26-Feb-2024Source: Milestone Aviation
The Milestone Aviation Group Limited (“Milestone”), the global leader in helicopter leasing, today announced that it has signed a lease agreement with China Southern Airlines General Aviation (“CSAGA”) for a Sikorsky S-92 helicopter. The helicopter is configured for offshore passenger transport and will be deployed on critical offshore oil and gas missions in China from... Read more
10-Nov-2023Source: Milestone Aviation
The Milestone Aviation Group Limited (“Milestone”), the global leader in helicopter leasing, announced that it has delivered a Sikorsky S-92 helicopter to China General Aviation Company Limited (“CGAC”), a new customer for Milestone. The S-92 helicopter is configured for offshore passenger transport and will be deployed on critical offshore oil and gas missions, from CGAC’s... Read more
18-May-2023Source: Milestone Aviation
The Milestone Aviation Group Limited (“Milestone”), the global leader in helicopter leasing, today announced it has sold a Sikorsky S-92 helicopter to Brunei Shell Petroleum Company Sendirian Berhad. The S-92 is configured for passenger transport and is intended for offshore oil and gas missions in Brunei, Borneo. “We are very pleased to work with Brunei... Read more
13-Apr-2023Source: Milestone Aviation
The Milestone Aviation Group Limited (“Milestone”), the global leader in helicopter leasing, announced that it has signed lease agreements with Offshore Helicopter Services UK Limited (“OHS”) for five Sikorsky S-92 helicopters. The agreements include the extension of three Sikorsky S-92 helicopters and the placement of two additional S-92s which are scheduled to deliver in 2023.... Read more
30-Mar-2023Source: Milestone Aviation
The Milestone Aviation Group Limited (“Milestone”) announced that it has signed an agreement to sell a 12-helicopter portfolio to Macquarie Rotorcraft. The 12-helicopter portfolio consists of a mix of Sikorsky S-92, Airbus H135, Bell 412, and Leonardo AW109, AW139 and AW189 helicopters which are currently on lease to six customers in nine countries across Europe,... Read more
7-Mar-2023Source: Milestone Aviation
The Milestone Aviation Group Limited (“Milestone”), the global leader in helicopter leasing, announced that it has signed lease agreements for four Leonardo helicopters with HeliService International (“HeliService”), a market leader in offshore helicopter transportation. The agreements include the placement of two Leonardo AW139 helicopters, the first of which was recently delivered, while the second is... Read more
6-Mar-2023Source: Milestone Aviation
The Milestone Aviation Group Limited (“Milestone”), the global leader in helicopter leasing, announced it has signed lease agreements for five helicopters with Aramco. The agreements include the placement of three Leonardo AW139 helicopters and two Airbus H145 helicopters. All five aircraft are factory new and will be deployed on critical offshore oil and gas missions... Read more
2-Mar-2023Source: Milestone Aviation
The Milestone Aviation Group Limited (“Milestone”), the global leader in helicopter leasing, today announced it has sold a Sikorsky S-92 helicopter to China Southern Airlines General Aviation (“CSAGA”), a new customer for Milestone. The helicopter is configured for offshore passenger transport and will be deployed on critical offshore oil and gas missions in China. Pat... Read more
16-Feb-2023Source: Milestone Aviation
The Milestone Aviation Group Limited (“Milestone”), the global leader in helicopter leasing, today announced the expansion of its partnership with Bristow Group Inc. (“Bristow”) for Search and Rescue (SAR) missions with the lease of two Leonardo AW189 helicopters, and four Sikorsky S-92 helicopters. Under the agreement, Milestone completed a purchase-leaseback of a new AW189 helicopter... Read more
2-Dec-2022Source: Milestone Aviation
The Milestone Aviation Group Limited (“Milestone”), the global leader in helicopter leasing announced the delivery of two Sikorsky S-92 helicopters on lease to CITIC Offshore Helicopter Company Ltd. (“COHC”). COHC is a Shenzhen Stock Exchange-listed company who operate offshore helicopter services and is part of the CITIC Group. The S-92s will support COHC’s offshore Oil... Read more
28-Jul-2022Source: Milestone Aviation
The Milestone Aviation Group Limited (“Milestone”), the global leader in helicopter leasing, has announced that it has delivered to Heliconia Group (“Heliconia”) a AW139 helicopter. The medium twin-engine helicopter will be based in Senegal and used to support the company’s offshore operations. Pat Sheedy, President & CEO, Milestone, said, “We are delighted to welcome Heliconia... Read more
