Milestone Aviation to support enhanced EMS operations in Australia with lease of Leonardo AW139 to LifeFlight

Dublin, Ireland and Brisbane, Australia, October 24, 2016 – Milestone Aviation Group Limited (“Milestone”), a GE Capital Aviation Services company and the global leader in helicopter leasing, announced today that it has recently leased a new, EMS equipped Leonardo AW139 helicopter to LifeFlight (formerly known as CareFlight) to support emergency medical services (EMS) and search and rescue (SAR) missions in Queensland, Australia.

“We are delighted to add to our global EMS fleet through this new partnership with LifeFlight,” said Milestone President Daniel Rosenthal. “LifeFlight is a skilled operator who has been providing lifesaving services to the people of Australia for 35 years and is trusted as the major provider of helicopter-based EMS and SAR services to the Queensland Health department. Milestone is proud to lease the largest fleet of life-saving helicopters in the industry, and this partnership is reflective of our commitment to provide unparalleled support to EMS and SAR operators around the world. We are honored to aid LifeFlight in their critical mission to save lives in Queensland.”

“The introduction of the third state-of-the-art AW139 into our fleet marks an important milestone in our ongoing modernization efforts, helping us to deliver our expanded services faster and more efficiently than ever before,” said Ashley van de Velde, Director and CEO of LifeFlight. “Milestone was creative and flexible in structuring a lease solution that ideally suited our needs, allowing us to introduce new technology to our RACQ LifeFlight Rescue fleet. We look forward to greatly enhancing the services we provide to the people of Queensland as we work to save lives – anyone, anywhere, anytime.”

Notes to Editors:

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

About LifeFlight
LifeFlight is one of Australia’s largest aeromedical charities providing rapid response medical care to thousands of people each year. It integrates its own staff of critical care doctors, paramedics and nurses with helicopters and Air Ambulance jets to provide the finest care to seriously sick and injured patients across Australia and around the globe.

Media Contact for Milestone:

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

Media Contact for LifeFlight:
Ian Eckersley
Communications and Public Relations Manager
61 7 3037 2223
Ian.eckersley@lifeflight.org.au

Milestone Aviation Group Announces Expanded Commercial Team

Eight New Commercial Executives Hired and Five New Offices Opened in Dallas, Dubai, Hong Kong, Sao Paulo, and Singapore

DUBLIN, September 28, 2015 – Milestone Aviation Group, a GE Capital Aviation Services (GECAS) company headquartered in Dublin and the global leader in helicopter leasing, announced today that it has expanded its commercial team with eight newly hired executives and increased its international presence in Africa, Asia, Australia, Europe, the Middle East, and North and South America.

Milestone has enhanced its global rotary market presence by opening five new offices in Dallas, Dubai, Hong Kong, Sao Paulo and Singapore in addition to its long-standing office in Columbus and its headquarters in Dublin. The expansion aims to get Milestone closer to its customers to serve them better.

“We view this investment in our team and enhancement of our global reach as differentiating factors that enable us to serve customers better, seize even greater opportunities, and further diversify our business both geographically and vertically,” said Milestone President Daniel Rosenthal.

Milestone’s global commercial organization is now structured into two regional components: Europe & the Americas; and Emerging Markets. Under the new organizational structure, Walter Horsting has assumed the role of Senior Vice President, Commercial – Europe & Americas, and Jonty Nel, who joins Milestone from GECAS, assumes the role of Senior Vice President, Commercial – Emerging Markets. Horsting and Nel report directly to Executive Vice President, Commercial, Robert Thor Dranitzke.

“Our expanded team will improve the customized service and financing solutions we offer to our customers,” said Dranitzke. “The addition of these eight senior aviation executives will further drive our marketing efforts by helping us get even closer to our customers to better understand their needs and build stronger relationships and partnerships.”

In addition to Mr. Nel, the new hires include a talented team of seven senior executives with extensive experience at helicopter manufacturers, helicopter operators, oil companies, and O&G consulting groups, as well as over 35 years combined experience in military aviation. These executives will report to Messrs. Horsting and Nel, and have responsibility for defined geographies within the two regions.

Europe and the Americas

  • Vice President Commercial, Continental Europe: Sebastien Moulin
  • Vice President Commercial, Northern Europe & Canada: John Parnell
  • Vice President Commercial, Latin America & Caribbean: Francois Arnaud
  • Vice President Commercial, United States:             Scott Fitzgerald

Emerging Markets

  • Vice President Commercial, Northern Asia & Russia: Stephanie Tovoli
  • Vice President Commercial, Southern Asia Pacific & Central Asia Brett Rankin
  • Vice President Commercial, Turkey, India, Middle East, Africa: Michael York

 

About Milestone Aviation Group

Milestone Aviation Group, a GE Capital Aviation Services Company, is the world’s leading commercial helicopter leasing company. Milestone has a fleet of 191 helicopters worth US $3.4 billion and supports 33 operators in 27 countries on six continents. The company has a forward order book of 154 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 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 2,150 aircraft (~1,840 fixed wing/ ~310 rotary wing) in operation or on order, plus provides loans collateralized on an additional ~400 aircraft. GECAS serves over 270 customers in over 75 countries from a network of 25 offices. (www.gecas.com)

