Milestone Aviation Group Signs Contract to Purchase Eight New-Generation AgustaWestland Helicopters as Part of Landmark Framework Agreement

ANAHEIM, CA, USA, February 27, 2014 – Milestone Aviation Group, the global leader in helicopter leasing, together with AgustaWestland, a Finmeccanica company, announced today at Helicopter Association International’s Heli-Expo that they have signed a purchase contract for eight new-generation AgustaWestland helicopters as part of the companies’ landmark framework agreement. The framework agreement was initially announced in September 2013. The contract for five AW139 and three AW189 helicopters will deliver by year-end 2014. The framework agreement, which covers 44 firm and option aircraft delivering over the next four years, when fully executed, represents the largest civilian helicopter sale in AgustaWestland history.

“We are pleased to expand our partnership with AgustaWestland across its family of aircraft,” said Milestone’s Chairman and CEO Richard Santulli. “We believe that the AW189 is going to serve an important role in passenger transport for the offshore oil and gas industry and search and rescue, so we are excited to be one of the launch customers for this state-of-the-art rotorcraft.”

“As the world’s largest helicopter lessor, Milestone has cultivated customer relationships on six continents giving us the confidence that they can lease this level of AgustaWestland equipment,” said AgustaWestland CEO Daniele Romiti. “Our partnership with Milestone provides operators with another way to gain access to AgustaWestland’s product line, allowing them to experience the tremendous benefits offered from the commonalities across the AW139, AW169 and AW189 family.”

The framework order is comprised of AW169 light intermediate, AW139 intermediate, and AW189 eight-ton class twin-engine helicopters.

Milestone had 31 AgustaWestland aircraft in its fleet as of December 31, 2013. These aircraft are on lease to operators in Asia, Australia, Europe and the Americas serving the offshore oil and gas, emergency medical service and search and rescue industries. The new aircraft will be made available for lease to Milestone’s partners and operators globally.

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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.

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

FOR AGUSTAWESTLAND:

Lauren Slepian

+ 1 267-357-0739

Lauren.Slepian@agustawestland.com

 

PARTNERSHIP BETWEEN MILESTONE AVIATION GROUP AND TURBOMECA ACHIEVES LANDMARK

Strong, Growing Partnership Provides Significant Benefits to Helicopter Industry

ANAHEIM, CA, USA, February 26, 2014 – Less than one year after launching a first-of-its-kind partnership offering unique services to Milestone customers, helicopter engine manufacturer Turbomeca (Safran) and Milestone Aviation Group, the global leader in helicopter leasing, celebrated a landmark with the announcement that the Milestone fleet has surpassed 100 Turbomeca engines. As of December 31, 2013, the Milestone fleet included 106 Turbomeca engines with an additional 56 engines on firm and option order.  This unprecedented growth gives Milestone customers unique benefits and value associated with this level of scale.

By leasing Turbomeca powered products through Milestone, customers can better control their maintenance costs and maximize the availability of their aircraft through the novel engine support solutions made available through the relationship – including access to Turbomeca’s Support by the Hour (SBH) program.

“Turbomeca manufactures exceptional products and cares greatly about serving the market and its customers,” said Milestone Chairman and CEO Richard Santulli. “When we launched this partnership, Turbomeca joined us in developing innovative ways to deliver high levels of service and customer support to small and mid-sized helicopter operators that are typically only made available to large-fleet operators. We look forward to working with Turbomeca as we continue to deliver increased value to Milestone lessees for years to come.”

“Our first year of partnership with Milestone has delivered clear value to our organizations and the helicopter lessees for whom it was designed” said Olivier Andries, Chairman and CEO of Turbomeca. “Through facilitating access to our SBH program and preferred access to the Turbomeca pool of assets we have enhanced aircraft serviceability and availability of the latest-standard engines”.

“We would like to congratulate Milestone for their exceptional growth and thank them for having chosen Turbomeca as their first engine partner. We are excited to pursue our collaboration and answer the needs of the market through innovative engine and support solutions.”

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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.

