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

The Milestone Aviation Group Limited Announces Proposed Private Offering of $350 Million of Senior Unsecured Notes

Dublin, Ireland, July 30, 2014 – The Milestone Aviation Group Limited (“Milestone”) today announced that it intends to offer (the “Offering”) $350 million in aggregate principal amount of its Senior Notes due 2017 (the “Notes”). Milestone intends to use the net proceeds of the Offering to pay down a portion of its secured debt. The remainder, if any, of the net proceeds of the issuance will be used for general corporate purposes

The Notes will be senior unsecured obligations of Milestone. The Offering is subject to customary conditions, and there can be no assurances that the Offering will be consummated.

The Notes have not been registered under the Securities Act of 1933, as amended (the “Securities Act”), or the securities laws of any other jurisdiction. As a result, they may not be offered or sold in the United States or to any U.S. persons except pursuant to an applicable exemption from, or in a transaction not subject to, the registration requirements of the Securities Act. The Notes will be offered only to qualified institutional buyers pursuant to Rule 144A under the Securities Act and to non-U.S. persons outside the United States under Regulation S under the Securities Act.

This news release does not constitute an offer to sell, or a solicitation of an offer to buy, any securities. The Offering will be made only by means of the confidential offering memorandum.

Safe Harbor for Forward-Looking and Cautionary Statements

This press release contains forward‑looking statements. Forward‑looking statements involve uncertainties, risks and assumptions, since these statements include information concerning Milestone’s possible or assumed future results business strategies, financing plans and potential growth opportunities.  Forward‑looking statements speak only as of the date they were made, and Milestone undertakes no obligation to update publicly or to revise any forward‑looking statements because of new information, future events or other factors.  In light of the risks and uncertainties described above, the forward‑looking events and circumstances discussed herein might not occur and are not guarantees of future performance.  Milestone’s actual results and performance could differ substantially from those anticipated in its forward-looking statements.

###

Milestone Aviation Group is the world’s largest helicopter leasing company. Since launching in August 2010, and as of March 31, 2014, Milestone has acquired a fleet of 135 helicopters worth US $2.0 billion and supports 25 operators in 23 countries on six continents. The company has a forward order book of 145 firm and option aircraft with an estimated aggregate purchase price of US $3.4 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. Further information is available at www.milestoneaviation.com.

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

Ozan Kaya / Treasurer of Milestone Aviation Group +1 614 233-2337

Airbus Helicopters Delivers Three Workhorse EC2225s to Milestone Aviation Group for African Oil and Gas Operations by SonAir

June 5, 2014

Airbus Helicopters Press Release
788501899922267

The worldwide fleet of EC225s that perform heli-lift duties for oil and gas operators has increased by three with Airbus Helicopters’ triple delivery of workhorse rotorcraft acquired by Milestone Aviation Group and leased to SonAir – an African operator – which will utilize them in Angola.

The handover ceremony in Marignane, France marked the latest such EC225 deliveries by Airbus Helicopters, with these rotorcraft expanding SonAir’s operating fleet, which already includes 12 EC225s, four AS332 L2s and three AS365 N3s.

Underscoring the importance of the event were the attendance of SonAir CEO João Andrade; a team of representatives from Milestone Aviation Group, a global leader in helicopter leasing; along with a representative of the oil and gas company as the end-user.

“This event celebrates our first deliveries to Milestone, emphasizing the EC225’s importance within the expanding helicopter leasing market,” said Airbus Helicopters CEO Guillaume Faury. “It also highlights the confidence SonAir accords to the EC225 as a powerful, and highly capable, helicopter for the most demanding missions.”

The helicopters delivered yesterday are part of Milestone Aviation’s record orders with Airbus Helicopters for 30 total EC225s, which were announced in 2012 and 2013.

“We are excited to commence a relationship with SonAir, Africa’s largest offshore oil and gas operator, with these three EC225s” explained Milestone Aviation’s managing director Robert Dranitzke. “As a true workhorse in offshore oil and gas operations, the EC225 continues to demonstrate its capability in the most demanding operational conditions – from the North Sea and Gulf of Mexico to Africa – and we are confident these aircraft will serve SonAir and its customers well in the years to come.”

SonAir is a subsidiary of the Sonangol Group, a structured aviation service provider in Angola, and the largest African helicopter operator. Its inventory of helicopters and fixed-wing aircraft provide services to major oil and gas companies as its core business.

“By further growing our EC225 fleet, SonAir’s customers will benefit from the performance delivered by this helicopter,” added SonAir’s Andrade. “The EC225 has become a mainstay of our operations, and proves its capabilities every day.”

