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

 

Milestone Aviation Provides $230 Million Secured Debt Facility to Bristow Group

Dublin, Ireland, February 2, 2017 – Milestone Aviation Group Limited (“Milestone”), a GE Capital Aviation Services (“GECAS”) company and the global leader in helicopter leasing, announced today a commitment letter with Bristow Group Inc. (“Bristow”), a leading provider of global industrial aviation services. Under the agreement, Milestone is providing a $230 million secured term loan facility to a subsidiary of Bristow, secured by a pool of Bristow’s helicopter assets. As part of the agreement, Bristow will extend select Sikorsky S-92 leases with Milestone, and Milestone will also defer lease rentals on select Airbus H225 assets on lease to Bristow.

“Bristow is a world leader in industrial aviation and our long-time partner, and this funding agreement symbolizes GE and Milestone’s confidence in the Bristow strategy and management team,” said Milestone President and Chief Executive Officer Daniel Rosenthal. “We take great pride in our ability to create innovative solutions to best serve the operators we work with, and as part of GE, we are very pleased that we can continue to be a key contributor of capital to helicopter operators. We understand the challenges that exist in the current environment, and we look forward to continuing to ensure the long-term success of the global helicopter industry.”

“Milestone has been our primary lessor since 2012, and this agreement is another example of the continued strength of their commitment to Bristow Group,” said Jonathan Baliff, Bristow President and Chief Executive Officer. “Throughout our relationship, they have worked creatively and flexibly to structure lease solutions best suited for our business, and with the backing of GE they now have the capability to support our business objectives by providing us with significant financial flexibility, as an important alternative to traditional banking capital.”

 

About Milestone Aviation

Milestone Aviation Group, a GE Capital Aviation Services company, is the world’s leading helicopter leasing and financing company. Milestone has a fleet of over 225 helicopters worth US $3.9 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 34 customers in 26 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 Names Daniel Rosenthal President and CEO

Dublin, Ireland, December 1, 2016 — Milestone Aviation Group Limited (“Milestone”), a GE Capital Aviation Services company (“GECAS”) and the global leader in helicopter leasing, today announced that President Daniel Rosenthal has been named President and Chief Executive Officer, effective January 1, 2017. Richard Santulli, GE Officer and Milestone Chairman, will leave GE but continue to serve Milestone in an advisory capacity.

Rosenthal, 41, has spent most of his career in leadership positions at some of the most innovative organizations in the aviation industry. In 2009, he co-founded Milestone, the first global helicopter leasing company. He previously spent four years at NetJets, where he held various leadership roles.

“Dan has been an outstanding company president and a strong leader since GE acquired Milestone in 2015, and this appointment reflects the great value he continues to create for Milestone and its partners,” said Alec Burger, President and CEO of GECAS. “Milestone is the leader in helicopter financing because of the dedication Dan and his entire talented management team bring to their work serving customers and partners around the world. As the global helicopter industry continues to evolve, I am confident that Dan and his team have the skills and experience Milestone will need to continue as the industry leader.”

Santulli, 72, is a visionary entrepreneur, businessman, and founding father of two major aviation industries. In 1986, he launched the first-ever fractional aircraft program, which he later named NetJets, and in 2009 he left NetJets to co-found Milestone.

“One of the greatest fortunes of my life was meeting Richard Santulli nearly 13 years ago,” said Rosenthal. “It has been an honor to learn from Rich both at NetJets and as we built Milestone and established a critical new industry. Rich is an industry icon and set the standard for all of us at Milestone by creating a world-class culture for customers and employees. Looking forward, we will always carry with us his entrepreneurial spirit and dedication to providing our customers with creative aircraft financing solutions through unparalleled customer service. Beyond the business side, Rich is a close confidante, mentor and friend, and I’m delighted that he will continue as a Milestone advisor.”

