Milestone Strengthens Partnership with Safran with New Innovative Framework Agreement
DUBLIN – Tuesday, November 5, 2024 – The Milestone Aviation Group Limited (“Milestone”), the global leader in helicopter leasing, today announced that it has signed a framework agreement with Safran Helicopter Engines, the world’s leading manufacturer of helicopter engines.
The agreement aims to simplify the transition of Safran-powered aircraft between lessees and ensure Milestone has access to best-in-class asset management services. As part of the agreement, Milestone will continue to promote Safran’s Support-by-the-Hour program to its lessees, which protects residual value, controls engine maintenance costs, eliminates cash peaks and offers a wide variety of technical expertise options.
Speaking at European Rotors 2024, Pat Sheedy, the Chief Executive Officer of Milestone Aviation, said, “For more than a decade, Milestone and Safran Helicopter Engines have worked closely and this agreement further strengthens the partnership between our two companies. We look forward to building on this relationship, made possible through this first-of-its-kind agreement.”
Cédric Goubet, CEO of Safran Helicopter Engines, said: “We are delighted with this increasingly solid relationship with Milestone, a major lessor in the helicopter industry. This agreement will streamline the transfer of helicopters, bring a great deal of added value to Milestone’s activities and support their Safran-powered fleet, as well as reinforce our by-the-hour services in direct support of the end-users.”
About Milestone
Milestone Aviation Group, an AerCap company, is the world’s leading helicopter leasing and financing company. 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 approximately 50 customers in approximately 35 countries serving a variety of industries, including offshore oil and gas, search and rescue, emergency medical services, police surveillance, mining, firefighting, and other utility missions. www.milestoneaviation.com
About AerCap
AerCap is the global leader in aviation leasing with one of the most attractive order books in the industry. AerCap serves approximately 300 customers around the world with comprehensive fleet solutions. AerCap is listed on the New York Stock Exchange (AER) and is based in Dublin with offices in Shannon, Miami, Singapore, Memphis, Amsterdam, Shanghai, Dubai, Seattle, Toulouse and other locations around the world.
About Safran Helicopter Engines
Safran Helicopter Engines is the world’s leading manufacturer of helicopter engines, with more than 75,000 produced since being founded. It offers the widest range of helicopter turboshafts in the world and has more than 2,500 customers in 155 countries.
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