GE (NYSE: GE) imagines things others don’t, builds things others can’t and delivers outcomes that make the world work better. GE brings together the physical and digital worlds in ways no other company can. In its labs and factories and on the ground with customers, GE is inventing the next industrial era to move, power, build and cure the world. (www.ge.com)

Media Contacts:

Eric Berman / Nathan Riggs

of Kekst and Company

+1-212-521-4894 / +1-212-521-4804

eric-berman@kekst.com / nathan-riggs@kekst.com

Milestone Aviation Group to Acquire 28 H175 Airbus Helicopters

  • Represents largest customer commitment for Airbus’ new super-medium-lift rotorcraft
  • Agreement marks new step in Airbus Helicopters-Milestone Aviation Group relationship

Le Bourget, France, 15 June, 2015 – Airbus Helicopters, a division of Airbus Group, and Milestone Aviation Group, a GE Capital Aviation Services company and the global leader in helicopter leasing, announced today that Milestone has increased its combined orders and options to a total of 28 H175s, the largest order for Airbus’ new super-medium-lift twin-engine rotorcraft.

“We have full confidence in the Airbus Helicopters’ leadership team and are delighted to expand our relationship with the introduction of the H175 to our fleet,” said Richard Santulli, Milestone’s Chairman. “The H175 is well-aligned with our commitment to offering the most innovative product solutions for our customers.”

“Today’s H175 order is illustrative of the Milestone team’s sharp focus on long-term industry growth,” said Daniel Rosenthal, Milestone’s President. “We have been impressed by the H175’s successful introduction into service and felt it was the appropriate time to further our commitment to the aircraft.”

Airbus Helicopters’ H175 was designed to meet the most demanding oil and gas industry transportation requirements, offering new levels of comfort with the largest cabin in its class, as well as low in-flight vibration and noise levels. The rotorcraft provides highly cost-efficient service, with a capacity of up to 18 passengers, low fuel consumption and the range to reach a large percentage of the world’s offshore installations.

“This latest agreement builds on our outstanding relationship with Milestone, who owns one of the most valuable Airbus civilian helicopter fleets in operation and on order in the world,” said Guillaume Faury, the President & CEO of Airbus Helicopters. “It also reinforces the H175 as an aircraft of choice in the super-medium category.”

The H175 entered service last December and is demonstrating high availability in more than 900 flight hours performed by customers to date, while also confirming the rotorcraft’s designed-in maintainability – which is backed by Airbus Helicopters’ support and services. It is certified to the latest airworthiness standards, covering both the helicopter and the new Helionix®  avionics  suite  –  providing  increased  safety  through  reduced  pilot  workload, enhanced situational awareness, improved flight envelope protection and system redundancy.

Contributing to the H175’s competitive edge is its recommended cruise speed of 150 kts., while the maximum cruise speed exceeds 165 kts. – all achieved at extremely low vibration levels.

Excellent power performance for the H175 includes hover out of ground effect (HOGE) with a

maximum 7.5-metric-ton take-off weight at 5,800 ft. at ISA+20°C conditions; one engine inoperative (OEI) hover performance, which ensures safety during hoisting for search and rescue missions; and extensive power reserve ensuring heli-deck performance (PC1) at maximum take-off weight in ISA+20°C conditions.

The helicopter’s radius-of-action in an oil and gas mission configuration enables 16 passengers to be transported to offshore rigs at distances of 140 nautical miles (NM.) on crew change flights, extending to nearly 200 NM. when 12 passengers are carried. Further certification of the H175 at an increased maximum take-off weight of 7,800 kg. will offer operators the ability to further expand the radius-of-action by 40 NM., or to carry 300 kg. of additional payload

The H175 is a perfect complement to Airbus Helicopters’ heavy-lift H225 (formerly known as the EC225), which is deployed worldwide by oil and gas airlift service providers. As a tandem offered only by Airbus Helicopters, the H175 and H225 are able to support the oil and gas sector’s development in terms of both range and payload.

 

About Milestone Aviation Group

Milestone Aviation Group, a GE Capital Aviation Services Company, is the world’s leading commercial helicopter leasing company. Milestone has a fleet of 187 helicopters worth US $3.2 billion and supports 33 operators in 26 countries on six continents. The company has a forward order book of 117 firm and option aircraft with an estimated aggregate purchase price of US $2.4 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 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/props, 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 2,200 aircraft (1,900 fixed wing/300 rotary wing) in operation or on order, plus provides loans collateralized on an additional 400 aircraft. GECAS serves over 270 customers in over 75 countries from a network of 24 offices. www.gecas.com

GE (NYSE: GE) imagines things others don’t, builds things others can’t and delivers outcomes that make the world work better. GE brings together the physical and digital worlds in ways no other company can. In its labs and factories and on the ground with customers, GE is inventing the next industrial era to move, power, build and cure the world. www.ge.com

About Airbus Helicopters (www.airbushelicopters.com)

Airbus Helicopters is a division of Airbus Group. The company provides the most efficient civil and military helicopter solutions to its customers who serve, protect, save lives and safely carry passengers in highly demanding environments. Flying more than 3 million flight hours per year, the company’s in-service fleet includes some 12,000 helicopters operated by more than 3,000 customers in 152 countries. Airbus Helicopters employs more than 23,000 people worldwide and in 2014 generated revenues of 6.5 billion Euros. In line with the company’s new identity, fully integrated into Airbus Group, Airbus Helicopters has renamed its product range replacing the former “EC” designation with an “H”.