25-Jul-2022Source: Milestone Aviation
The Milestone Aviation Group Limited (“Milestone”), the global leader in helicopter leasing, has announced that it has delivered a second AW169 helicopter to UK-based operator, Sloane Helicopters (“Sloane”). The first helicopter, a new AW169, was delivered in December 2021. Sloane will operate the helicopters on behalf of the Children’s Air Ambulance UK, an inter-hospital transfer... Read more
9-Mar-2022Source: Milestone Aviation
The Milestone Aviation Group Limited (“Milestone”), the global leader in helicopter leasing announced the delivery of an Airbus H145 helicopter to Ecocopter Ecuador, a leading South American operator. Located at Ecocopter’s base in Quito, the aircraft will be the first of its type to be based in Ecuador and will be deployed on missions across... Read more
28-Feb-2022Source: Milestone Aviation
The Milestone Aviation Group Limited (“Milestone”), the global leader in helicopter leasing, has partnered with Australian fire-fighting equipment designer, Helitak Firefighting Equipment Pty Ltd (“Helitak”), to develop a new mission for the Sikorsky S-92A as a next-generation, multi-purpose fire-fighting platform. As the largest owner of the S-92A, Milestone worked closely with Helitak to develop the... Read more
14-Feb-2022Source: Milestone Aviation
The Milestone Aviation Group Limited (“Milestone”), the global leader in helicopter leasing, has announced that it has signed 11 lease agreements with Omni Helicopters International (“OHI”), the largest helicopter operator in Brazil. The 11-aircraft deal comprises AW139 helicopters which were recently delivered to OHI, and S92 helicopters which are already in operation and will continue... Read more
9-Feb-2022Source: Milestone Aviation
The Milestone Aviation Group Limited (“Milestone”), the global leader in helicopter leasing, is pleased to announce that it has successfully completed the final delivery of the medium helicopter fleet renewal program for Aramco Overseas Company, a subsidiary of Saudi Aramco (“Aramco”), a fully integrated, global petroleum and chemicals enterprise. Milestone recently delivered the last unit... Read more
7-Sep-2021Source: Milestone
The following announcement from Milestone comes as TAS is gradually getting rid of their five-strong Sikorsky S76D fleet. Of these, two have been delivered to Caverton Helicopters in Nigeria and two of the others have not flown, one for two months and one for four months. We understand one of the latter pair is destined... Read more
4-Aug-2021Source: Milestone Aviation
The Milestone Aviation Group Limited (“Milestone”) has announced that it is providing two Airbus H145 helicopters to Quark Expeditions, the leader in Polar Adventures. The aircraft will be stationed on the dual heli-decks of Quark Expedition’s brand-new Ultramarine expedition ship and will be used to provide passengers with unique adventure opportunities in the Polar Regions.... Read more
14-Jul-2021
Milestone Aviation Group Limited (“Milestone”) has signed a Purchase/Leaseback (PLB) arrangement for a AW169 helicopter with Belgian-based operator, NHV Group (“NHV”), a leading provider of B2B helicopter services. The AW169 helicopter delivered earlier this month will support missions in the UK for Italian oil and gas company, ENI. It will be based in Blackpool, United... Read more
5-Jul-2021Source: Milestone Aviation
AL-Sharqiya Aviation LLC (“ASA”), the first and only commercial helicopter operator in the Sultanate of Oman, announced today that it will shortly take delivery of its first Airbus H145 helicopter, leased from the Milestone Aviation Group Limited (“Milestone”). Not only is this the first five-bladed Airbus H145 for ASA, but it is also the first... Read more
10-Jun-2021Source: Milestone Aviation
Milestone Aviation and Wiking Helikopter Service today announced the continuation of their partnership with a three-year lease extension of an Airbus H145 helicopter. The aircraft, which was delivered to Wiking in June 2018, will continue to be operated across Wiking’s seapilot and offshore windfarm operations in the German North Sea and Baltic Sea regions. Ernst... Read more
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
5-Mar-2021Source: Milestone Aviation
The Milestone Aviation Group Limited (“Milestone”), a GECAS company and the global leader in helicopter leasing and NHV Group (“NHV”), a leading provider of B2B helicopter services, have announced an expansion of their partnership with the provision of two Airbus five-bladed H145 helicopters to support the operator’s contract with Germany’s Federal Armed Forces’ training program... Read more