ABOUT TURBOMECA (SAFRAN)

Turbomeca (Safran) is the leading helicopter engine manufacturer, and has produced 70,000 turbines based on its own designs since the company was founded. Offering the widest range of engines in the world and dedicated to 2,500 customers in 155 countries, Turbomeca provides a proximity service thanks to its 17 sites, 28 Certified Maintenance Centers, 18 Repair & Overhaul Centers, and 90 Field representatives and Field technicians. Microturbo, the subsidiary of Turbomeca, is the European leader in turbojet engines for missiles, drones and auxiliary power units. For more information: www.turbomeca.com and www.safran-group.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 / +1 212-521-4804

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

MEDIA CONTACTS FOR TURBOMECA:

Bettina FREY, Communications

+33 (0)5 59 12 53 66

www.turbomeca.com

Milestone Aviation Group Signs Contract with Sikorsky Aircraft Corporation to Purchase Eight Additional S-92® Helicopters

Milestone’s S-92 Order Book Now at 37 Units Valued at More Than US$ 1.2 Billion

ANAHEIM, CA, USA, Feb. 25, 2014 – Milestone Aviation Group, the global leader in helicopter leasing, and Sikorsky Aircraft Corporation announced today at Helicopter Association International’s Heli-Expo that Milestone has increased its S-92 order book by eight units. Sikorsky is a subsidiary of United Technologies Corp. (NYSE:UTX).

Milestone is already one of the world’s largest S-92 owners and with today’s announcement, it has increased its firm and option S-92 orders to 37 aircraft valued at more than US$ 1.2 billion. The forward orders are scheduled to deliver over the next five years with 15 scheduled for completed delivery in 2014 and 2015; more than half of which are already on lease or under letter of intent.

“The S-92 is a great helicopter and vital component of the offshore oil-and-gas, and the search-and-rescue markets,” said Milestone’s Chairman and CEO Richard Santulli. “We are pleased to expand our partnership with Sikorsky with these eight additional units. This will allow us to serve helicopter operators around the world with near-term delivery positions of this highly sought-after aircraft.”

“Milestone has quickly become one of our largest and fastest-growing customers,” said Carey Bond, president, Sikorsky’s Commercial Systems & Services. “This innovative company has provided a valuable service to the helicopter community in the form of 100% financing and near-term delivery positions of the world’s most in-demand, heavy-twin helicopter, the S-92. We are excited to grow our partnership with this order for eight more.”

Milestone already has 73 Sikorsky aircraft in its fleet today, including 45 S-92’s and 28 S-76 family aircraft including four of the brand new S-76D aircraft. These aircraft are on lease to operators in Asia, Australia, Europe, North America and South America serving the offshore oil and gas, search and rescue and emergency medical service industries. The new aircraft will enter into service globally in support of Milestone’s lessees serving offshore oil and gas transportation services, helicopter-based emergency medical service (HEMS), search and rescue (SAR), para-public and other utility missions.

Since entering service in September 2004, the S-92 has become one of the world’s leading helicopters.  Worldwide, more than 200 of the aircraft have logged more than 600,000 flight hours to date. Offshore oil operators fly the aircraft for an average of 90–110 hours per month in often challenging conditions. In addition to serving the offshore oil segment, the S-92 helicopter performs Head of State missions, search and rescue (SAR) operations as well as a variety of transportation missions for utility and airline passengers.

The aircraft incorporates numerous safety features, including a flaw-tolerant design. It was certified to harmonized Federal Aviation Administration, European Aviation Safety Agency and Transport Canada Part 29 requirements, as amended through Amendment 29-47, and remains the only aircraft in its class that is certified to this rigorous airworthiness standard without exception or waiver.

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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.

ABOUT SIKORSKY AIRCRAFT CORPORATION

Sikorsky Aircraft Corp., based in Stratford, Conn., is a world leader in helicopter design, manufacture and service. United Technologies Corp., based in Hartford, Conn., provides a broad range of high technology products and support services to the aerospace and building systems industries worldwide.

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 / +1 212-521-4804

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

MEDIA CONTACT FOR SIKORSKY AIRCRAFT CORPORATION:

Callie Ferrari / Communications Manager

Sikorsky Aircraft Corporation

+1 203-383-7150

Callie.Ferrari@Sikorsky.com

Milestone Aviation Group Closes US$ 200 Million Unsecured Revolving Credit Line

Dublin, Ireland (January 9, 2014) – Milestone Aviation Group, the global leader in helicopter leasing, announced today that it has closed on an unsecured US$ 200 million revolving credit line. The new facility increases Milestone’s unsecured borrowing capacity to US$ 450 million and revolving borrowing capacity to US$ 800 million. Today’s announcement follows on the heels of the company’s January 7, 2014 announcement that it had successfully completed the private placement of US$ 575 million of senior secured notes.