For more information, please contact:

For Airbus Helicopters 

Yves Barillé

Tel: + 33 (0)4 42 85 50 94

Mob: + 33 (0)6 07 23 49 35

yves.barille@airbus.com

 

 

Gloria Illas

Tel: + 33 (0)4 42 85 58 89

Mob: +33 (0) 6 31 47 08 99

gloria.illas@airbus.com

 

 

 

Erin CallenderTel: + 33 (0)4 42 85 51 31

Mob: + 33 (0)6 72 86 68 03

Erin.callender@airbus.com

 

For Milestone

Eric Berman / Nathan Riggs

of Kekst and Company

+1-212-521-4894 / +1-212-521-4804

eric-berman@kekst.com / nathan-riggs@kekst.com

 

Bell Helicopter and Milestone Aviation Group Sign LOI for 20 Bell 525 Relentless As Aircraft Continues to Gain Traction across Globe

Paris, France (June 15, 2015) – Bell Helicopter, a Textron Inc. (NYSE: TXT) company, and Milestone Aviation Group, a GE Capital Aviation Services company announced today plans to move forward with a letter of intent (LOI) to acquire 20 Bell 525 Relentless helicopters. These aircraft will serve a variety of roles with Milestone’s lessees around the world, including oil and gas, emergency medical service, search and rescue, and utility opportunities. Delivery of aircraft to Milestone is expected to begin in late 2017.

“We are very pleased to announce our first order with Bell Helicopter,” said Milestone’s Chairman, Richard Santulli. “With the 525, our customers will benefit from the newest fly-by-wire technology and its mission versatility.”

“Milestone is committed to building long-term relationships with industry leaders that deliver value for our customers,” said Daniel Rosenthal, Milestone’s President. “By securing future delivery positions for the Bell 525, we are continuing to demonstrate our strong commitment to that goal.”

“We are thrilled to expand our relationship with Milestone by signing this agreement. Milestone Aviation, owns one of the world’s largest commercial helicopter fleets and we are delighted they have placed their trust in this aircraft.” said President and CEO of Bell Helicopter, John Garrison. “As the first helicopter to define the super-medium class, the Bell 525 provides Milestone with an aircraft able to perform a diverse set of missions in the most demanding conditions.”

The Bell 525 is the world’s first fly-by-wire commercial helicopter, designed to operate safely and reliably in austere environments with decreased pilot workload. The aircraft integrates critical systems data to be easily accessible at-a-glance with the first fully-integrated touch screen flight deck designed for helicopters, the Garmin G5000H®. Best-in-class payload, cabin, cargo volumes, comfort and egress complement the technological advancements on the aircraft. The Bell 525 is being tested in Bell Helicopter’s fully integrated System Integration Lab (SIL), allowing for virtual flight testing of the Bell 525 before first flight, which is scheduled for spring 2015.

 

PRESS CONTACT

Bell Helicopter:

ASHLEIGH DANA

+1 817-280-3100

mediarelations@bh.com

Online Media Kit

Facebook

Twitter

YouTube

For Milestone:

ERIC BERMAN / NATHAN RIGGS

of Kekst and Company

+1-212-521-4894 / +1-212-521-4804

eric-berman@kekst.com / nathan-riggs@kekst.com

 

About Milestone Aviation Group

Milestone Aviation Group, a GE Capital Aviation Services Company, is the world’s leading commercial helicopter leasing company. Milestone has a fleet of 187 helicopters worth US $3.2 billion and supports 33 operators in 26 countries on six continents. The company has a forward order book of 117 firm and option aircraft with an estimated aggregate purchase price of US $2.4 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 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/props, 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 2,200 aircraft (1,900 fixed wing/300 rotary wing) in operation or on order, plus provides loans collateralized on an additional 400 aircraft. GECAS serves over 270 customers in over 75 countries from a network of 24 offices. www.gecas.com

GE (NYSE: GE) imagines things others don’t, builds things others can’t and delivers outcomes that make the world work better. GE brings together the physical and digital worlds in ways no other company can. In its labs and factories and on the ground with customers, GE is inventing the next industrial era to move, power, build and cure the world. www.ge.com

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 Textron Inc.

Textron Inc. is a multi-industry company that leverages its global network of aircraft, defense, industrial and finance businesses to provide customers with innovative solutions and services. Textron is known around the world for its powerful brands such as Bell Helicopter, Cessna, Beechcraft, Hawker, Jacobsen, Kautex, Lycoming, E-Z-GO, Greenlee, and Textron Systems. For more information, visit www.textron.com.

