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.

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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

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

Milestone Aviation Group Closes US$300 Million Credit Facility

– UK Bank Facility for Bristow Assets Is the Largest Ever for a Helicopter Lessor –

Dublin, Ireland (July 29, 2013) – Milestone Aviation Group, the global leader in helicopter leasing, announced today that it has closed a new US$300 million credit facility. The company will use the proceeds to acquire and lease helicopters valued at US$400 million to affiliates of Bristow Group Inc. The assets include Sikorsky S-92’s, Eurocopter EC225’s and AgustaWestland AW189 and AW139 aircraft.

The Milestone facility is the largest-ever for a helicopter lessor.  Lloyds Bank acting through its Corporate Asset Finance division was Mandated Lead Arranger and Facility Agent while Lombard, the dedicated asset finance arm of The Royal Bank of Scotland Group, and Barclays Bank served as Original Lenders for the credit facility.

“We are delighted to have closed this innovative, single lessee transaction with Lloyds, Barclays and Lombard,” said Richard Santulli, Milestone’s Chairman and CEO. “We structured this transaction with Bristow and worked together to bring it to completion. The proceeds will allow us to continue to support Bristow and grow this important relationship while diversifying our sources of capital.”

Milestone’s capital strategy is focused on developing diverse sources of funding to conservatively grow its business and best meet the needs of the helicopter community. The company has over $500 million in equity capital and has raised $1.8 billion in debt commitments from leading banks in North America, Europe and Asia as well as insurance companies and the US capital markets.

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Note to the Editor:

ABOUT MILESTONE AVIATION GROUP

Milestone Aviation Group is the world’s leading helicopter lessor. The company partners with helicopter operators globally 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 aircraft 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 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 Supports Blueway With Financing of Fourth Eurocopter EC225

– European Delivery Is the First since Aircraft Returned to Service –

Dublin, Ireland (July 29, 2013) – Milestone Aviation Group, the global leader in helicopter leasing, announced today that it is financing the delivery of a Eurocopter EC225 to Blueway Offshore Norge AS, a subsidiary of Blueway AS. The Norwegian registered aircraft will be used for crew change missions to offshore oil and gas platforms in the North Sea. The European delivery is the first since the aircraft was cleared for a full return to flight.

“We are delighted to support Blueway’s growth through the financing of an additional EC225,” said Robert Thor Dranitzke, Milestone’s Managing Director. “Blueway is a great operator, and we are excited to expand our partnership while also supporting the safe return to service of the EC225.”

“This aircraft, acquired with our partner Milestone, has been fitted by Eurocopter with the full range of EASA-mandated safety modifications as well as all of the latest reliability improvements from the EC225 maturity programme,” said Dag Johan Sætre, Blueway’s Technical Director. “It is a great aircraft and a mainstay of the North Sea fleet. We will work with purpose alongside our customers to safely return it to service.”

Milestone has a growing EC225 fleet, with 10 units currently on lease to 4 operators utilising the assets in Australia, Brazil, Denmark, Norway and the United Kingdom. Multiple new customer deliveries and sale-leaseback transactions are expected over the next twelve months. Additionally, the company has 30 EC225 aircraft on order, valued at €670 million (US $885 million) at list prices. The aircraft are to be delivered over 5 years beginning in 2013. These firm orders and options enable Milestone to provide increased value to its partners by offering timely delivery slots for 100% financed EC225 aircraft globally.

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Note to the Editor:

ABOUT MILESTONE AVIATION GROUP

Milestone Aviation Group is the world’s leading helicopter lessor. The company partners with helicopter operators globally 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 aircraft valued at over $1.5 billion and closed leases with 22 operators in over 20 countries. Further information is available at www.milestoneaviation.com.

ABOUT THE BLUEWAY GROUP

Blueway has provided helicopter services since 1986. The company is leading in Northern Europe within several advanced helicopter based services to a wide range of industries. Blueway operates a fleet of 33 helicopters and offers specialized services to the following sectors: Offshore, Infrastructure, Environment and Search & Rescue (SAR). The Offshore business constitutes about 65 percent of the Group’s total revenues, about 25 percent comes from Infrastructure and Environment, and about 10 percent comes from Search & Rescue. The Group’s subsidiaries operate under the following brands: Blueway Offshore Norge, DanCopter, Airlift (infrastructure, environment and search & rescue for the Norwegian government), and Vertech Offshore.

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

Ex-Im Bank Provides $187.4 Million Guarantee for Bond Issuance Supporting Sikorsky Helicopters to Milestone Aviation Group

First Use of Capital-Markets Funding for Ex-Im-Backed Helicopter Exports

Washington, D.C. – The Export-Import Bank of the United States (Ex-Im Bank) is providing a $187.4 million guarantee of a capital-markets bond to finance the export of Sikorsky S-92® helicopters to The Milestone Aviation Group Ltd. of Dublin, Ireland.

The transaction is Ex-Im Bank’s largest financing of US.-manufactured commercial helicopter exports and the agency’s first support of these exports to a helicopter-leasing company.

It is also the first Ex-Im Bank-guaranteed bond issuance in the capital markets to fund helicopter exports. Deutsche Bank Securities was the sole structuring agent and the lead book runner for the bond issuance on May 22. The bond was priced at par to yield 1.87 percent.