“It has been a pleasure working alongside Dan to build Milestone,” said Santulli. “Together, he and the rest of our talented management team have created an incredible company committed to serving the needs of our customers and partners around the world. As company president, Dan’s day-to-day leadership since joining GE Capital has ensured that Milestone stayed true to our core values. This is the right time for me to move into an advisory role and pursue other business opportunities, and I know Dan will continue to lead the company in our tradition of creative, flexible service to our clients.”

“Milestone has succeeded because it has always put its customers and partners first,” said Burger. “On behalf of GE, I want to express our gratitude to Rich for building a truly unique company with a powerful, customer-focused culture. The creative and entrepreneurial approach he instilled in Milestone will continue to drive its success and is an inspiration to the entire GE Capital team.”

Daniel Rosenthal Biography

About Milestone Aviation Group
Milestone Aviation Group, a GE Capital Aviation Services company, is the world’s leading helicopter leasing company. Milestone has a fleet of over 215 helicopters worth US $3.7 billion and supports 32 operators in 26 countries on six continents. The company has a forward order book of firm and option aircraft with an estimated aggregate purchase price of US $3.2 billion. These near-term delivery positions of in-demand helicopters are made available for lease globally. Milestone partners with helicopter operators worldwide and supports them through lease and debt financing. The company provides financing for helicopters 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 over 45 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 26 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

Bell Helicopter and Milestone Aviation Support Airlink Relief Efforts in Haiti Following Hurricane Matthew

Fort Worth, TX and Norwalk, CT November 3, 2016 – Helicopters are once again proving their worth in the wake of Hurricane Matthew, and three firms – Bell Helicopter, Airlink and GE – have combined efforts to match helicopter capability with the essential need to transport aid workers and supplies to regions in Haiti inaccessible by any other means.

Shortly after the disaster hit the island, Airlink reached out to its aviation partners searching for helicopters. Airlink is an experienced rapid-response humanitarian relief organization that brings together airlines with pre-qualified non-profits. GE Capital Aviation Services (GECAS), a supporter of Airlink since its founding in 2010, connected Airlink with Milestone Aviation Group, the helicopter leasing company that GECAS purchased in 2015.

Milestone’s team quickly surveyed its network of helicopter operators and manufacturers and was delighted when Bell Helicopter stepped up to provide two helicopters and crew for relief missions in Haiti. With the newly available lift provided by Bell Helicopter, Airlink scheduled a second charter flight to Haiti with 175,000 pounds of supplies, which Bell’s team will distribute to remote areas of the island.

“GE has a history of mobilizing resources across our businesses during critical times of need,” said Robert Green, Chief Financial Officer of GE Capital. “I am very proud of our GECAS and Milestone teams who worked together to provide value-added support to Airlink through our aviation networks.” GE Capital is providing financial support for Airlink’s mission in Haiti in addition to annual financial support provided by GECAS.

“When Milestone learned of Airlink’s critical need to reach remote locations inaccessible by ground infrastructure, we immediately began to work with our industry partners to identify available helicopters,” said Lauren Norelli, Milestone’s Senior Vice President of Strategy and Corporate Development. “Bell Helicopter responded to our outreach without hesitation and worked diligently with Airlink to review operational requirements and mobilize two helicopters and crew to Haiti.”

“We are thankful to Milestone for highlighting this much needed helicopter mission and introducing us to Airlink,” said JJ Cawelti, Bell Helicopter’s Senior Manager of Global Public Affairs. “Helicopters are a uniquely capable asset and we are proud to bring our Bell 412EP and Bell 429 aircraft to this important mission supporting Airlink and numerous other nonprofit organizations that are providing critical humanitarian aid in Haiti.”

Created in 2010 by the leadership of the International Society of Transport Aircraft Trading (ISTAT) Foundation, Airlink is a rapid-response disaster relief organization that links airlines with pre-qualified NGOs to transport aid workers and cargo to locales around the globe in humanitarian crisis. The organization has been coordinating transportation assistance since Hurricane Matthew hit early in October.