Certain statements in this press release are forward-looking statements which may project revenues or describe strategies, goals, outlook or other non-historical matters; these statements speak only as of the date on which they are made, and we undertake no obligation to update or revise any forward-looking statements. These statements are subject to known and unknown risks, uncertainties, and other factors that may cause our actual results to differ materially from those expressed or implied by such forward-looking statements, including, but not limited tothe efficacy of research and development investments to develop new products or unanticipated expenses in connection with the launching of significant new products or programs; the timing of our new product launches or certifications of our new aircraft products; our ability to keep pace with our competitors in the introduction of new products and upgrades with features and technologies desired by our customers; changes in government regulations or policies on the export and import of our products; volatility in the global economy or changes in worldwide political conditions that adversely impact demand for our products; performance issues with key suppliers or subcontractors; difficult conditions in the financial markets which may adversely impact our customers’ ability to fund or finance purchases of our products; continued demand softness or volatility in the  markets in which we do business; and changes in aircraft delivery schedules or cancellations or deferrals of orders.

Milestone Confirms Orders for Three More AW139s

Finmeccanica-AgustaWestland announced today that Milestone Aviation Group has signed a firm order for three additional AW139s that will be made available for lease to Milestone’s customers and operators globally. This contract is part of a multi-year commitment signed in September 2013 by Milestone Aviation to purchase up to 45 AgustaWestland helicopters and brings the total number of orders by Milestone to 18.

The AW139 is the first helicopter to enter service with a 60+ minute “run dry” capability in the main gear box, delivering improved safety for offshore operations. With an increase in the alternate maximum gross weight to 7 tonne, operators will also benefit from up to 700 kg of additional payload. In an offshore configuration, the 7 tonne AW139 can reach a 230 nm radius of action with eight passengers while retaining key operating and performance features.

Customers of Milestone Aviation Group, a global helicopter finance and leasing company owned by GE Capital Aviation Services, will benefit from the commonalities across the AW139, AW169 and AW189 Family of new generation helicopters spanning the 4 to 8-tonne weight classes. Sharing a common design approach and cockpit, complying with the latest safety and certification standards and with maintenance and training commonalities, the Family concept offers a range of benefits to operators of more than one type.

To date, over 220 customers have ordered more than 900 AW139 helicopters, making it the market leader in its class. With the large number of orders for the AW189 and AW169 the Family concept has found rapid market success with orders for two out of three or all three types from a number of major large fleet operators also including Bristow Group, Bond Aviation Group, Bel Air, Gulf Helicopters, INAER, Weststar Aviation Services and Era. The AW189 and AW169 have each exceeded 150 orders to customers worldwide.

MILESTONE AVIATION GROUP EXPANDS GLOBAL OPERATIONS AND ENHANCES FINANCIAL FLEXIBILITY FOLLOWING ACQUISITION BY GE CAPITAL 

– New Offices to Open in Asia, South America and Middle East/Africa; Expansion in Europe –

– Increased Financial Strength after GE Capital Acquisition –

ORLANDO, Florida, March 2, 2015 –Milestone Aviation Group, a GE Capital Aviation Services company and the global leader in helicopter leasing announced today at Helicopter Association International’s Heli-Expo that the company is expanding its international presence into three new regions – Asia, South America and the Middle East/Africa – while also growing its European staffing.

Milestone will be opening offices this year in Singapore; Sao Paulo, Brazil; and the United Arab Emirates, while continuing to grow its team in Europe. The company plans to add over 20 employees in the near term with a focus on increasing its global marketing efforts and better serving its customers. This global expansion is consistent with GE Capital’s growth strategy. The company currently serves its clients globally from its existing offices in Ireland and the United States.

“Milestone continues to lead the helicopter leasing industry by remaining steadfast in our commitment to customers and partners, and by offering the most innovative product solutions and services in the world,” said Milestone President Daniel Rosenthal. “By investing in our team and enhancing our global reach, we will be able to better serve our existing customers around the world, grow in new geographies and forge relationships with new customers providing mission-critical services to emergency medical services (EMS), search and rescue (SAR), and other utility and government missions, as well as offshore oil and gas.”

In addition to its global expansion, Milestone announced that with the successful completion of its acquisition by GE Capital Aviation Services in January, it repaid the overwhelming majority of its outstanding debt. Going forward, Milestone will largely be funded by GE intercompany sources, giving the company increased financial strength, flexibility and enhanced customer service capability as it expands globally.

“By paying down substantially all of our external debt and with the strength of the GE balance sheet behind us, Milestone will have a greater capability to capitalize on opportunities in the market and better serve our customers around the world,” said Milestone Chief Financial Officer Colin Golden.

About Milestone Aviation Group 

Milestone Aviation Group, a GE Capital Aviation Services Company, is the world’s leading commercial helicopter leasing company. Milestone has a fleet of 178 helicopters worth US $3.0 billion and supports 33 operators in 26 countries on six continents. The company has a forward order book of 121 firm and option aircraft with an estimated aggregate purchase price of US $2.7 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 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. Further information is available at www.milestoneaviation.com.