The EC225 is Airbus Helicopters’ latest version of its Super Puma family, providing a high-performance rotorcraft in the 10-11 metric ton category. This heavy twin-engine helicopter’s modern technologies, excellent useful load, five-blade main rotor and low vibration levels make it an efficient solution for oil and gas missions – including offshore and passenger transport as well as search and rescue (SAR) operations.

Milestone Aviation Group Surpasses US $2.2 Billion in Helicopters

Industry Leader Also Has an Additional US$ 3.0 Billion in Forward Orders

ANAHEIM, CA, USA, February 24, 2014 – Milestone Aviation Group, the global leader in helicopter leasing, today provided an operating update to the market in advance of Helicopter Association International’s Heli-Expo which includes information as of December 31, 2013.

Milestone’s fleet, which ranges from light-single to heavy-twin helicopters, now includes 143 aircraft valued at more than US $2.2 billion. The aircraft are leased to helicopter operators providing mission-critical services to offshore oil and gas, emergency medical services, search and rescue and other utility missions. The fleet, which has an average age of less than three years, is comprised of aircraft from original equipment manufacturers (OEM’s) Sikorsky, Bell, Airbus Helicopters and AgustaWestland. The company has leases with 26 world-class operating partners working in over 20 countries on six continents.

Additionally, Milestone has firm and option orders with AgustaWestland, Airbus Helicopters and Sikorsky for over 130 helicopters valued at over US $3.0 billion at list prices delivering over the next five years. Milestone’s order book allows them to provide increased value to their partners by offering near-term delivery positions of in-demand aircraft.

Milestone Chairman and CEO Richard Santulli said, “Our strong growth has continued through 2013 and into 2014, and we are excited about our company’s future. We are incredibly thankful for the support we have received from our partners in the operating community, the OEM’s, service providers and financial institutions and investors who have made our growth possible. I am particularly proud of our team’s performance in delivering value and service to our customers. We look forward to providing additional capital, helicopters and ancillary support services to high-quality helicopter operators around the world.”

The company executed ten new financing facilities totalling US $2.2 billion in 2013. These facilities tapped multiple markets, including bank lending, life insurance companies and the Export-Import Bank of the United States.  Some highlights include the first Ex-Im backed bond for the helicopter market, a US $600 million secured revolver, a US $200 million unsecured revolver, a US $80 million PDP facility and a US $575 million private placement with an investment grade corporate rating from Kroll. Milestone now has more than 40 financing partners and ample resources to execute its business plan.

###

Notes to the Editor:

ABOUT MILESTONE AVIATION GROUP

Milestone Aviation Group is the global leader in helicopter leasing. Since launching in August 2010, and as of December 31, 2013, Milestone has acquired 143 aircraft valued at over US $2.2 billion and closed leases with 26 operators in over 20 countries on six continents. The company has a forward order book of over 130 firm and option aircraft valued at over 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 100 per cent operating 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.

This press release contains forward‐looking statements. Forward‐looking statements involve uncertainties, risks and assumptions, since these statements include information concerning Milestone’s possible or assumed future results or performance, operations, business strategies, financing plans and potential growth opportunities. Forward‐looking statements speak only as of the date they were made, and Milestone undertakes no obligation to update publicly or to revise any forward‐looking statements because of new information, future events or other factors. In light of the risks and uncertainties described above, the forward‐looking events and circumstances discussed herein might not occur and are not guarantees of future performance. Milestone’s actual results and performance could differ substantially from those anticipated in its forward‐looking statements.

MEDIA CONTACTS FOR MILESTONE AVIATION GROUP:

Eric Berman / Nathan Riggs of Kekst and Company

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

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

Milestone Aviation Group and SonAir Initiate Long-Term Partnership with Three Airbus Helicopter EC225’s

New Helicopters from Record Order to Join SonAir Oil and Gas Fleet in Angola

Anaheim, California, 26 February 2014 – Today at Airbus Helicopters’ stand at the Heli-Expo exhibition, Milestone Aviation Group, the global leader in helicopter leasing, and SonAir, the largest African helicopter operator and a subsidiary of the Angolan national oil company Sonangol, announced that three of Milestone’s record order for 30 of Airbus Helicopters’ EC225’s will begin performing airlift duties for Angola’s oil and gas sector.

The arrangements announced today are part of a newly launched, long-term partnership between Milestone and SonAir to continue serving the oil and gas industry in the region.

Deliveries of the new EC225s are planned during the first and second quarters of 2014, with the helicopters joining Airbus Helicopters-built EC225, AS332 L2 and AS365 N3 rotorcraft already in the SonAir fleet.

