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

Milestone Aviation Places €200MM Firm Order with Airbus Helicopters

Dallas, Texas, March 7, 2017 – Milestone Aviation Group Limited (“Milestone”), the global leader in helicopter leasing, announced today a €200 million firm order with Airbus Helicopters including H145, H135 and H175 helicopters. Delivery of the aircraft on order is scheduled to begin in mid-2017 with deployment into emergency medical service and other parapublic segments.

Milestone’s current helicopter fleet includes over 60 Airbus Helicopters consisting of H130, H135, H145, H155, H175 and H225s with a cost of nearly USD $1 billion. In 2016, Milestone acquired 10 Airbus H145s largely supporting global EMS missions and believes there is significant opportunity for this light-twin aircraft.

“Milestone was very active in emergency medical services and other parapublic segment in 2016, and this order gives us near-term availability for H145 and H135 aircraft to support growing demand for new technology in these segments,” said Milestone President and CEO, Daniel Rosenthal.

“We are honoured to partner with Milestone and General Electric. As the owner of the largest and most diverse fleet of commercial Airbus Helicopters in the world, they have truly innovated the helicopter industry and are uniquely placed to bring new technology and financing solutions to operators across missions,” said Guillaume Faury, CEO of Airbus Helicopters. “We are very pleased that Milestone is supporting operators with Airbus Helicopters across diverse segments of the industry such as emergency medical services, police surveillance, search and rescue, utility, fire-fighting, and oil and gas crew transport.”

The H145 offers operators a large cabin, next-generation avionics, and powerful engines, positioning it as a desirable replacement across a variety of life-saving and utility missions. Likewise, the H135 offers significant technology and performance improvements and is the staple twin-engine platform in the global EMS market. The H175, Airbus Helicopter’s new generation medium-sized rotorcraft, delivers on all counts with its long range, smooth ride, excellent payload lift and outstanding cabin comfort.

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

About Airbus

Airbus is a global leader in aeronautics, space and related services. In 2016, it generated revenues of € 67 billion and employed a workforce of around 134,000. Airbus offers the most comprehensive range of passenger airliners from 100 to more than 600 seats. Airbus is also a European leader providing tanker, combat, transport and mission aircraft, as well as Europe’s number one space enterprise and the world’s second largest space business. In helicopters, Airbus provides the most efficient civil and military rotorcraft solutions worldwide.

Media Contact for Milestone:

Nathan Riggs

Kekst and Company

+1-212-521-4804

nathan.riggs@kekst.com

Media Contacts for Airbus Helicopters:

Guillaume Steuer       + 33 (0)6 73 82 11 68     guillaume.steuer@airbus.com
Laurence Petiard       +33 (0) 6 18 79 75 69      laurence.petiard@airbus.com

Milestone Aviation to Support HeliKorea’s Entrance into South Korean EMS with Lease of Leonardo AW169

Dallas, Texas, March 6, 2017 – Milestone Aviation Group Limited (“Milestone”), the global leader in helicopter leasing, announced today that it has leased a Leonardo AW169 to HeliKorea to accelerate its expansion into Emergency Medical Services (EMS) operations in South Korea. The helicopter was sourced from Milestone’s order book with the manufacturer.

“We are excited to begin this new partnership with HeliKorea, as we reinforce our industry-leading support for operators conducting live-saving missions around the world,” said Milestone President and CEO, Daniel Rosenthal. “HeliKorea has become the largest helicopter operator in South Korea by providing highly skilled and reliable service to meet diverse needs, and we are very pleased that they trusted Milestone to arrange their first commercial lease.”

“HeliKorea has built a strong track record in serving military, parapublic, and commercial needs, and our expansion into EMS operations and this partnership with Milestone marks an exciting new chapter for our company,” said HeliKorea’s President, Kyong Jo Min. “Milestone understands our business, and their expertise and considerable knowledge of the EMS industry made them the ideal partner for our first lease. We are confident that this new area provides us with significant opportunities for growth, and with Milestone’s personalized support, we were able to create the optimal fleet to provide the best service possible to Korea’s National Medical Center.”

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 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 HeliKorea Co., Ltd.