About GE Capital Aviation Services (GECAS) GECAS is the U.S. and Irish commercial aircraft financing and leasing business of GE. It is the global leader in aircraft financing, offering the widest range of aircraft types from helicopters to wide body jets and financing options including operating leases and secured debt financing. With 40+ years of industry experience, GECAS currently leases more than 1,570 aircraft to over 235 customers in 75 countries and also provides productivity solutions including spare engine leasing, aviation consulting services, and spare parts financing and management. A unit of GE Capital, GECAS stays close to its customers with offices in 24 cities around the world. (www.GECAS.com)
GE (NYSE: GE) imagines things others don’t, builds things others can’t and delivers outcomes that make the world work better. GE brings together the physical and digital worlds in ways no other company can. In its labs and factories and on the ground with customers, GE is inventing the next industrial era to move, power, build and cure the world. www.ge.com

Media Contacts for Milestone:

Eric Berman / Nathan Riggs of Kekst and Company

+1 212-521-4894 / +1 212-521-4804

eric-berman@kekst.com / nathan-riggs@kekst.com

 

GE Capital Aviation Services Closes Acquisition of Milestone Aviation Group

DUBLIN, Ireland – January 30,  2015 – GE Capital Aviation Services (GECAS), the aircraft leasing unit of GE (NYSE: GE), today announced it completed and closed its acquisition of Milestone Aviation Group, the Dublin-based helicopter lessor, for $1.775 billion plus the assumption or payoff of Milestone’s existing debt.

“The acquisition of Milestone is a key part of our growth strategy for 2015 and beyond as we add an experienced team and expand into a natural adjacency for us, helicopters,” said Norman Liu, president and chief executive officer.

The acquisition also is in line with GE Capital’s strategic plan of growing and enhancing value in core areas aligned with GE’s industrial domains including energy, aviation, oil & gas and healthcare, while reducing the overall size of GE Capital through the disposition of non-strategic assets.

Helicopter finance represents a fast-growing sector in aviation. Since Milestone’s founding in August 2010 by aviation and leasing industry veteran Richard T. Santulli and other members of the former NetJets executive management team, the company has quickly grown into a leading helicopter leasing company. Today, Milestone’s fleet includes 178 helicopters worth $3.0 billion as well as a strong forward order and option book of 121 firm and option aircraft with an estimated aggregate purchase price of $2.7 billion with a variety of helicopter manufacturers. The helicopters in Milestone’s fleet are used in a variety of industries, and are currently leased to 32 operators in 26 countries.

Santulli will serve as chairman of the helicopter leasing business and will become an officer of GE. Milestone president Daniel Rosenthal will serve as president of the business, which will continue to operate as “Milestone Aviation Group.” Fellow Milestone founding executives John Burns, Robert Thor Dranitzke, Matthew Harris and Walter Horsting will continue in their current roles, as will the rest of the Milestone team.

Milestone had been owned by a consortium led by The Jordan Company. Bank of America Merrill Lynch provided financial advice to Milestone, and Mayer Brown and Clifford Chance served as Milestone’s legal advisors.

 

About GE Capital Aviation Services (GECAS)

GECAS, the U.S. and Irish commercial aircraft financing and leasing business of GE, has a fleet of approximately 1,600 owned and serviced aircraft with over 230 airlines. With 45+ years of industry experience, GECAS is recognized as the pre-eminent airline leasing company in the world, offering a wide range of aircraft types and financing options, including operating leases and secured debt financing. GECAS also provides an ever expanding array of productivity solutions including spare engine leasing, aviation consulting services, and spare parts financing and management. GECAS, a unit of GE Capital, has offices in 23 cities around the world, and services customers in 75+ countries. (www.GECAS.com)

GE (NYSE: GE) works on things that matter. The best people and the best technologies taking on the toughest challenges. Finding solutions in energy, health and home, transportation and finance. Building, powering, moving and curing the world. Not just imagining. Doing. GE works. For more information, visit the company’s website at www.ge.com.

Please sign up to follow us on Facebook (GE Capital Aviation Services) and on Twitter (GECASNews).

About Milestone Aviation Group

Milestone Aviation Group is the world’s leading helicopter leasing company. Since launching in August 2010, and as of December 31, 2014, Milestone has acquired a fleet of 178 helicopters worth US $3.0 billion and supports 31 operators in 25 countries on six continents. The company has a forward order book of 121 firm and option aircraft with an estimated aggregate purchase price of US $2.7 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 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. Further information is available at www.milestoneaviation.com.

About The Jordan Company

The Jordan Company (www.thejordancompany.com), founded in 1982, is a middle-market private equity firm that manages funds with original capital commitments in excess of $8 billion with a 32-year track record of investing in and contributing to the growth of many businesses across a wide range of industries. The senior investment team has been investing together for over 20 years and they are supported by the Operations Management Group, which was established in 1988 to initiate and support operational improvements in portfolio companies. Headquartered in New York, The Jordan Company also has offices in Chicago and Shanghai.