12-Feb-2021
The Milestone Aviation Group Limited (“Milestone”), a GECAS company and the global leader in helicopter leasing has announced that it has added 11 Airbus H225 helicopters to the Air Center Helicopters, Inc (“ACHI”) fleet. The aircraft will be delivered throughout 2021 and 2022 and will primarily be used for utility, training and transport missions for... Read more
25-Jan-2021Source: Milestone Aviation
The Milestone Aviation Group Limited (“Milestone”), a GECAS company and the global leader in helicopter leasing, announces that it has recently delivered a Sikorsky S-92 helicopter to Caverton Helicopters Limited (“Caverton”). This marks the first S-92 to be operated by Caverton and the first to be operated by a wholly locally-owned African company.The deal will... Read more
10-Dec-2020Source: NHV
The German Armed Forces (Bundeswehr) have awarded NHV a contract for the provision and maintenance of three H145 aircraft in support of their Special Forces’ training program at Laupheim (HSG64). The one-year contract is foreseen to start in January 2021. In partnership with Milestone Aviation, NHV will provide two Airbus Helicopters H145D3 and one H145D2... Read more
30-Jul-2020Source: HeliHub.com
In it’s 2020 Q2 report released yesterday, US conglomerate General Electric has written off $729 million of their valuation of the Milestone Aviation helicopter leasing business they acquired in 2015 for $1.775 billion plus the assumption or payoff of the company’s existing debt. GE normally carries out an annual test for goodwill impairment in their... Read more
18-Jul-2020Source: Thora Capital
Thora Capital (“Thora”), a Chicago-based alternative asset manager dedicated to aviation finance, announced the acquisition of six lease-attached Emergency Medical Services (“EMS”) helicopters from Milestone Aviation. The aircraft are leased and operated by Life Flight Network (“Life Flight”) headquartered in Oregon. “We are thrilled to announce this acquisition, one of several deals we anticipate consummating over the... Read more
29-Jan-2020Source: Milestone Aviation
Milestone Aviation Group Limited (“Milestone”), a GECAS company and the global leader in helicopter leasing, announced the purchase and leaseback of three Leonardo AW139s with French helicopter services provider, Héli-Union. The acquisition of these aircraft expands Milestone’s fleet of owned and debt financed fleet of AW139 helicopters to more than 80. The company made the... Read more
10-Jan-2020Source: Milestone Aviation Group
Pat Sheedy, a veteran aviation finance professional, has been named CEO of Milestone Aviation Group (“Milestone”), a GECAS company and the global leader in helicopter leasing. Greg Conlon — recently promoted from Milestone to become GECAS’ President and CEO — has appointed Pat Sheedy to take the lead role at Milestone. “Pat will join the... Read more
11-Nov-2019Source: GECAS
Greg Conlon has been promoted to the role of President and CEO of GECAS, effective immediately. Alec Burger will continue as President & CEO of GE Capital and will also serve as the Chairman of GECAS. GECAS has consistently delivered excellent results for many years and is positioned for continued success. This change in leadership... Read more
21-Feb-2019Source: Airbus Helicopters
Milestone Aviation Group Limited (Milestone), a GECAS company and the global leader in helicopter leasing, and Airbus Helicopters announced today that Heligo Charters Private Limited (HCPL), a Mumbai-based non-scheduled helicopter operator has taken delivery of its first H145 helicopter. The helicopter’s configuration will allow it to perform a variety of missions. The aircraft taken on... Read more
11-Sep-2018Source: Airbus Helicopters
Milestone Aviation Group Limited (“Milestone”), a GECAS company and the global leader in helicopter leasing, and Airbus Helicopters announced today they will provide five H145s to Aramco Overseas Company, a subsidiary of Saudi Aramco, a fully integrated, global petroleum and chemicals enterprise. The five aircraft are sourced from Milestone’s orderbook with Airbus and are expected... Read more
2-Aug-2018Source: Milestone
Milestone Aviation Group Limited (“Milestone”), a GECAS company and the global leader in helicopter leasing, and Leonardo today announce they have been selected to renew the medium helicopter fleet of Aramco Overseas Company, a subsidiary of Saudi Aramco (“Aramco”) – a fully integrated, global petroleum and chemicals enterprise. Leonardo and Milestone have signed a contract... Read more
15-Jun-2018Source: Milestone Aviation
