 in 2016, and we continue to see an array of opportunities for these aircraft across missions around the globe,” said Daniel Rosenthal, President and CEO of Milestone. “The majority of the helicopters in this order have already been placed with customers to support contracts beginning in 2017 and 2018.”

Milestone leased seven AW169 aircraft in 2016 into geographically diverse emergency medical service segments, reinforcing the lessor’s focus on enabling life-saving missions globally. Milestone also leased 11 AW139s in 2016, with most of those helicopters serving non-oil and gas missions, proving the versatility of the aircraft.

“We are thrilled Milestone believes strongly in the capability and value delivered by Leonardo’s “family” of new technology, efficient, multi-role helicopters,” said Daniele Romiti, Managing Director of Leonardo Helicopters. “We look forward to Milestone’s partnership in growing the fleet and operator base for the AW169, AW139 and AW189 through innovative lease and debt solutions.”

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 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: 

Nathan Riggs

Kekst and Company

+1-212-521-4804

nathan.riggs@kekst.com

 

Milestone Aviation Helicopter Fleet Value Surpasses $4 Billion

–Wrote $1 Billion in Leases and Letters of Intent in 2016–

–Focused on continued diversification in non-oil and gas segments–

Dallas, Texas, March 7, 2017 – Milestone Aviation Group Limited (“Milestone”), the global leader in helicopter leasing, wrote $1 billion in leases and letters of intent in 2016, and the value of its helicopter fleet has now surpassed $4 billion. Recent successful transactions serving emergency medical services as well as the search and rescue segment place nearly a quarter of Milestone’s fleet supporting life-saving missions. In addition to Milestone’s focus on diversification, service offerings now encompass many of GECAS’ capabilities, such as debt financing, engine leasing and fleet advisory.

“We are highly energized by our accomplishments over the past year,” said Daniel Rosenthal, Milestone President and Chief Executive Officer. “In a challenging industry environment we not only grew our business in asset size and leases, but also in scope and strategy through diversifying our portfolio and supporting our customers with expanded financial, productivity and advisory solutions.”

In 2016, Milestone wrote 23 leases and letters of intent in the emergency medical services sector alone, and another 12 in other parapublic missions. With newly established customers in China, Korea, Australia, Norway and Western Europe, the helicopter lessor is now supporting EMS missions globally. Milestone sees strong demand for fleet renewal and service growth in the EMS segment and recently placed new orders with Airbus and Leonardo focused on new technology light-twin aircraft to meet this demand.

Milestone also extended debt commitments of over $400 million in 2016 to support global operators and is offering customers productivity and advisory solutions in addition to lease and debt offerings. “We have great momentum coming out of 2016, and with over $250 million of capital already committed in 2017, we are excited for the year to come,” said Rosenthal, adding “Milestone will continue to draw on the resources of GE to support our customers.”

Increases in Offshore Wind projects have prompted a partnership with GE’s Renewable business, which builds Wind Turbines, to identify new opportunities for helicopter operators. With the help of GE’s Aviation Digital team, Milestone clients are benefiting from customized digital solutions, such as flight operations quality assurance programs.

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 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)

GE Capital Aviation Services (GECAS) is a world leader in aviation leasing and financing.  With 50 years of experience, GECAS offers a wide range of aircraft types including narrowbodies, widebodies, 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 (~1,700 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:

Nathan Riggs

Kekst and Company

+1-212-521-4804

nathan.riggs@kekst.com