Media Contacts:

Dan Whitney

VP, Global Communications

GE Capital Aviation Services

+1-203-842-5229

dan.whitney@ge.com

For Milestone:

Lauren Norelli

SVP Strategy & Corporate Development

Milestone Aviation Group

+1-614-233-2332

lnorelli@milestoneaviation.com

Eric Berman / Nathan Riggs

of Kekst and Company

+1-212-521-4894 / +1-212-521-4804

eric-berman@kekst.com / nathan-riggs@kekst.com

 

 

MILESTONE AVIATION GROUP FINANCES HELICOPTERS FOR BRISTOW HELICOPTERS LTD UK SAR FLEET

– Company Will Purchase and Lease 12 Aircraft to Bristow Group –

Dublin, Ireland, November 11, 2014 – Milestone Aviation Group, the global leader in helicopter leasing, announced today that it has closed seven of 12 helicopter leases to Bristow Helicopters Limited, an affiliate of the Bristow Group. The helicopters will be used for civilian search and rescue (SAR) services when Bristow Helicopters takes over delivery of UK SAR services on behalf of the Maritime and Coastguard Agency (MCA) in 2015. Milestone will provide Bristow 11 Sikorsky S-92 helicopters and one AgustaWestland AW189, which have a combined value of more than US$420 million.

Four of the S-92s are operating currently from the Stornoway and Sumburgh bases in Northern Scotland. Three S-92 aircraft are in other UK locations for training purposes. Four additional S-92 aircraft are in production. The AW189 helicopter that Milestone will provide is one of 11 AW189s that Bristow will operate under the UK SAR contract.

“Today’s announcement is the culmination of three years working with Bristow on this bid, and represents a textbook example of a successful long-term partnership,” said Milestone Chairman and Chief Executive Officer Richard Santulli. “We are pleased to do our part to support Bristow and the Maritime and Coastguard Agency as they work to save lives throughout the UK.”

“We are thankful to Milestone, our primary lessor, for working with our affiliate Bristow Helicopters and supporting the implementation of UK SAR,” said Jonathan Baliff, President and Chief Executive Officer of Bristow Group Inc. “Milestone is a creative and committed partner. The operational lease financing that Milestone provides is a vital part of our capital plan and enables us to cost effectively serve the people of the UK in executing our SAR mission to save lives.”

The Department for Transport in the United Kingdom awarded Bristow Helicopters Limited a £1.6 billion contract to provide civilian search and rescue services for the UK on March 26, 2013. Bristow began SAR operations in 2013 from the Stornoway and Sumburgh bases. By summer 2017, 10 helicopter bases will be fully operational across the UK. In total, Bristow Helicopters will provide 11 Sikorsky S-92 and 11 AgustaWestland AW189 helicopters that will be located at 10 bases across the UK. Each SAR base will operate either two S-92s or two AW189s, and one of each type can be deployed as needed to be used for training.

###

Notes to Editors:

About Milestone Aviation Group:

Milestone Aviation Group is the world’s leading helicopter leasing company. Since launching in August 2010, and as of September 30, 2014, Milestone has acquired a fleet of 168 helicopters worth US $2.8 billion and supports 31 operators in 25 countries on six continents. The company has a forward order book of 131 firm and option aircraft with an estimated aggregate purchase price of US $3.0 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 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. Further information is available at www.milestoneaviation.com.

About UK SAR:

By summer of 2017 there will be 10 Coastguard helicopter bases around the UK, all operated by Bristow on behalf of Her Majesty’s Coastguard. The helicopters will provide search and rescue many miles out to sea, all the way around the 10,500 miles of UK coast and will also operate extensively inland. The Sikorsky S-92s and AgustaWestland AW189s can fly further and faster than those helicopters they replace. The latest technologies including night vision, infrared, thermal imaging and high illumination lighting technology will all be used by the crew to find people in distress and bring them to safety.

Visit: https://www.gov.uk/government/news/coastguard-search-and-rescue-helicopter-programme

About Bristow Helicopters Ltd

Bristow Helicopters Ltd is the leading provider of search and rescue (SAR) services in the UK, on behalf of Her Majesty’s Coastguard, having been awarded the UK SAR contract and the Gap SAR contract for Northern Scotland. Bristow Helicopters has a long history of providing world class SAR services in the UK, beginning in 1971 and has flown more than 44,000 SAR operational hours in the UK and conducted over 15,000 SAR missions, during which more than 7,000 people have been rescued by our crews and helicopters. For more information on Bristow’s SAR operations, please visit www.bristowsar.com

Bristow Helicopters Ltd. has served the offshore oil transport industry in the UK for nearly 60 years. Bristow Helicopters Ltd. is an affiliated company of Bristow Group Inc.

About Bristow Group

Bristow Group Inc. is the leading provider of helicopter services to the worldwide offshore energy industry based on the number of aircraft operated and one of two helicopter service providers to the offshore energy industry with global operations. The company has major transportation operations in the North Sea, Nigeria and the U.S. Gulf of Mexico, and in most of the other major offshore oil and gas producing regions of the world, including Australia, Brazil, Canada, Russia and Trinidad. For more information, visit the Company’s website at www.bristowgroup.com.