Milestone Aviation Group Limited (“Milestone”), a GE Capital Aviation Services company and the global leader in helicopter leasing, today announced new appointments to its executive team. Jeremy Akel, formerly Senior Vice President and Chief Operations Officer for Bristow Group, has been named Executive Vice President, Commercial effective July 2, 2018. Jeremy will relocate to Dublin,... Read more
8-Jun-2018Source: Milestone Aviation
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... Read more
19-Mar-2018Source: Milestone Aviation
Milestone Aviation Group (“Milestone”), a GE Capital Aviation Services company (“GECAS”) and the global leader in helicopter leasing announced the lease of four Airbus H135 helicopters to ADAC Luftfahrt Technik GmbH (“ADAC”) in Germany. Two aircraft delivered this month with two more scheduled to deliver in April and May 2018; all aircraft were sourced from... Read more
13-Mar-2018Source: HeliOffshore
HeliOffshore’s highly collaborative approach to enhancing the safety of offshore helicopter operations received a significant boost with a total of $60,000 raised at Milestone Aviation’s annual poker tournament. The event, held on 26th February in Las Vegas, was the fifth no-stakes poker tournament hosted by Milestone at HAI’s annual show HeliExpo. Milestone is a global... Read more
5-Feb-2018Source: Allan Blake
When helicopters are not needed and put into long term storage, either by lessors or operators, they are wrapped in a cover that protects them from the effects of humidity. Steve Hanna is the CEO of the company that provides these covers, over 300 of them so far, and his business success and attendance for... Read more
23-Jan-2018Source: Milestone Aviation
Milestone Aviation Group (“Milestone”), a GE Capital Aviation Services company (“GECAS”) and the global leader in helicopter leasing announced today the delivery and lease of eight AW139 helicopters to Shanghai Kingwing Aviation Co. Ltd.(“Kingwing”). The medium twin-engine helicopters will join Kingwing’s existing fleet of 32 helicopters providing emergency medical services (“EMS”) in China and will... Read more
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
20-Oct-2017Source: Milestone Aviation
Milestone Aviation Group (“Milestone”) announced today the delivery of a Leonardo AW139 to Heligo Charters Private Limited (Heligo) in India. The delivery marks the fifth helicopter leased to Heligo in 2017, increasing the Mumbai-based operator’s fleet and enabling expansion of both on- and offshore services. Milestone, the global leader in helicopter leasing, began its lease... Read more
10-Oct-2017Source: Milestone Aviation
Milestone Aviation Group Limited (Milestone), the global leader in helicopter leasing, announced today that it has entered an agreement to lease two AW169 helicopters to Alidaunia S.R.L. of Italy, to support their emergency medical services (“HEMS”) in Italy. Alidaunia has provided HEMS services in Italy for more than 20 years and Milestone is proud to... Read more
5-Oct-2017Source: Milestone Aviation
Milestone Aviation Group (“Milestone”), 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, the global leader in helicopter leasing, were previously on lease to a Brazilian operator and utilized in oil and... Read more
2-Oct-2017Source: Milestone Aviation
Milestone Aviation Group Limited (Milestone) and Babcock Mission Critical Services Ltd. announce the sixth anniversary of their lease partnership. Milestone, the global leader in helicopter leasing, has served Babcock (and its predecessor companies) since 2011, first providing for the purchase/lease-back of three light-twin emergency medical service helicopters operated in Spain and Portugal. Today, Milestone leases... Read more
26-Sep-2017Source: HeliOffshore
There can be no gambling when it comes to safety, but HeliOffshore’s highly collaborative approach to enhancing the safety of offshore helicopter operations has directly benefitted from a poker tournament held earlier this year. At their fourth annual no-stakes poker tournament, Milestone Aviation funded a prize pool of $50,000 in sponsorship funds to HeliOffshore. The... Read more
10-Aug-2017Source: CHC Helicopters
CHC Helicopter launches its super medium aircraft program with a commitment to lease five new aircraft from GECAS’ Milestone Aviation Group Limited (“Milestone”). This transaction will add three new Leonardo AW189s and two Airbus H175s from Milestone’s order book with the manufacturers to CHC’s global fleet. The new aircraft will be configured for energy transport... Read more
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
9-Mar-2017Source: Milestone Aviation
