6-Mar-2013 Source: Eurocopter
An innovative agreement signed by Eurocopter and Milestone Aviation Group today brings these two industry leaders together for cooperative marketing of Milestone’s growing helicopter portfolio, backed by Eurocopter’s comprehensive Parts-by-the-Hour (PBH) support services.
This agreement enables Eurocopter to provide its customers and operators commercial access to Milestone’s inventory of helicopters with all of the financial benefits that comes with leasing – along with the resources of Eurocopter’s PBH program; while Milestone will be able to offer its client base with access to the full capabilities of Eurocopter’s PBH services coverage.
“Eurocopter is committed to innovation in all aspects of our industry, and this new accord with Milestone marks an important step in meeting the needs of this our partner and its lessees operating Eurocopter aircraft globally,” said Fabrice Arfi, Eurocopter’s Vice President for Business Development.
Milestone is expanding its fleet of Eurocopter-built rotorcraft as the current inventory of 28 helicopters – consisting of the EC130, EC135, EC145, EC155 B1, AS332 L2 and EC225 types – is supplemented by additional EC225s and EC175s ordered in 2012 and 2013.
“Our new agreement ensures top-level support for Milestone’s leasing customers with the comprehensive capabilities of Eurocopter’s PBH program, while also preserving the value of our assets through a direct working relationship with the aircraft manufacturer,” stated Milestone Chief Operating Officer and Co-Founder Matt Harris.
Eurocopter’s PBH program offers highly adaptable and cost-effective services coverage that contributes to minimal helicopter downtime, streamlines maintenance costs and reduces parts inventory. It applies to dynamic components, blades, basic and mission equipment, and can be customizable to operators’ needs.
The Eurocopter/Milestone agreement was formalized today in Las Vegas, Nevada at the Heli-Expo 2013 helicopter industry show, where the accord was signed by Milestone Chairman Richard Santulli and Lutz Bertling, the Eurocopter President & CEO.
About Milestone Aviation Group
Milestone Aviation Group is the first global aircraft leasing company exclusively focused on helicopters. Milestone’s global aircraft leasing platform addresses the liquidity needs of the market through 100% operating lease financing. Since launching in August 2010, Milestone has leased more than 75 aircraft valued at more than $1 billion with 21 operators in 20 countries. In addition, the company is expected to have placed future firm helicopter orders and secured options valued at more than $2.2 billion by the end of HAI’s Heli-Expo 2013. Further information is available at www.milestoneaviation.com.
Established in 1992, the Franco-German-Spanish Eurocopter Group is a division of EADS, a world leader in aerospace and defense-related services. The Eurocopter Group employs approximately 22,000 people. In 2012, Eurocopter confirmed its position as the world’s No. 1 helicopter manufacturer with a turnover of 6.3 billion Euros, orders for 469 new helicopters and a 38 percent market share in the civil and parapublic sectors. Overall, the Group’s helicopters account for 33 percent of the worldwide civil and parapublic fleet. Eurocopter’s strong international presence is ensured by its subsidiaries and participations in 21 countries.
Eurocopter’s worldwide network of service centers, training facilities, distributors and certified agents supports more than 2,900 customers. There are currently more than 11,780 Eurocopter helicopters in service in 148 countries. Eurocopter offers the most comprehensive civil and military helicopter range in the world and is fully committed to safety as the most important aspect of its business.