The export sale supports approximately 1,500 jobs in the U.S. helicopter industry, according to Ex-Im Bank estimates derived from Departments of Commerce and Labor data and methodology. The S-92® helicopters are being manufactured at Sikorsky Aircraft Corp. facilities in Stratford, Conn., and Coatesville, Pa. Principal subcontractors also involved in the manufacture are Hamilton Sundstrand, Rockwell Collins and General Electric.

“Ex-Im Bank’s capital-markets financing has proven to be a successful way to fund exports of U.S.-made large commercial aircraft. Extending this type of funding to helicopter exports will help support more American jobs and more companies in the very competitive U.S. aerospace industry,” said Ex-Im Bank Chairman and President Fred P. Hochberg.

The exports were initially financed by a commercial bridge facility that will be replaced by the funds raised by the issuance of the capital-markets bond. The helicopters are being delivered under a number of separate contracts, both directly with the Milestone Aviation Group and as part of sale-leaseback agreements. The end users are five different Milestone customers, and the S-92® helicopters will be operated in the United Kingdom, Norway and Brazil. Deliveries began in November 2012 and end in May 2013.

“The Sikorsky S-92® is a modern design, heavy-lift rotorcraft that brings economic efficiencies to our operators, and it is a very important part of the oil-and-gas and search-and-rescue market segments. Ex-Im Bank’s capital-markets financing facilitates the business transaction of this large capital investment. This financing vehicle makes the S-92® helicopter an even better fit for our customers,” said Bob Kokorda, vice president of Worldwide Sales for Sikorsky Aircraft Corp.

Sikorsky Aircraft Corp. is a global leader in the design, manufacture and service of commercial and military rotary-wing and fixed-wing aircraft. The company has a U.S.-based workforce of approximately 13,000 employees, including 6,630 in Stratford, Conn., and 875 in Coatesville, Pa.

“We are proud to have been selected by Ex-Im Bank as the partner for their largest helicopter financing and the first capital-markets transaction to support the export of U.S.-manufactured helicopters,” said Milestone Aviation Group Chairman Richard Santulli. “The support of Ex-Im Bank, and the dedication and professionalism of its Transportation team, has been instrumental in helping us place Sikorsky aircraft internationally and given us the confidence to order more units of the world-class S-92®.”

Milestone Aviation Group is the first global aircraft leasing company to focus exclusively on helicopters. Milestone partners with helicopter operators globally and supports them through 100 percent operating-lease financing. The company provides financing for helicopters, serving primarily the offshore oil-and-gas industry as well as search-and-rescue, emergency medical services, police surveillance, mining and other utility missions. Since launching in August 2010, Milestone has acquired more than 90 aircraft valued at more than $1.3 billion and closed leases with 21 operators in 20 countries.

ABOUT EX-IM BANK:

Ex-Im Bank is an independent federal agency that creates and maintains U.S. jobs by filling gaps in private export financing at no cost to American taxpayers. In the past five years (from Fiscal Year 2008), Ex-Im Bank has earned for U.S. taxpayers nearly $1.6 billion above the cost of operations. The Bank provides a variety of financing mechanisms, including working capital guarantees, export-credit insurance and financing to help foreign buyers purchase U.S. goods and services.

Ex-Im Bank approved $35.8 billion in total authorizations in FY 2012 – an all-time Ex-Im record. This total includes more than $6.1 billion directly supporting small-business export sales – also an Ex-Im record. Ex-Im Bank’s total authorizations are supporting an estimated $50 billion in U.S. export sales and approximately 255,000 American jobs in communities across the country. For more information, visit www.exim.gov.

 

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Milestone Surpasses $1.3 Billion in Aircraft

Dublin, Ireland, April 17, 2013 – Milestone Aviation Group, the global leader in helicopter leasing, today circulated its full year 2012 financial results to investors and provided an update to the market.

Milestone’s young fleet, which ranges from light-twin to heavy helicopters, now includes over 90 aircraft from AgustaWestland, Bell, Eurocopter and Sikorsky valued at over $1.3 billion. Additionally, the company has increased its firm and option orders for new helicopters to over $2.2 billion.

William Kelly, Milestone’s Chief Executive Officer, commented, “We are pleased with the progress we made in 2012 and the first few months of 2013. However, our focus is on continuing to build Milestone into an even stronger company that delivers value for our customers and all of our key stakeholders. We are encouraged by the industry trends we are seeing, and we look forward to providing additional capital to our partners and high-quality helicopter operators around the world.”

ABOUT MILESTONE AVIATION GROUP

Milestone Aviation Group is the first global aircraft leasing company exclusively focused on helicopters. Milestone’s global aircraft leasing platform addresses the liquidity needs of the market through 100% operating lease financing. Since launching in August 2010, Milestone has acquired more than 90 aircraft valued at more than $1.3 billion and closed leases with 21 operators in 20 countries. In addition, the company has placed future firm helicopter orders and secured options valued at more than $2.2 billion.

Further information is available at www.milestoneaviation.com.

Media Contacts

Eric Berman/Nathan Riggs

Kekst and Company

+1 (212) 521- 4800

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