“As the largest African oil and gas helicopter operator, we rely on the EC225, with its range, capacity and overall performance, to perform challenging missions in tropical environments. This transaction for near-term EC225 deliveries allows us to maintain our leadership position in the offshore oil and gas market,” said SonAir CEO João Andrade. “Milestone has provided us with customized, flexible terms on operating leases for EC225’s that meet our needs, allowing us to fulfill the requirements of our customers, delivering value and operational leverage for our company.”

Milestone Aviation Group is headquartered in Dublin, Ireland, and has concluded more than US$ 2.0 billion in lease transactions with customers that range from the largest global helicopter users to small- and mid-sized operators.

“SonAir is one of the world’s great helicopter operators and Angola is an important and growing region for offshore oil and gas production,” said Milestone Chairman and CEO Richard Santulli. “We are proud to announce what we intend to be a long and mutually beneficial partner with SonAir. It is a testament to the global demand and desirability of the EC225 and our strong relationship with Airbus Helicopters that we are able to meet SonAir’s requirements and initiate our partnership at this time.”

The EC225 is Airbus Helicopters’ latest version in its Super Puma family, providing a high-performance rotorcraft in the 10-11 metric ton category.  This heavy twin-engine helicopter’s modern technologies, excellent useful load, five-blade main rotor and low vibration levels make it an efficient solution for oil and gas missions – including offshore and passenger transport as well as search and rescue (SAR) operations.

“This leasing arrangement with SonAir is another endorsement of the EC225’s capabilities to serve in the most demanding operating environments,” added Dominique Maudet, Airbus Helicopters’ Executive Vice President Global Business and Services.  “Worldwide, some 30 different companies are flying the EC225, with the helicopter logging over 300,000 flight hours to date.”

About SonAir (www.sonair.co.ao)

SonAir Serviço Aereo, SA, a subsidiary of Sonangol Group, is a structured aviation operator in Angola, using both helicopters and planes, providing services to all major Oil&Gas companies as its core business and also to the State as complementary business. SonAir started as an aviation department and today, after 30 years in the industry operates a fleet of over 25 helicopters. SonAir´s mission is to provide safe and reliable air transportation services, assuring an optimal economic balance. SonAir is today the largest African helicopter operator and 90% of the fleet is dedicated to the Oil and Gas, flying both offshore and onshore. The onshore flying is also supported by fixed wing activity. The workforce rounds about 1000 employees, mainly nationals: the expat workforce is less than 15%. Internationally, SonAir also offers a closed charter, direct service from the US to Angola dedicated to the Energy industry. Our vision is to be the leading operator of air transportation in support of the national Oil and Gas Industry, with regional expansion, acting safely, with quality and competitively.

About Milestone Aviation Group (www.milestoneaviation.com)

Milestone Aviation Group is the world’s largest helicopter leasing company. Since launching in August 2010, and as of March 31, 2014, Milestone has acquired a fleet of 135 helicopters worth US $2.0 billion and supports 25 operators in 23 countries on six continents. The company has a forward order book of 145 firm and option aircraft with an estimated aggregate purchase price of US $3.4 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. Further information is available at www.milestoneaviation.com.

This press release contains forward-looking statements. Forward-looking statements involve risks and uncertainties, since these statements include information concerning future results and performance, plans or strategies. Forward-looking statements speak only as of the date they were made, and Milestone undertakes no obligation to update any forward-looking statements. In light of these risks and uncertainties, actual results and performance could differ substantially from current expectations.

About Airbus Helicopters (www.airbushelicopters.com)

Airbus Helicopters, formerly Eurocopter, is a division of Airbus Group, a global pioneer in aerospace and defense related services. Airbus Helicopters is the world’s No. 1 helicopter manufacturer and employs more than 23,000 people worldwide. With 46 percent market share in civil and parapublic sectors, the company’s fleet in service includes some 12,000 helicopters operated by more than 3,000 customers in approximately 150 countries. Airbus Helicopters’ international presence is marked by its subsidiaries and participations in 21 countries, and its worldwide network of service centers, training facilities, distributors and certified agents. Airbus Helicopters’ range of civil and military helicopters is the world’s largest; its aircraft account for one third of the worldwide civil and parapublic fleet. The company’s chief priority is to ensure the safe operation of its aircraft for the thousands of people who fly more than 3 million hours per year.