Following the hurricane, GE Foundation, GE Capital and other GE businesses have contributed more than $750,000 to the Haiti relief effort, including financial donations and water purification equipment. GE’s financial aid has been provided through Airlink, Hope for Haiti, Team Rubicon, Americares and St. Boniface Haiti Foundation.

About Bell Helicopter
Bell Helicopter, a wholly owned subsidiary of Textron Inc., is an industry-leading producer of commercial and military, manned and unmanned vertical-lift aircraft and the pioneer of the revolutionary tiltrotor aircraft. Globally recognized for world-class customer service, innovation and superior quality, Bell’s global workforce serves customers flying Bell aircraft in more than 120 countries.

About Milestone Aviation Group
Milestone Aviation Group, a GE Capital Aviation Services company, is the world’s leading helicopter leasing company. Milestone has a fleet of over 215 helicopters worth US $3.7 billion and supports 32 operators in 26 countries on six continents. The company has a forward order book of firm and option aircraft with an estimated aggregate purchase price of US $3.2 billion. These near-term delivery positions of in-demand helicopters are made available for lease globally. Milestone partners with helicopter operators worldwide and supports them through lease and debt financing. The company provides financing for helicopters 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 over 45 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

Bell Helicopter Media Contact:
Amanda Gerards
+1 405 317 5785
agerards@bh.com

Milestone Media Contact:
Nathan Riggs
of Kekst and Company
+1-212-521-4804
nathan-riggs@kekst.com

Milestone Aviation Contributes to Growth of EMS Capabilities In China With Lease of Two Airbus H130 Helicopters to Mit Group’s Hems999

Dublin, Ireland, October [26], 2016 – Milestone Aviation Group Limited (“Milestone”), a GE Capital Aviation Services company and the global leader in helicopter leasing, announced today that it has leased two new Airbus H130 helicopters to HEMS999 Company Ltd. (“HEMS999”), a Chinese air ambulance operator subsidiary of MIT Group, to support emergency medical service operations in China’s Shandong Province.

“There is currently a substantial unmet need for helicopter emergency medical services in China, and this partnership with HEMS999 represents an exciting opportunity for Milestone to enter a new region with significant opportunities for growth and development,” said Milestone President Daniel Rosenthal. “Milestone is committed to forging long-term relationships with our customers and partners all around the world, and we take great pride in supporting life-saving operations in China. We are pleased that we could work with Airbus to provide HEMS999 with these aircraft.”

“Shandong is experiencing a sharp rise in motor vehicles, as well as an expansion in highway infrastructure, and air ambulance services are needed now more than ever before in what is China’s second most populous province,” said Gai Fang, President of the MIT Group. “Milestone and Airbus Helicopters have been great partners as we work to establish HEMS999 as the country’s first provincial HEMS network covering traffic accidents, and we greatly value Milestone’s ability to support our expansion needs by providing an optimal lease solution.”

The two H130 aircraft should begin conducting missions within the next few months. Milestone reached this lease agreement with MIT Group in collaboration with Airbus Helicopters. Airbus Helicopters previously announced a purchase agreement with MIT Group to provide HEMS999 with seven H130 helicopters for use in emergency medical services and rescues for road and highway accidents across Shandong.

About Milestone Aviation Group:
Milestone Aviation Group, a GE Capital Aviation Services company, is the world’s leading helicopter leasing company. Milestone has a fleet of over 215 helicopters worth US $3.7 billion and supports 32 operators in 26 countries on six continents. The company has a forward order book of firm and option aircraft with an estimated aggregate purchase price of US $3.2 billion. These near-term delivery positions of in-demand helicopters are made available for lease globally. Milestone partners with helicopter operators worldwide and supports them through lease and debt financing. The company provides financing for helicopters 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 over 45 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 26 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
of Kekst and Company
+1-212-521-4804
nathan-riggs@kekst.com