Media Contacts for Milestone:

Eric Berman / Nathan Riggs of Kekst and Company

+1 212-521-4894 / +1 212-521-4804

eric-berman@kekst.com / nathan-riggs@kekst.com

Media Contacts for Bristow:

Julie King, Global Communications

+1-832-783-7927

Global.communications@bristowgroup.com

GE Capital Aviation Services to Acquire Milestone Aviation Group

  • GE Capital’s Aviation Financing Unit Expands Into Helicopter Leasing
  • Industry-Leading Milestone Team, Led by Richard T. Santulli, Joins GE

DUBLIN, Ireland – October 13, 2014 – GE Capital Aviation Services (GECAS), the aircraft leasing unit of GE (NYSE: GE), today announced the signing of an agreement to acquire Milestone Aviation Group, the Dublin-based helicopter lessor, for $1.775 billion.

“The Milestone acquisition is a great fit for GE – it combines GECAS’ global reach and 45+ years in leasing commercial jets with a fast-growing helicopter financing platform that will diversify our business and put our capital to work at good returns,” said Keith Sherin, chairman & CEO, GE Capital. “The addition of Milestone will deepen our domain expertise in aviation and oil and gas, two critical GE industries,” Sherin added.

The acquisition is in line with GE Capital’s strategic plan of growing and enhancing value in core areas aligned with GE’s industrial domains including energy, aviation, oil & gas and healthcare, while reducing the overall size of GE Capital through the disposition of non-strategic assets such as the recently executed IPO and planned split-off of our North American Retail Finance business and the sale of our consumer banks in the Nordics.

Helicopter finance represents a fast-growing sector in aviation. Since Milestone’s founding in August 2010 by aviation and leasing industry veteran Richard T. Santulli and other members of the former NetJets executive management team, the company has quickly grown into a leading helicopter leasing company. Today, Milestone’s fleet includes 168 helicopters worth $2.8 billion as well as a strong forward order and option book of $3 billion with a variety of helicopter manufacturers. The helicopters in Milestone’s fleet are primarily used in offshore oil and gas, search and rescue, emergency medical services and mining, as well as other industries, and are currently leased to 31 operators in 25 countries.

“In joining GE Capital, Milestone will continue to operate as we always have – committed to our customers and partners, nimble and entrepreneurial – only with an enhanced ability to offer innovative product solutions in a variety of markets around the globe,” said Richard T. Santulli, chairman and CEO, Milestone Aviation Group. “Four years ago, Milestone pioneered a new industry by providing much-needed capital for high-quality helicopter operators around the world. Thanks to partners like The Jordan Company and Nautic Partners, who have been with us since day one, I am proud to say that our core values of service and commitment to customers and manufacturing partners are stronger than ever and will continue to strengthen going forward.”

Santulli will serve as chairman of the helicopter leasing business and will become an officer of GE. Milestone president Daniel Rosenthal will serve as president of the business, which will continue to operate as “Milestone Aviation Group.” Fellow Milestone co-founding executives John Burns, Robert Thor Dranitzke and Matthew Harris will continue in their current roles, as will the rest of the Milestone team.

“We look forward to working with GE, a clear market leader in multiple related spaces, to achieve new and even greater successes for our customers and partners,” said Rosenthal. “As part of GE, Milestone will continue to operate under the same operating approach and leadership team, only with the added benefit of GE’s resources and capital. We are proud of our team’s incredible accomplishments over these last four years and are thrilled at the knowledge that we’re only just getting started.”

“The Milestone management team is among the most experienced leadership team in aviation financing, having worked together to pioneer the concept of fractional jet ownership with the founding and development of NetJets, then moving on to the creation and phenomenal growth of Milestone. The knowledge and passion they bring to GE will help ensure the success of this business,” said Norm Liu, president & CEO, GECAS.

The transaction remains subject to customary closing conditions, including regulatory approvals, and is targeted to close in 2015.

About GE Capital Aviation Services (GECAS)
GECAS, the U.S. and Irish commercial aircraft financing and leasing business of GE, has a fleet of approximately 1,600 owned and serviced aircraft with over 230 airlines. With 45+ years of industry experience, GECAS is recognized as the pre-eminent airline leasing company in the world, offering a wide range of aircraft types and financing options, including operating leases and secured debt financing. GECAS also provides an ever expanding array of productivity solutions including spare engine leasing, aviation consulting services, and spare parts financing and management. GECAS, a unit of GE Capital, has offices in 23 cities around the world, and services customers in 75+ countries. (www.GECAS.com)

GE (NYSE: GE) works on things that matter. The best people and the best technologies taking on the toughest challenges. Finding solutions in energy, health and home, transportation and finance. Building, powering, moving and curing the world. Not just imagining. Doing. GE works. For more information, visit the company’s website at www.ge.com.

Please sign up to follow us on Facebook (GE Capital Aviation Services) and on Twitter (GECASNews).