Milestone Aviation Group Limited (“Milestone”), the global leader in helicopter leasing, wrote $1 billion in leases and letters of intent in 2016, and the value of its helicopter fleet has now surpassed $4 billion. Recent successful transactions serving emergency medical services as well as the search and rescue segment place nearly a quarter of Milestone’s... Read more
7-Mar-2017Source: Airbus
Milestone Aviation Group Limited (“Milestone”), the global leader in helicopter leasing, announced today a €200 million firm order with Airbus Helicopters including H145, H135 and H175 helicopters. Delivery of the aircraft on order is scheduled to begin in mid-2017 with deployment into emergency medical service and other parapublic segments. Milestone’s current helicopter fleet includes over... Read more
7-Mar-2017Source: Milestone Aviation
Milestone Aviation Group Limited (“Milestone”), the global leader in helicopter leasing, announced today that it has leased a Leonardo AW169 to HeliKorea to accelerate its expansion into Emergency Medical Services (EMS) operations in South Korea. The helicopter was sourced from Milestone’s order book with the manufacturer. “We are excited to begin this new partnership with... Read more
7-Mar-2017Source: Milestone Aviation
Milestone Aviation Group Limited (“Milestone”), the global leader in helicopter leasing, announced today that it has leased two Sikorsky S-92 and five Sikorsky S-76D helicopters to be operated by Thai Aviation Services Co., Ltd. (“TAS”). Of the seven aircraft, six were newly delivered from Milestone’s order book, and the seventh was sourced from Milestone’s existing fleet.... Read more
6-Mar-2017Source: Milestone Aviation
Milestone Aviation Group Limited (“Milestone”), the global leader in helicopter leasing, announced today that it will provide two AW139 helicopters from its order book with Leonardo Helicopters to Norsk Luftambulanse AS (“NLA”) to support emergency medical services (HEMS) in Norway. In July, Norway’s National Air Ambulance Service awarded NLA with a six-year contract (with a... Read more
3-Feb-2017Source: Milestone
Milestone Aviation Group Limited (“Milestone”), a GE Capital Aviation Services (“GECAS”) company and the global leader in helicopter leasing, announced today a commitment letter with Bristow Group Inc. (“Bristow”), a leading provider of global industrial aviation services. Under the agreement, Milestone is providing a $230 million secured term loan facility to a subsidiary of Bristow,... Read more
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
18-Nov-2016Source: Milestone Aviation Group
“Omni was Milestone’s first lessee, and we are excited to mark our sixth anniversary with the lease of another S-92 to support their work with Petrobras,” said Milestone President Daniel Rosenthal. “Milestone prides itself on being a long-term partner with operators around the world, and we work hard to provide flexible solutions to assist our... Read more
10-Nov-2016Source: Milestone Aviation
Milestone Aviation Group Limited (“Milestone”), a GE Capital Aviation Services company and the global leader in helicopter leasing, announced today that it has leased two new Airbus H130 helicopters to HEMS999 Company Ltd. (“HEMS999”), a Chinese air ambulance operator subsidiary of MIT Group, to support emergency medical service operations in China’s Shandong Province. “There is... Read more
25-Oct-2016Source: Milestone Aviation
Milestone Aviation Group Limited (“Milestone”), a GE Capital Aviation Services company and the global leader in helicopter leasing, announced today that it has recently leased a new, EMS equipped Leonardo AW139 helicopter to LifeFlight (formerly known as CareFlight) to support emergency medical services (EMS) and search and rescue (SAR) missions in Queensland, Australia. “We are delighted... Read more
17-Oct-2016Source: Allan Blake
In Helitech 2016: Shaking Up the Offshore Helicopter Business I commented that: “some lessors are definitely not welcoming the recently announced Milestone (part of GE) relationship with CHC…have no doubt that the position is pretty dire for those lessors focused on heavy aircraft in the offshore oil and gas market and those with CHC exposure... Read more
12-Oct-2016Source: CHC
CHC Group (the “Company” or “CHC”) (OTC Pink Sheets: HELIQ) today announced that it has entered into a plan support agreement (the “PSA”) with respect to the terms of a chapter 11 plan of reorganization (the “Plan”). The PSA contemplates a comprehensive recapitalization of the Company that will provide $300 million in new capital from... Read more
28-Jul-2015Source: Nova Systems
