Milestone Aviation provides two medium helicopters to Faasa for firefighting missions

Dublin, Ireland, Oct 3, 2017 – Milestone Aviation Group Limited (“Milestone”), the global leader in helicopter leasing, announced today that it has entered into an agreement to lease two B412SP helicopters to FAASA Aviacion S.A. of Spain to support their expanded firefighting services. The two helicopters owned by Milestone, were previously on lease to a Brazilian operator and utilized in oil and gas support missions. The helicopters are currently in Spain, where FAASA is carrying out reconfiguration work to facilitate the new firefighting mission.

“Milestone is proud to begin a new partnership with FAASA, a long established and respected helicopter operator and service provider,” said Milestone Commercial Vice President for Europe, Sebastien Moulin. “We are very pleased to provide the helicopters that meet their needs, and again prove the versatility of this asset class transitioning helicopters from a primarily oil and gas mission to a firefighting mission.”

“FAASA has a fifty-year history of providing safe and reliable helicopter utility services,” said Hector Tamarit Almagro, CEO. “We operate a fleet of over 80 helicopters in both Europe and South America– Milestone is an ideal leasing partner for us with a truly global team and a diverse fleet of helicopters. We look forward to continuing to partner with Milestone as we innovate our business.”

 

Notes to Editors: 

About Milestone Aviation Group

Milestone Aviation Group, a GE Capital Aviation Services company, is the world’s leading 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

About GE Capital Aviation Services (GECAS)

GECAS is a world leader in aviation leasing and financing with 50 years of experience. The GECAS portfolio comprises a wide range of aircraft types including narrowbodies, widebodies, regional jets, turboprops, freighters and helicopters. GECAS offers multiple financing products and services including operating leases, purchase/leasebacks, secured debt financing, capital markets, engine leasing, airframe parts management and airport/airline consulting.  GECAS owns or services a fleet of over 1,950 aircraft (~1,700 fixed wing/ ~250 rotary wing) in operation or on order, plus provides loans collateralized on an additional ~400 aircraft. GECAS serves ~ 270 customers in over 75 countries from a network of 25 offices. www.gecas.com

GE (NYSE: GE) is the world’s Digital Industrial Company, transforming industry with software-defined machines and solutions that are connected, responsive and predictive. GE is organized around a global exchange of knowledge, the “GE Store,” through which each business shares and accesses the same technology, markets, structure and intellect. Each invention further fuels innovation and application across our industrial sectors. With people, services, technology and scale, GE delivers better outcomes for customers by speaking the language of industry. www.ge.com

 

Media Contact for Milestone:

James Luton
Global Communications Leader
+1-203-842-5887
james.luton@gecas.com