“This revolver increases Milestone’s liquidity and provides greater financial flexibility to exploit the many opportunities we see to grow our business and serve our customers,” said Milestone’s Chairman and CEO Richard Santulli. “We believe that receiving this level of support in an unsecured facility from such an impressive group of financing partners reflects confidence in Milestone and our business model. We will use these additional resources to respond quickly to the needs of our operating partners around the world.”

A global mix of seven lenders participated in the facility. SunTrust Robinson Humphrey, Inc. served as Joint Lead Arranger and Sole Bookrunner and JPMorgan Securities LLC and Deutsche Bank Securities Inc. served as Joint Lead Arrangers. The other participating lenders include: Jefferies Finance LLC; Nomura Corporate Funding Americas, LLC; Bank of America, N.A.; and The Huntington National Bank.

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Notes to the Editor:

ABOUT MILESTONE AVIATION GROUP

Milestone Aviation Group is the global leader in helicopter leasing. The company partners with helicopter operators worldwide and supports them through 100 per cent operating lease financing. Milestone 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. Since launching in August 2010, and as of September 30, 2013, Milestone had acquired more than 115 helicopters valued at over US$ 1.7 billion and closed leases with 25 operators in over 20 countries on six continents. 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 / +1 212-521-4804

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

Milestone Aviation Group Completes US$ 575 Million Private Placement Debt Financing

Dublin, Ireland (January 7, 2014) – Milestone Aviation Group, the global leader in helicopter leasing, announced today that it has successfully completed the private placement of US$ 575 million of senior secured notes. The company intends to use the proceeds to fund the continued expansion of its business and to refinance existing debt.

The senior secured notes, which have an average maturity of 8 years with tranches of 7 to 10 years, was upsized to US$ 575 million from the original offering size of US$ 300 million to satisfy investor demand. Seventeen investors participated in the private placement, sixteen of which are new to Milestone.

“We believe the investment community’s strong support for this offering is further validation of our business model,” commented Daniel Rosenthal, Milestone’s President. “Through this private placement, we have extended debt maturities, reduced interest rate exposure and further diversified funding sources, positioning Milestone to continue delivering for our operating partners for years to come.”

As announced in October, Kroll Bond Rating Agency assigned Milestone an investment-grade issuer rating of “BBB” with a stable outlook. The offering of senior secured notes was rated “BBB+” by Kroll Bond Rating Agency.

Merrill Lynch, Pierce, Fenner & Smith Incorporated (“Merrill”) served as Sole Bookrunner and Lead Placement Agent.

Deutsche Bank AG, London Branch (“DB”) and Nomura Securities International, Inc. (“Nomura”) served as Co-Lead Placement Agents; and Merrill, DB, Nomura, The Huntington Investment Company and SunTrust Robinson Humphrey, Inc. served as Co-Placement Agents.

The senior secured notes have not been registered under the Securities Act of 1933, as amended (the “Securities Act”), and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act. This press release shall not constitute an offer to sell or the solicitation of an offer to buy the senior secured notes, nor shall it constitute an offer, solicitation or sale in any jurisdiction in which, or to any person to whom, such an offer, solicitation or sale is unlawful.

###

Notes to the Editor:

ABOUT MILESTONE AVIATION GROUP

Milestone Aviation Group is the global leader in helicopter leasing. The company partners with helicopter operators worldwide and supports them through 100 per cent operating lease financing. Milestone 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. Since launching in August 2010, and as of September 30, 2013, Milestone had acquired more than 115 helicopters valued at over US$ 1.7 billion and closed leases with 25 operators in over 20 countries on six continents. 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 / +1 212-521-4804

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

Kroll Bond Rating Agency Assigns Issuer Rating of BBB to The Milestone Aviation Group Limited

NEW YORK, NY (October 30, 2013) – Kroll Bond Rating Agency (KBRA) has assigned an issuer rating of BBB with a stable outlook to The Milestone Aviation Group Limited (“Milestone,” “MAG,” or “the company”), a global commercial helicopter leasing company based in Dublin, Ireland.