For more information please contact:

MEDIA CONTACTS FOR AIRBUS HELICOPTERS:

Stéphane Chéry                                                                  Lisa Dimino

Tel: + 33 (0)4 42 85 60 51+ 33 (0)4 42 85 60 51                                                   Tel: + 33 (0)4 42 85 51 31+ 33 (0)4 42 85 51 31

Mob: + 33 (0)6 23 93 71 23+ 33 (0)6 23 93 71 23                                                Mob: + 33 (0)6 99 07 13 50+ 33 (0)6 99 07 13 50

stephane.chery@eurocopter.com                                      lisa.dimino@eurocopter.com

Heather Couthaud                                                               Gloria Illas

Tel: + 33 (0)4 42 85 59 64+ 33 (0)4 42 85 59 64                                                   Tel: + 33 (0)4 42 85 58 89+ 33 (0)4 42 85 58 89

heather.couthaud@eurocopter.com                                   Mob: +33 (0) 6 31 47 08 99+33 (0) 6 31 47 08 99

gloria.illas@eurocopter.com

Julia Sailer                                                                           Priscilla Yip

Tel: + 49 (0)906 71 2129                                                     Tel: +65 6592 7217+65 6592 7217

Mob: + 49 (0) 151 26 45 09 97+ 49 (0) 151 26 45 09 97                                           Mob: +65 9660 7040+65 9660 7040

Julia.sailer@eurocopter.com                                              Priscilla.yip@eurocoptersea.com.sg

MEDIA CONTACTS FOR MILESTONE AVIATION GROUP:

Eric Berman / Nathan Riggs of Kekst and Company

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

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

 

Milestone Aviation Group Leases World’s First Operational Sikorsky S-76D Helicopter to Trinidad and Tobago’s National Helicopter Services Limited

ANAHEIM, CA, USA, February 25, 2014 – Milestone Aviation Group, the global leader in helicopter leasing, announced today at Helicopter Association International’s Heli-Expo that it has financed the delivery of a Sikorsky S-76D to Trinidad and Tobago’s National Helicopter Services Limited (NHSL). The NHSL, which is a joint venture between the Government of Trinidad and Tobago and The National Gas Company of Trinidad and Tobago, is the largest helicopter operator in Trinidad and Tobago. The company will use the helicopter to provide offshore services to Repsol, the multinational energy company that operates several natural gas platforms off the coast of Trinidad. This is the first S-76D ever to be put into commercial operation and it is the first delivery from Milestone’s order of 20 firm and option S-76Ds.

“We are delighted to celebrate our partnership with NHSL with the first lease of the world’s first commercially operating S-76D,” said Walter Horsting, Milestone Senior Vice President. “It’s easy to see why there has been such tremendous demand for this aircraft. The 76D builds on Sikorsky’s highly regarded S-76 series and is ideally suited for these types of offshore operations. We are pleased to work with such a first-class operator as the NHSL as they continue to expand their fleet.”

“We are very excited to work with Milestone to add this state-of-the-art aircraft to our growing fleet,” said Joshey Mahabir, General Manager of NHSL. “As the largest operator in Trinidad and Tobago with a firm commitment to safety, we look forward to enhancing our service for our clients at Repsol.”

This is the seventh helicopter in NHSL’s all-Sikorsky fleet. In addition to this new S-76D, the service also operates three S-76A and three S-76C aircraft.

The latest in the highly successful Sikorsky S-76 family of helicopters, the S-76D delivers the same safety, reliability and efficiency as its predecessors, but with faster cruise speed and a more efficient fuel burn. The S-76D baseline equipment includes powerful and efficient Pratt & Whitney Canada PW210S engines; an advanced THALES TopDeck® integrated avionics system and four-axis autopilot; Health and Usage Monitoring System (HUMS) incorporated into fleet monitoring and analysis through Sikorsky Aerospace Services; active vibration control; and all-composite, flaw-tolerant main rotor blades. A Rotor Ice Protection System (RIPS) for all-weather capability will be available as an option.

The Milestone lease is fully backed by Sikorsky’s comprehensive Parts-by-the-Hour (PBH) and Parts Replacement programs.

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Notes to the Editor:

ABOUT MILESTONE AVIATION GROUP

Milestone Aviation Group is the global leader in helicopter leasing. Since launching in August 2010, and as of December 31, 2013, Milestone has acquired 143 aircraft valued at over US$ 2.2 billion and closed leases with 26 operators in over 20 countries on six continents. The company has a forward order book of over 130 firm and option aircraft valued at over US$ 3.0 billion. These delivery positions of in-demand helicopters are made available for lease globally. Milestone partners with helicopter operators worldwide and supports them through 100 per cent operating 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.