HeliKorea Co., Ltd. is Korea’s leading helicopter services company. HeliKorea’s helicopter fleet, the largest in Korea, ranges from medium to heavy helicopters, utilized in a variety of industries, including firefighting, cargo and VIP transport, emergency medical services, offshore oil and gas, search and rescue, and utility missions. Founded in 1996, the company owns, operates and leases helicopters, and employs highly skilled professionals at its state-of-the-art facility and headquarters in Daejeon and its management office in Seoul. HeliKorea looks to expand its services globally, successfully having worked with customers overseas, including Chinese federal, state and city government entities. www.helikorea.co.kr

Media Contact for Milestone:

Nathan Riggs

of Kekst and Company

+1-212-521-4804

nathan-riggs@kekst.com

 

Milestone Aviation Provides Seven Helicopters to Thai Aviation Services

Dallas, Texas, March 6, 2017 – Milestone Aviation Group Limited (“Milestone”), the global leader in helicopter leasing, announced today that it has leased two Sikorsky S-92 and five Sikorsky S-76D helicopters to be operated by Thai Aviation Services Co., Ltd. (“TAS”). Of the seven aircraft, six were newly delivered from Milestone’s order book, and the seventh was sourced from Milestone’s existing fleet. TAS will utilize the helicopters to provide crew transport and additional oil field support services to a major international oil company in the Gulf of Thailand.

“Milestone has had an important relationship with TAS since 2012, and we were very pleased to collaborate with TAS to secure the helicopters that best fit the needs of their customer in Thailand,” said Brett Rankin, Milestone’s Vice President Commercial, Central and Southern Asia Pacific. “Our product and technical teams spent extensive time reviewing TAS’ mission requirements and developing innovative solutions. We believe that today’s announcement is a perfect example of the unique value and long-term partnership that Milestone brings to all of our customers.”

“We appreciate that Milestone was able to provide TAS with an aircraft and lease solution that meets our need for increased efficiency and new technology,” said Craig Havas, Deputy Managing Director Operations of TAS. “Milestone is a strong and creative partner, and we look forward to expanding our existing relationship.”

All helicopters are expected to be operational in Thailand by the end of March 2017.

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 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 Thai Aviation Services Ltd.:

Founded in 1987, Thai Aviation Services Co., Ltd. is the premier helicopter operator in Southeast Asia. With the Head office located in Bangkok and two operational bases serving the Gulf of Thailand, one in Utapao international Airport and one at Nakhon Sri Thamarrat in southern Thailand.  TAS presently operates a fleet of 2 Sikorsky S-92 and 7 S-76C aircraft in offshore support roles for a variety of Customers in the Gulf of Thailand. TAS has a reputation for extremely high operational flight safety standards and operates the only Ab-Initio pilot training program of any of the Thai operators. TAS has produced over 80 Thai helicopter pilots through this program for the Thai helicopter industry over the last 10 years.

 

Media Contact for Milestone:

Nathan Riggs

of Kekst and Company

+1-212-521-4804

nathan-riggs@kekst.com

Milestone Aviation to Support Enhanced EMS Operations in Norway with Lease of Two AW139 Helicopters to Norsk Luftambulanse

Dublin, Ireland, March 3, 2017 – Milestone Aviation Group Limited (“Milestone”), the global leader in helicopter leasing, announced today that it will provide two AW139 helicopters from its order book with Leonardo Helicopters to Norsk Luftambulanse AS (“NLA”) to support emergency medical services (HEMS) in Norway. In July, Norway’s National Air Ambulance Service awarded NLA with a six-year contract (with a further 2x two-year extension options) to operate all twelve HEMS bases in Norway.

“We are very proud to have supported NLA in its successful bid to provide air ambulance services to the people of Norway,” said Milestone Executive Vice President Robert Dranitzke. “The Norwegian government conducted a very comprehensive process to ensure that Norway would be served with a robust and modern HEMS, and its choice is a testament to NLA’s reputation as a trusted and skilled operator. We look forward to continuing to work with NLA as they serve this essential function for the Norwegian people in the years to come.”

“Milestone is a strong and creative partner, and their flexibility was greatly valued in helping us win this important contract to provide high-quality and reliable helicopter ambulance service to patients across Norway,” said Rune Midtgaard, CEO. “Throughout a competitive bidding process, Milestone worked collaboratively to develop the optimal lease structure that matched the requirements of our end-user, the Norwegian government. As we look forward to the critical tasks ahead, we know our partnership with Milestone will continue to benefit the people of Norway, as we bring improved technology and additional capacity to Norway’s HEMS.”

 

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 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 Norsk Luftambulanse AS

Norsk Luftambulanse AS (“NLA”) is a Norwegian HEMS operator currently serving nine of Norway’s twelve HEMS bases. In addition NLA operates all three HEMS bases in Denmark. The company is owned by Norway’s largest non-profit membership organization with over 700,000 members, the Norwegian Air Ambulance Foundation that is committed to saving lives by strengthening the air ambulance service through research, education and development

Media Contact for Milestone:

Nathan Riggs

of Kekst and Company

+1-212-521-4804

nathan-riggs@kekst.com