MAG, which was founded in August 2010, provides helicopters to oil and gas, emergency medical service, search and rescue and other utility operators across the globe. While the commercial helicopter leasing industry is in its infancy and is only beginning to see the emergence of competition, MAG has a significant advantage over newer entrants in terms of scale and senior management relationships with helicopter operators and manufacturers.

The BBB issuer rating of MAG reflects the following: 1) the company’s strong market position as the leader in the helicopter leasing and financing niche; 2) its strong management and forward-looking strategy for helicopter acquisitions; 3) the economic strength of its core market – oil and gas production; and 4) the strength of helicopters, an asset class with strong residual value. The rating also reflects the limited income and cash flow associated with MAG’s short operating history, the potential for competitors to challenge the company’s market position, and MAG’s somewhat high level of asset encumbrance.

The rating was assigned using KBRA’s Finance Company Rating
Methodology, published April 1, 2013.

Contacts:

Marjan Riggi, Senior Director
mriggi@krollbondratings.com 646-731-2354

Ben Stewart, Vice President, Senior Financial Analyst
bstewart@krollbondratings.com 240-394-4145

Gregory Root, Managing Director
groot@krollbondratings.com 646-731-2381

Milestone Aviation Group Finances Sloane Helicopters’ Lease of AgustaWestland AW109SP for The Air Ambulance Service

Dublin, Ireland (October 22, 2013) – Milestone Aviation Group, the global leader in helicopter leasing, announced today that it has financed the delivery of an AgustaWestland AW109 GrandNew to Sloane Helicopters. Sloane, a UK-based provider of helicopter sales and services, will use the helicopter for the UK’s East Midland Helicopter Emergency Medical Service (HEMS), the Derbyshire, Leicestershire & Rutland Air Ambulance (DLRAA). This is the first HEMS-equipped helicopter that Milestone has leased in the United Kingdom – a HEMS market entirely funded by charitable organisations.

“We are proud to partner with Sloane Helicopters and support their vital work with The Air Ambulance Service,” said Robert Thor Dranitzke, Milestone’s Managing Director. “Sloane Helicopters provide an invaluable service to the communities it serves. We are delighted to help support their critical mission.”

“Milestone has proven to be a strong partner, offering us 100% operating lease financing and flexible terms to meet our requirements,” said Jeremy Awenat, Sloane’s Managing Director. “Their support was essential to ensure Sloane Helicopters and The Air Ambulance Service could provide this life-saving service for patients.”

Sloane was awarded a six-year contract with The Air Ambulance Service to support the DLRAA. The HEMS AgustaWestland AW109SP GrandNew is equipped with a number of technologically advanced features which increase safety and reduce pilot workload.

The Air Ambulance Service provides two HEMS – the DLRAA and the Warwickshire & Northamptonshire Air Ambulance (WNAA) – as well as the first and only dedicated helicopter emergency transfer service for seriously ill children and babies in England and Wales, The Children’s Air Ambulance. The Charity receives no Government funding, and relies entirely on public donations and support from the local community. For more information about The Air Ambulance Service please contact Krysten Swindells, Head of Marketing and Communications: Krysten.swindells@theairambulanceservice.org.uk.

* * *

About Milestone Aviation Group:

Milestone Aviation Group is the global leader in helicopter leasing. The company partners with helicopter operators worldwide and supports them through 100 per cent operating lease financing. Milestone 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. Since launching in August 2010, Milestone has acquired more than 100 helicopters valued at over $1.5 billion and closed leases with 22 operators in over 20 countries on six continents. Further information is available at www.milestoneaviation.com.