This press release contains forward‐looking statements. Forward‐looking statements involve uncertainties, risks and assumptions, since these statements include information concerning Milestone’s possible or assumed future results or performance, operations, business strategies, financing plans and potential growth opportunities. Forward‐looking statements speak only as of the date they were made, and Milestone undertakes no obligation to update publicly or to revise any forward‐looking statements because of new information, future events or other factors. In light of the risks and uncertainties described above, the forward‐looking events and circumstances discussed herein might not occur and are not guarantees of future performance. Milestone’s actual results and performance could differ substantially from those anticipated in its forward‐looking statements.

MEDIA CONTACTS FOR MILESTONE AVIATION GROUP:

Eric Berman / Nathan Riggs of Kekst and Company

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

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

 

Pratt and Whitney Canada and Milestone Aviation Group Sign US$ 75 Million, 15-Year Deal for New Helicopter Engine Fleet Management Program

ANAHEIM, CA (February 27, 2014)—Pratt & Whitney Canada (P&WC), a United Technologies Corporation company (NYSE:UTX), and Milestone Aviation Group, a global leader in helicopter leasing, today announced a US$ 75 million, 15-year agreement under which P&WC will offer its Flexible Turboshaft Engine Fleet Management program to Milestone customers.

The agreement, signed today at HAI Heli-Expo, will provide P&WC’s customized engine maintenance support to helicopter operators worldwide leasing through Milestone. Initially 25 helicopters with P&WC PT6C-67C engines will be covered under the fleet management program with the intent to expand the scope to include PW210S, PW210A, PT6C-67E, PT6B-37A, PT6T and PW207C engine models in the future.

“With more than 3,700 P&WC-powered helicopters flying globally, the helicopter market is a vital part of our portfolio and effectively supporting the needs of these operators is paramount,” said John Di Bert, Vice President, Customer Service, P&WC. “We are particularly excited to join forces with Milestone – a market leader that leverages both its scale and its deep operating expertise to provide its customers with unique benefits.  Together, we will deliver a fleet management program that is tailored specifically for individual operators and provides the peace of mind and predictability of guaranteeed future maintenance costs.”

The engine fleet management program will also offer helicopter operators who lease through Milestone a turnkey contractual framework that easily facilitates enrollment.

“The agreement to deliver P&WC’s fleet management program to helicopter lessees is a testament to our mission to provide unique solutions to our customers that help preserve their capital, reduce their risk and improve their cash flow,” said Matthew Harris, Chief Operating Officer, Milestone Aviation Group. “Pratt & Whitney Canada shares our passion for delivering exceptional customer service. Backed by their 40 years of Turboshaft engine expertise, we have created a flexible offering that best meets the support requirements of the growing number of operators benefiting from helicopter leasing.”

The longstanding relationship between P&WC and Milestone, which started with the first contracted PW206C in 2010, has expanded to include more than 160 P&WC engines across all variants.

About Pratt & Whitney Canada (P&WC)

Founded in 1928 and a global leader in aerospace, P&WC is shaping the future of aviation with dependable, high-technology engines. Based in Longueuil, Quebec (Canada), P&WC is a wholly owned subsidiary of United Technologies Corp. (UTC). UTC is a diversified company that provides a broad range of high-technology products and services to the global aerospace and building systems industries.

About Milestone Aviation Group

Milestone Aviation Group is the global leader in helicopter leasing. Since launching in August 2010, and as of December 31, 2013, Milestone has acquired 143 aircraft valued at over US$ 2.2 billion and closed leases with 26 operators in over 20 countries on six continents. The company has a forward order book of over 130 firm and option aircraft valued at over US$ 3.0 billion. These delivery positions of in-demand helicopters are made available for lease globally. Milestone partners with helicopter operators worldwide and supports them through 100 per cent operating 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.

This press release contains forward‐looking statements. Forward‐looking statements involve uncertainties, risks and assumptions, since these statements include information concerning Milestone’s possible or assumed future results or performance, operations, business strategies, financing plans and potential growth opportunities. Forward‐looking statements speak only as of the date they were made, and Milestone undertakes no obligation to update publicly or to revise any forward‐looking statements because of new information, future events or other factors. In light of the risks and uncertainties described above, the forward‐looking events and circumstances discussed herein might not occur and are not guarantees of future performance. Milestone’s actual results and performance could differ substantially from those anticipated in its forward‐looking statements.

##

For more information:

MEDIA CONTACT FOR PRATT & WITHNEY CANADA

Catherine Fisette, P&WC

450-647-7-9411 7-7074

catherine.fisette@pwc.ca

www.pwc.ca

Follow us on Twitter at https://twitter.com/pwcanada for the latest news and updates.

MEDIA CONTACTS FOR MILESTONE AVIATION GROUP

Eric Berman / Nathan Riggs of Kekst and Company

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

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