Dublin, Ireland — March 14, 2018 – Milestone Aviation Group (“Milestone”), a GE Capital Aviation Services company (“GECAS”) and the global leader in helicopter leasing announced the lease of four Airbus H135 helicopters to ADAC Luftfahrt Technik GmbH (“ADAC”) in Germany. Two aircraft delivered this month with two more scheduled to deliver in April and May 2018; all aircraft were sourced from Milestone’s light-twin order book with Airbus Helicopters.
Attracted by the possibility of outsourcing part of their mission training requirements and accessing new technology without capital expense, the German Army sought proposals from helicopter maintenance and repair organizations to provide a turn-key solution for their aircraft needs. ADAC, with their proven record of supporting a fleet of over 50 aircraft, partnered with Milestone to win the contract. Within a short period of time, Milestone was able to provide four new H135s fully compliant with the German Army’s specifications and with an operating lease structure that guaranteed full use of the aircraft within the army’s budget.
“Milestone is pleased to partner with ADAC in providing a unique solution to the German Army, enabling the introduction of new technology aircraft in pilot training,” said Milestone President and Chief Executive Officer, Daniel Rosenthal. “We continue to believe that the lease solution combined with a skilled maintenance provider is a successful combination for government training programs.”
“Milestone is very experienced in structuring deals and offering aircraft from their order book with the OEMs and was successful in delivering customized aircraft for this mission within two months of contract signing,” said ADAC Luftfahrt Technik GmbH CEO Thomas Huetsch. “We are thankful to Milestone for their support in bringing new technology aircraft to this mission.”
About Milestone Aviation Group
Milestone Aviation Group, a GE Capital Aviation Services company, is a leading global helicopter leasing and financing company. Milestone has a fleet of helicopters worth over US $4.0 billion plus a loan portfolio and debt commitments of approximately $400 million. The company has a forward order book of firm and option aircraft with an estimated aggregate purchase price in excess of US $3 billion. Milestone partners with helicopter operators worldwide, providing a wide array of financial and productivity solutions, including operating leases, purchase/leasebacks, secured debt financing, engine leasing and fleet advisory. The company supports over 35 customers in more than 30 countries serving a variety of industries, including offshore oil and gas, search and rescue, emergency medical services, police surveillance, mining and other utility missions. www.milestoneaviation.com
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