MILESTONE MEDIA CONTACTS:
Eric Berman / Nathan Riggs of Kekst and Company
+1 212 521 4894 / +1 212 521 4804

AgustaWestland and Milestone Aviation Group Agree Historic Multi-aircraft Framework Agreement

DUBLIN, IRELAND, September 25, 2013 – Milestone Aviation Group, the global leader in helicopter leasing, today announced at Helitech International that they have agreed a multi-aircraft, multi-year Framework Agreement with AgustaWestland for the purchase of a significant number of helicopters in a combination of the AW169, AW139 and AW189 models from the AgustaWestland Family of new generation helicopters. These aircraft will enter into service globally in support of Milestone’s lessees serving offshore oil and gas transportation services, HEMS, SAR, para-public and other utility missions. When fully executed the Framework Agreement will be the largest civilian helicopter sale in AgustaWestland history.

“Our Agreement with AgustaWestland enables Milestone to continue to expand globally and to provide our customers with near-term deliveries of the state-of-the-art rotorcraft that they require,” said Milestone’s Chairman and CEO Richard Santulli. “We have experienced strong demand for AgustaWestland aircraft, so we are thrilled to be expanding our partnership to provide operators around the world with access to their world-class equipment.”

“Our partnership with Milestone, a world-class, leading player in helicopter leasing, speaks volumes to the growing market demand and success of the AW169, AW139, and AW189 family of aircraft,” said Daniele Romiti, Chief Executive Officer, AgustaWestland. “We are excited to be working with Milestone to provide operators around the world with greater access to our aircraft through 100% operating lease financing.”

Milestone Aviation Group has 18 AgustaWestland aircraft in its fleet today. These aircraft are on lease to operators in Asia, Australia, Europe and the Americas serving the offshore oil and gas and emergency medical service industries. The company has an additional 8 AgustaWestland aircraft under letter of intent all of which should deliver and be on lease within the next 12 months. These figures do not take into account the additional demand Milestone expects as a result of this Framework Agreement.

Customers of Milestone Aviation Group, a global helicopter leasing company founded in August 2010 and headquartered in Dublin, Ireland, 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 200 customers from nearly 60 countries have ordered nearly 740 AW139 helicopters, making it the market leader in its class. With the large number of advance orders for the AW189 and AW169, set to achieve certification in 2013 and 2014, respectively, the Family 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. Over 80 AW189s and more than 100 AW169s have been sold globally so far.

About Milestone Aviation Group:

Milestone Aviation Group is the global leader in helicopter leasing. The company partners with helicopter operators worldwide and supports them through 100 per cent operating lease financing. Milestone 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. Since launching in August 2010, Milestone has acquired more than 100 helicopters valued at over $1.5 billion and closed leases with 22 operators in over 20 countries on six continents. Further information is available at www.milestoneaviation.com.

 

 

MEDIA CONTACTS:
Eric Berman / Nathan Riggs of Kekst and Company
+1 212‐521‐4894 / +1 212‐521‐4804

Peter Bull Joins Milestone Aviation Group Advisory Board

Dublin, Ireland (September 23, 2013) – Milestone Aviation Group, the global leader in helicopter leasing, announced today that Peter Bull, the highly-regarded industry veteran and risk and asset  management expert, has joined the Group’s Advisory Board.

Richard Santulli, Milestone’s Chairman and Chief Executive Officer, said, “We are delighted that Peter has joined our Advisory Board. Asset and risk management are the backbone of our business and central to what we do. Peter’s depth of industry knowledge and experience will undoubtedly strengthen and enhance our already robust systems.”

Mr. Bull said, “Milestone is an incredibly impressive company with a talented team that is setting the standard for the helicopter leasing market. I look forward to putting my experience to work for Milestone, to help position the company for continued growth.”

Matthew Harris, Milestone’s Chief Operating Officer, said, “We are excited to work with someone of Peter’s calibre and depth of experience. Milestone’s growth over the past three years is underpinned by robust internal systems and processes that create the platform necessary to support our current portfolio and future growth plans. Part of Peter’s role will be to help us refine the architecture of our business to ensure that we maintain the very highest levels of service and support for customers, investors, lenders and business partners worldwide.”

Mr. Bull brings more than 30 years of industry experience to the Group, having held a range of senior positions in aircraft maintenance, leasing, asset management, risk consulting and continuing airworthiness. He served recently as an Executive Director on the Group board of Airclaims, responsible for the leadership of their aviation risk and asset management business worldwide. Prior to joining Airclaims, Mr. Bull spent five years as head of the Aviation Risk Consulting team at Willis Global Aviation. He started his career as an aircraft engineer licensed on both helicopters and fixed-wing aircraft and also earned an MBA, sponsored by British Airways, plus a second Masters in Air Transport Management from Cranfield University. He is a Fellow of the Royal Aeronautical Society, the Institute of Directors and the Chartered Management Institute.

