GE Capital

Milestone to be transferred from GECAS to AerCap

Milestone to be transferred from GECAS to AerCap

12-Mar-2021Source: GE

GE (NYSE:GE) announced an agreement to combine its GE Capital Aviation Services business (“GECAS”) with AerCap Holdings N.V. (“AerCap”). GE Chairman and CEO H. Lawrence Culp, Jr. said, “Today marks GE’s transformation to a more focused, simpler, and stronger industrial company. Coupled with our continuing efforts to strengthen GE’s performance, operations, and culture, this deal... Read more

Apollo and Athene to Acquire PK AirFinance From GECAS

Apollo and Athene to Acquire PK AirFinance From GECAS

29-Aug-2019Source: Apollo Global Management

Apollo Global Management, LLC (together with its consolidated subsidiaries, “Apollo”) (NYSE: APO); Athene Holding Ltd. (NYSE: ATH); and GE Capital, the financial services arm of GE (NYSE: GE), today announced that they have entered into a definitive agreement for Apollo and Athene to purchase PK AirFinance, an aviation lending business, from GE Capital’s Aviation Services... Read more

Falcon Aviation to add three more AW169s, leased from Milestone

Falcon Aviation to add three more AW169s, leased from Milestone

20-Nov-2017Source: Milestone Aviation

Milestone Aviation Group (“Milestone”), a GE Capital Aviation Services company and the global leader in helicopter leasing, and Leonardo announced today that Falcon Aviation of Abu Dhabi (United Arab Emirates) will expand its AgustaWestland AW169 helicopter fleet with the addition of a further three aircraft. The light-intermediate twin helicopters will have multi-mission capability with entry... Read more

Milestone Aviation opens new office in Sydney

Milestone Aviation opens new office in Sydney

25-May-2017Source: Milestone Aviation

Milestone Aviation Group (Milestone) and GE Capital Aviation Services (GECAS) have opened a new office in Sydney, Australia, effective May 1, 2017. With the opening of the new location, Milestone and GECAS are available locally to better support Australian customers with the company’s full suite of helicopter and commercial aircraft financing products. “Now that we... Read more

Milestone Names Daniel Rosenthal President and CEO

Milestone Names Daniel Rosenthal President and CEO

6-Dec-2016Source: Milestone Aviation

Milestone Aviation Group Limited (“Milestone”), a GE Capital Aviation Services company (“GECAS”) and the global leader in helicopter leasing, today announced that President Daniel Rosenthal has been named President and Chief Executive Officer, effective January 1, 2017. Richard Santulli, GE Officer and Milestone Chairman, will leave GE but continue to serve Milestone in an advisory... Read more

Milestone Confirms Orders for Three More AW139s

Milestone Confirms Orders for Three More AW139s

10-Jun-2015Source: AgustaWestland

AgustaWestland announced today that Milestone Aviation Group has signed a firm order for three additional AW139s that will be made available for lease to Milestone’s customers and operators globally. This contract is part of a multi-year commitment signed in September 2013 by Milestone Aviation to purchase up to 45 AgustaWestland helicopters and brings the total... Read more

Milestone Aviation Group expanding with new offices in Singapore, Sao Paulo and UAE

Milestone Aviation Group expanding with new offices in Singapore, Sao Paulo and UAE

4-Mar-2015Source: GE

Milestone Aviation Group, a GE Capital Aviation Services company and the global leader in helicopter leasing announced today at Helicopter Association International’s Heli-Expo that the company is expanding its international presence into three new regions – Asia, South America and the Middle East/Africa – while also growing its European staffing. Milestone will be opening offices... Read more

Milestone Aviation Group Expands Global Operations and Enhances Financial Flexibility Following Acquisition by GE Capital

Milestone Aviation Group Expands Global Operations and Enhances Financial Flexibility Following Acquisition by GE Capital

3-Mar-2015Source: Milestone Aviation

Milestone Aviation Group, a GE Capital Aviation Services company and the global leader in helicopter leasing announced today at Helicopter Association International’s Heli-Expo that the company is expanding its international presence into three new regions – Asia, South America and the Middle East/Africa – while also growing its European staffing. Milestone will be opening offices... Read more

GE Capital Aviation Services Closes Acquisition of Milestone Aviation Group

GE Capital Aviation Services Closes Acquisition of Milestone Aviation Group

2-Feb-2015Source: GECAS

GE Capital Aviation Services (GECAS), the aircraft leasing unit of GE (NYSE:GE), today announced it completed and closed its acquisition of Milestone Aviation Group, the Dublin-based helicopter lessor, for $1.775 billion plus the assumption or payoff of Milestone’s existing debt. “The acquisition of Milestone is a key part of our growth strategy for 2015 and... Read more

Element Financial closes acquisition of $243M of helicopter assets from GE Capital

Element Financial closes acquisition of $243M of helicopter assets from GE Capital

19-Dec-2013Source: Element Financial

Element Financial Corporation (TSX:EFN) (“Element” or the “Company”), one ofNorth America’s leading equipment finance companies, today announced that it has closed its previously announced acquisitions comprised of approximately US$348 million worth of helicopter and railcar finance assets from GE Capital and Trinity Industries, Inc. respectively. Further to the December 9th announcement that Element had entered into a strategic alliance agreement... Read more

Element Financial acquires second helicopter lease portfolio

Element Financial acquires second helicopter lease portfolio

10-Dec-2013Source: Element Financial

Element Financial Corporation (TSX: EFN) (“Element” or “the Company”), one of North America’s leading equipment finance companies, today announced that it has signed a definitive agreement with a subsidiary of GE Capital in the US to acquire a portfolio of finance assets secured by individual helicopters operated by a diversified base of customers across a variety of... Read more

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