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.

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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

 

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.”

###

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.

###

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.

###

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