The recent announcement by the Bristow Group that 130 jobs are at risk in the UK Sector of the North Sea is an ugly enough headline for an industry that, up until 12 months ago, couldn’t get enough pilots to fill helicopter cockpits around the world. But underlying that announcement, the structural effects on the... Read more
15-Jun-2015Source: Bell
Bell Helicopter, a Textron Inc. (NYSE: TXT) company, and Milestone Aviation Group, a GE Capital Aviation Services company announced today plans to move forward with a letter of intent (LOI) to acquire 20 Bell 525 Relentless helicopters. These aircraft will serve a variety of roles with Milestone’s lessees around the world, including oil and gas,... Read more
15-Jun-2015Source: Airbus Helicopters
Airbus Helicopters, a division of Airbus Group, and Milestone Aviation Group, a GE Capital Aviation Services company and the global leader in helicopter leasing, announced today that Milestone has increased its combined orders and options to a total of 28 H175s, the largest order for Airbus’ new super-medium-lift twin-engine rotorcraft. “We have full confidence in... Read more
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
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
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
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
12-Nov-2014Source: Milestone
Milestone Aviation Group, the global leader in helicopter leasing, announced today that it has closed seven of 12 helicopter leases to Bristow Helicopters Limited, an affiliate of the Bristow Group. The helicopters will be used for civilian search and rescue (SAR) services when Bristow Helicopters takes over delivery of UK SAR services on behalf of... Read more
13-Oct-2014Source: Milestone Aviation
GE Capital Aviation Services (GECAS), the aircraft leasing unit of GE (NYSE: GE), today announced the signing of an agreement to acquire Milestone Aviation Group, the Dublin-based helicopter lessor, for $1.775 billion. “The Milestone acquisition is a great fit for GE – it combines GECAS’ global reach and 45+ years in leasing commercial jets with... Read more
9-Sep-2014Source: Milestone
The Milestone Aviation Group Limited (“Milestone”) today announced that it has confidentially submitted a draft registration statement on Form S-1 to the U.S. Securities and Exchange Commission (the “SEC”) relating to a proposed initial public offering of Milestone’s common shares. The number of common shares to be offered and the price range for the proposed... Read more
31-Jul-2014Source: Milestone Aviation
The Milestone Aviation Group Limited (“Milestone”) today announced that it intends to offer (the “Offering”) $350 million in aggregate principal amount of its Senior Notes due 2017 (the “Notes”). Milestone intends to use the net proceeds of the Offering to pay down a portion of its secured debt. The remainder, if any, of the net... Read more
6-Jun-2014Source: Airbus Helicopters
The worldwide fleet of EC225s that perform heli-lift duties for oil and gas operators increased by three today with Airbus Helicopters’ triple delivery of workhorse rotorcraft acquired by Milestone Aviation Group and leased to SonAir – an African operator – which will utilize them in Angola. The handover ceremony in Marignane, France marked the latest... Read more
27-Feb-2014Source: P&WC
Pratt & Whitney Canada (P&WC), a United Technologies Corporation company (NYSE:UTX), and Milestone Aviation Group, a global leader in helicopter leasing, today announced a US$ 75 million, 15-year agreement under which P&WC will offer its Flexible Turboshaft Engine Fleet Management program to Milestone customers. The agreement, signed today at HAI Heli-Expo, will provide P&WC’s customized... Read more
27-Feb-2014Source: AgustaWestland
Milestone Aviation Group, the global leader in helicopter leasing, together with AgustaWestland, a Finmeccanica company, announced today at Helicopter Association International’s Heli-Expo that they have signed a purchase contract for eight new-generation AgustaWestland helicopters as part of the companies’ landmark framework agreement. The framework agreement was initially announced in September 2013. The contract for five... Read more
27-Feb-2014Source: Milestone Aviation Group
Milestone Aviation Group, the global leader in helicopter leasing, and SonAir, the largest African helicopter operator and a subsidiary of the Angolan national oil company Sonangol, announced that three of Milestone’s record order for 30 of Airbus Helicopters’ EC225s will begin performing airlift duties for Angola’s oil and gas sector. The arrangements, announced today on... Read more