Milestone Aviation

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Thai Aviation Services to replace S76Ds with AW139s

Thai Aviation Services to replace S76Ds with AW139s

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

Milestone to lease two H145s to Quark Expeditions

Milestone to lease two H145s to Quark Expeditions

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

Milestone announces purchase leaseback with NHV for an AW169

Milestone announces purchase leaseback with NHV for an AW169

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

Milestone lease five-blade H145 to Al-Sharqiya Aviation in Oman

Milestone lease five-blade H145 to Al-Sharqiya Aviation in Oman

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

Milestone & Wiking strengthen partnership

Milestone & Wiking strengthen partnership

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

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

Milestone Aviation and NHV Group expand partnership

Milestone Aviation and NHV Group expand partnership

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

Milestone Aviation adds 11 Airbus H225 to Air Center Helicopters’ Fleet

Milestone Aviation adds 11 Airbus H225 to Air Center Helicopters’ Fleet

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

NHV awarded H145 contract by German Air Force

NHV awarded H145 contract by German Air Force

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

GE writes off $729M of goodwill in Milestone Aviation

GE writes off $729M of goodwill in Milestone Aviation

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

Thora Capital buys six EMS helicopters from Milestone

Thora Capital buys six EMS helicopters from Milestone

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

Milestone Announces Leases of 7 Helicopters with Héli-Union

Milestone Announces Leases of 7 Helicopters with Héli-Union

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

Milestone Aviation Group names CEO

Milestone Aviation Group names CEO

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

Milestone CEO promoted to top GECAS role

Milestone CEO promoted to top GECAS role

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

Heligo receives its first H145

Heligo receives its first H145

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

Aramco to acquire five Airbus H145s via Milestone

Aramco to acquire five Airbus H145s via Milestone

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

Aramco signs AW139 fleet renewal deal

Aramco signs AW139 fleet renewal deal

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

Milestone announces two key appointments

Milestone announces two key appointments

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

Milestone grows S92 fleet to 95 Helicopters

Milestone grows S92 fleet to 95 Helicopters

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

Milestone Aviation provides four new H135 helicopters to ADAC

Milestone Aviation provides four new H135 helicopters to ADAC

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

Milestone Aviation sponsors HeliOffshore key safety programmes

Milestone Aviation sponsors HeliOffshore key safety programmes

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

HeliInvestor 2018: Alliances or Band-Aids?

HeliInvestor 2018: Alliances or Band-Aids?

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

Milestone leases eight AW139s to China EMS operator

Milestone leases eight AW139s to China EMS operator

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

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 Group Supports Indian Heligo’s Growth

Milestone Aviation Group Supports Indian Heligo’s Growth

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

Milestone leases two AW169s to Alidaunia in Italy

Milestone leases two AW169s to Alidaunia in Italy

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

Milestone leases two Bell 412s to FAASA for firefighting

Milestone leases two Bell 412s to FAASA for firefighting

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

Milestone and Babcock celebrate lease fleet of 50

Milestone and Babcock celebrate lease fleet of 50

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

Milestone Aviation Poker Tournament Benefits HeliOffshore

Milestone Aviation Poker Tournament Benefits HeliOffshore

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

Milestone helps CHC launch SuperMedium program

Milestone helps CHC launch SuperMedium program

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

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 Aviation Helicopter Fleet Value Surpasses $4 Billion

Milestone Aviation Helicopter Fleet Value Surpasses $4 Billion

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

Milestone places €200 million firm order with Airbus Helicopters for H135, H145 and H175

Milestone places €200 million firm order with Airbus Helicopters for H135, H145 and H175

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

Milestone lease AW169 to HeliKorea

Milestone lease AW169 to HeliKorea

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

Milestone Provides two S92s and five S76Ds to Thai Aviation Services

Milestone Provides two S92s and five S76Ds to Thai Aviation Services

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

Milestone Aviation to lease two AW139s to Norsk Luftambulanse

Milestone Aviation to lease two AW139s to Norsk Luftambulanse

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

Milestone provides $230M Secured Debt Facility to Bristow Group

Milestone provides $230M Secured Debt Facility to Bristow Group

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

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 Leases S-92 to Omni Táxi Aéreo

Milestone Leases S-92 to Omni Táxi Aéreo

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

Milestone Contributes to Growth of Emergency Medical Services Capabilities In China

Milestone Contributes to Growth of Emergency Medical Services Capabilities In China

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

Australia – Milestone to Lease AW139 to LifeFlight

Australia – Milestone to Lease AW139 to LifeFlight

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

Waypoint tries to scupper CHC marriage to Milestone

Waypoint tries to scupper CHC marriage to Milestone

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

Milestone gets in bed with CHC

Milestone gets in bed with CHC

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

Offshore Helicopter Leasing – an Existential Risk?