About Milestone
Milestone Aviation Group is the world’s leading helicopter leasing company. Since launching in August 2010, and as of September 30, 2014, Milestone has acquired a fleet of 168 helicopters worth US $2.8 billion and supports 31 operators in 25 countries on six continents. The company has a forward order book of 131 firm and option aircraft with an estimated aggregate purchase price of US $3.0 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 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. Further information is available at www.milestoneaviation.com.

# # #

Caution Concerning Forward-Looking Statements

This document contains “forward-looking statements” – that is, statements related to future, not past, events. In this context, forward-looking statements often address our expected future business and financial performance and financial condition, and often contain words such as “expect,” “anticipate,” “intend,” “plan,” “believe,” “seek,” “see,” “will,” or “would.” Forward-looking statements by their nature address matters that are, to different degrees, uncertain. For us, particular uncertainties that could cause our actual results to be materially different than those expressed in our forward-looking statements include: current economic and financial conditions, including volatility in interest and exchange rates, commodity and equity prices and the value of financial assets; potential market disruptions or other impacts arising in the United States or Europe from developments in sovereign debt situations; the impact of conditions in the financial and credit markets on the availability and cost of General Electric Capital Corporation’s (GECC) funding and on our ability to reduce GECC’s asset levels as planned; the impact of conditions in the housing market and unemployment rates on the level of commercial and consumer credit defaults; pending and future mortgage securitization claims and litigation in connection with WMC, which may affect our estimates of liability, including possible loss estimates; our ability to maintain our current credit rating and the impact on our funding costs and competitive position if we do not do so; the adequacy of our cash flows and earnings and other conditions which may affect our ability to pay our quarterly dividend at the planned level or to repurchase shares at planned levels; GECC’s ability to pay dividends to GE at the planned level, which may be affected by GECC’s cash flows and earnings, financial services regulation and oversight, and other factors; our ability to convert pre-order commitments/wins into orders; the price we realize on orders since commitments/wins are stated at list prices; the level of demand and financial performance of the major industries we serve, including, without limitation, air and rail transportation, power generation, oil and gas production, real estate and healthcare; the impact of regulation and regulatory, investigative and legal proceedings and legal compliance risks, including the impact of financial services regulation; our capital allocation plans, as such plans may change including with respect to the timing and size of share repurchases, acquisitions, joint ventures, dispositions and other strategic actions; our success in completing announced transactions and integrating acquired businesses; adverse market conditions, timing of and ability to obtain required bank regulatory approvals, or other factors relating to us or Synchrony Financial could prevent us from completing the Synchrony IPO and split-off as planned; our ability to complete the proposed transactions and alliances with Alstom and realize anticipated earnings and savings; the impact of potential information technology or data security breaches; and numerous other matters of national, regional and global scale, including those of a political, economic, business and competitive nature. These uncertainties may cause our actual future results to be materially different than those expressed in our forward-looking statements. We do not undertake to update our forward-looking statements.

This document includes certain forward-looking projected financial information that is based on current estimates and forecasts. Actual results could differ materially.

 

Contacts:

For GE

Dan Whitney

GE Capital

Aviation Services

777 Long Ridge Rd.

Stamford, CT  06927

1-203-585-2268

dan.whitney@ge.com

 

Sue Bishop

GE Capital

901 Main Avenue

Norwalk, CT 06854

1-203-750-5362 (office)

1-203-253-2735 (mobile)

Susan.bishop@ge.com
For Milestone Aviation Group

Lauren Norelli

Vice President Strategy

Milestone Aviation Group LLC

375 N. Front St. Ste 325

Columbus Ohio 43215

1-614-233-2332

lnorelli@milestoneaviation.com

 

Eric Berman / Nathan Riggs

of Kekst and Company

1-212-521-4898 / 1-212-521-4804

eric-berman@kekst.com / nathan-riggs@kekst.com

The Milestone Aviation Group Limited Announces Confidential Submission of Draft Registration Statement

Dublin, Ireland, September 8, 2014 – The Milestone Aviation Group Limited (“Milestone”) today announced that it has confidentially submitted a draft registration statement on Form S-1 to the U.S. Securities and Exchange Commission (the “SEC”) relating to a proposed initial public offering of Milestone’s common shares. The number of common shares to be offered and the price range for the proposed offering have not yet been determined. The initial public offering is expected to commence after the SEC completes its review process, subject to market and other conditions.

This press release is being made pursuant to, and in accordance with, Rule 135 under the U.S. Securities Act of 1933, as amended.  This press release shall not constitute an offer to sell or the solicitation of an offer to buy securities, nor shall there be any sale of securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

###

Contact:

Lauren Norelli

Vice President Strategy & Investor Relations

Milestone Aviation Group LLC

+1 614 233 2332

MEDIA CONTACTS FOR MILESTONE AVIATION GROUP:

Eric Berman / Nathan Riggs of Kekst and Company +1 212-521-4894 / +1 212-521-4804

eric-berman@kekst.com / nathan-riggs@kekst.com