 

Note to the Editor: 

ABOUT MILESTONE AVIATION GROUP

Milestone Aviation Group is the global leader in helicopter leasing. The company partners with helicopter operators worldwide and supports them through 100 percent operating‐lease financing. Milestone 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. Since launching in August 2010, Milestone has acquired more than 100 helicopters valued at over $1.5 billion and closed leases with 22 operators in over 20 countries. Further information is available at www.milestoneaviation.com.

 

MEDIA CONTACTS:
Eric Berman / Nathan Riggs of Kekst and Company
+1 212‐521‐4894 / +1 212‐521‐4804

Milestone Aviation Group Secures US$600 Million Revolving Credit Line

‐ Landmark Facility Highlights Company Successes as It Marks Third Anniversary ‐

Dublin, Ireland (August 8, 2013) – Milestone Aviation Group, the global leader in helicopter leasing, announced today that it has closed on a five‐year, US$600 million revolving credit line that includes an unfunded revolving accordion feature to expand the borrowing capacity up to US$750 million.

This revolver represents the largest‐ever debt facility for a helicopter lessor and will be used to fund growth initiatives and acquisitions.

“As we celebrate Milestone’s third anniversary, this revolver will enable Milestone to provide our customers with the ability to close transactions quicker and with increased flexibility. It will also further improve our ability to strategically match assets with appropriate long‐term investors,” said Milestone’s Chairman and CEO Richard Santulli.

“This facility is further testament that Milestone is recognized in the marketplace as the global leader. A facility of this size – which was upsized to accommodate strong demand – and the involvement of lenders from North America, Europe and Asia alike, is unprecedented for a helicopter leasing company, reflecting the investment community’s confidence in Milestone’s strategy, management and the strength of helicopters as an asset class,” Santulli added.

“Three years after our launch, I could not be more excited with what the Milestone team has achieved and what’s in store for our company in the future,” he concluded.

Three‐Year Anniversary Accomplishments

Since its launch, Milestone has grown its business to best meet the needs of the global helicopter community. Over the past three years, the Company has:

  • Acquired more than 100 aircraft valued at over US$1.5 billion, and closed leases with 22 operators in over 20 countries;
  • Placed future firm helicopter orders and secured options valued at more than US$2.2 billion; and
  • Raised more than US$500 million in equity capital and US$2.4 billion in debt commitments from leading banks in North America, Europe and Asia, as well as insurance companies and the US capital markets.

Global Mix of Financial Partners for New Facility

A global mix of 12 financial institutions were involved in the facility, including nine that have participated in prior Milestone financings as well as three new financial partners:

  • The Huntington National Bank, as Administrative Agent;
  • The Huntington National Bank, Merrill Lynch, Pierce, Fenner & Smith, Incorporated, Deutsche Bank AG, London Branch, Nomura Corporate Funding Americas, LLC and Suntrust Robinson Humphrey, Inc., as Joint Bookrunners and Joint Lead Arrangers;
  • Bank of America, N.A., as Syndication Agent;
  • Deutsche Bank AG, London Branch, Nomura Corporate Funding Americas, LLC, Suntrust Bank, BNP Paribas and Union Bank, N.A., as Co‐Documentation Agents;
  •  CIT Finance LLC, Everbank Commercial Finance, Inc., People’s United Bank and 1st Source Bank as Participants; and
  • Wells Fargo Bank, National Association, as Collateral Agent.

“We are extremely pleased to have played a lead role in structuring and arranging this very important senior secured revolving credit facility,” said Chairman, President and CEO Steve Steinour of Huntington Bank. “Huntington has worked with Milestone since it was founded, and this facility provides access to another level of the Capital Markets, which further validates Milestone’s successful business model and strong management team.”

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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.

Note to the Editor: 

ABOUT MILESTONE AVIATION GROUP

Milestone Aviation Group is the global leader in helicopter leasing. The company partners with helicopter operators worldwide and supports them through 100 percent operating‐lease financing. Milestone 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