Offshore Helicopter Leasing – an Existential Risk?

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

Milestone signs LOI for 20 Bell 525s

Milestone signs LOI for 20 Bell 525s

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

Milestone orders up to 28 Airbus H175s

Milestone orders up to 28 Airbus H175s

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

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

Milestone finances 11 S92s and an AW189 for Bristow UK SAR fleet

Milestone finances 11 S92s and an AW189 for Bristow UK SAR fleet

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

Milestone Aviation sold for $1.8 billion to GE Capital

Milestone Aviation sold for $1.8 billion to GE Capital

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

Milestone Aviation Group prepares for IPO

Milestone Aviation Group prepares for IPO

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

Milestone announces proposed private offering of $350M Notes

Milestone announces proposed private offering of $350M Notes

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

SonAir receives three EC225s, financed through Milestone

SonAir receives three EC225s, financed through Milestone

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

Pratt & Whitney Canada and Milestone Sign $75M fifteen year deal

Pratt & Whitney Canada and Milestone Sign $75M fifteen year deal

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

Milestone Aviation Group signs for five AW139s and three AW189s

Milestone Aviation Group signs for five AW139s and three AW189s

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

Milestone leases three EC225s to SonAir

Milestone leases three EC225s to SonAir

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

Partnership Between Milestone Aviation Group and Turbomeca Achieves Landmark

Partnership Between Milestone Aviation Group and Turbomeca Achieves Landmark

26-Feb-2014Source: Milestone

Less than one year after launching a first-of-its-kind partnership offering unique services to Milestone customers, helicopter engine manufacturer Turbomeca (Safran) and Milestone Aviation Group, the global leader in helicopter leasing, celebrated a landmark with the announcement that the Milestone fleet has surpassed 100 Turbomeca engines. As of December 31, 2013, the Milestone fleet included 106... Read more

Milestone leases world’s first operational S-76D to National Helicopter Services

Milestone leases world’s first operational S-76D to National Helicopter Services

26-Feb-2014Source: Milestone Aviation Group

Milestone Aviation Group, the global leader in helicopter leasing, announced today at Helicopter Association International’s Heli-Expo that it has financed the delivery of a Sikorsky S-76D to Trinidad and Tobago’s National Helicopter Services Limited (NHSL). The NHSL, which is a joint venture between the Government of Trinidad and Tobago and The National Gas Company of... Read more

Milestone signs for another eight S92s

Milestone signs for another eight S92s

25-Feb-2014Source: Sikorsky

Milestone Aviation Group, the global leader in helicopter leasing, and Sikorsky Aircraft Corporation announced today at Helicopter Association International’s Heli-Expo that Milestone has increased its S-92 order book by eight units. Sikorsky is a subsidiary of United Technologies Corp. (NYSE:UTX). Milestone is already one of the world’s largest S-92 owners and with today’s announcement, it has... Read more

Milestone Aviation Group Surpasses US$ 2.2 Billion in Helicopters

Milestone Aviation Group Surpasses US$ 2.2 Billion in Helicopters

24-Feb-2014Source: Milestone Aviation Group

Milestone Aviation Group, the global leader in helicopter leasing, today provided an operating update to the market in advance of Helicopter Association International’s Heli-Expo which includes information as of December 31, 2013. Milestone’s fleet, which ranges from light-single to heavy-twin helicopters, now includes 143 aircraft valued at more than US$ 2.2 billion. The aircraft are... Read more

Milestone closes US$200M Unsecured Revolving Credit Line

Milestone closes US$200M Unsecured Revolving Credit Line

10-Jan-2014Source: Milestone

Milestone Aviation Group, the global leader in helicopter leasing, announced today that it has closed on an unsecured US$ 200 million revolving credit line. The new facility increases Milestone’s unsecured borrowing capacity to US$ 450 million and revolving borrowing capacity to US$ 800 million. Today’s announcement follows on the heels of the company’s January 7,... Read more

