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Milestone Aviation Completes Purchase And Leaseback Of Four S-92® Helicopters

Dublin, Ireland, May 31, 2018 - Milestone Aviation Group Limited (“Milestone”), a GE Capital Aviation Services company and the global leader in helicopter leasing, announced today that it has completed the purchase and lease back of four S-92® aircraft. The acquisition of these aircraft expands Milestone’s owned and debt financed fleet of S-92 helicopters to over 95 -- more than one third of all S-92 aircraft in operation globally.

Ideally suited for a variety of missions, including offshore oil & gas transportation as well as search and rescue, S-92 helicopters have provided more than 1.3 million reliable flight hours with operators around the world. 

“With their continued commitment to the platform, driving both availability and affordability, Sikorsky has demonstrated a focus on keeping these aircraft competitive,” said Daniel Rosenthal, Milestone President and CEO, noting: “Milestone takes pride in our partnership with Sikorsky and our ability to place these aircraft in operation while securing our fleet’s future marketability.” 

“As the largest owner of S-92s in the world, Milestone’s commitment to the type is second to none,” said Sikorsky’s Vice President, Commercial Systems & Services, Dana Fiatarone. “We value our collaboration with Milestone, and Sikorsky is committed to future enhancements and continued support to ensure the S-92 remains the offshore commercial helicopter of choice for operators.”