Milestone completes US$575M Private Placement Debt Financing

Milestone completes US$575M Private Placement Debt Financing

8-Jan-2014Source: Milestone

Milestone Aviation Group, the global leader in helicopter leasing, announced today that it has successfully completed the private placement of US$ 575 million of senior secured notes. The company intends to use the proceeds to fund the continued expansion of its business and to refinance existing debt. The senior secured notes, which have an average... Read more

Milestone finances AW109SP GrandNew for Sloane Helicopters

Milestone finances AW109SP GrandNew for Sloane Helicopters

22-Oct-2013Source: Milestone Aviation Group

Milestone Aviation Group, the global leader in helicopter leasing, announced today that it has financed the delivery of an AgustaWestland AW109 GrandNew to Sloane Helicopters. Sloane, a UK-based provider of helicopter sales and services, will use the helicopter for the UK’s East Midland Helicopter Emergency Medical Service (HEMS), the Derbyshire, Leicestershire & Rutland Air Ambulance... Read more

AgustaWestland and Milestone agree historic multi-aircraft framework agreement

AgustaWestland and Milestone agree historic multi-aircraft framework agreement

25-Sep-2013Source: AgustaWestland

AgustaWestland, a Finmeccanica company, today announced at Helitech International that Milestone Aviation Group has agreed a multi-aircraft, multi-year Framework Agreement for the purchase of a significant number of helicopters in a combination of the AW169, AW139 and AW189 models from the AgustaWestland Family of new generation helicopters. These aircraft will enter into service globally in... Read more

Milestone Aviation Group adds industry veteran to Advisory Board

Milestone Aviation Group adds industry veteran to Advisory Board

24-Sep-2013Source: Milestone Aviation

Milestone Aviation Group, the global leader in helicopter leasing, announced today that Peter Bull, the highly-regarded industry veteran and risk and asset management expert, has joined the Group’s Advisory Board. Richard Santulli, Milestone’s Chairman and Chief Executive Officer, said, “We are delighted that Peter has joined our Advisory Board. Asset and risk management are the... Read more

Milestone Aviation Group secures US$600M revolving credit line

Milestone Aviation Group secures US$600M revolving credit line

8-Aug-2013Source: Milestone Aviation Group

Milestone Aviation Group, the global leader in helicopter leasing, announced today that it has closed on a five-year, US$600 million revolving credit line that includes an unfunded revolving accordion feature to expand the borrowing capacity up to US$750 million. This revolver represents the largest-ever debt facility for a helicopter lessor and will be used to... Read more

Milestone closes US$300M credit facility to acquire/lease Bristow aircraft

Milestone closes US$300M credit facility to acquire/lease Bristow aircraft

31-Jul-2013Source: Milestone Aviation

Milestone Aviation Group, the global leader in helicopter leasing, announced today that it has closed a new US$300 million credit facility. The company will use the proceeds to acquire and lease helicopters valued at US$400 million to affiliates of Bristow Group Inc. The assets include Sikorsky S-92’s, Eurocopter EC225’s and AgustaWestland AW189 and AW139 aircraft.... Read more

Milestone supports Blueway with financing of 4th EC225

Milestone supports Blueway with financing of 4th EC225

31-Jul-2013Source: Milestone Aviation

Milestone Aviation Group, the global leader in helicopter leasing, announced today that it is financing the delivery of a Eurocopter EC225 to Blueway Offshore Norge AS, a subsidiary of Blueway AS. The Norwegian registered aircraft will be used for crew change missions to offshore oil and gas platforms in the North Sea. The European delivery... Read more

An inside look at Milestone and the first ever helicopter export credit bond

An inside look at Milestone and the first ever helicopter export credit bond

20-Jun-2013Source: Corporate Jet Investor

Milestone launched the largest helicopter export credit deal ever in 2013. It was a transaction of many firsts: Milestone’s first export credit guaranteed deal; the US Export-Import Bank’s first bond secured by helicopters; and Deutsche Bank’s first Ex-Im guaranteed bond issuance.   See full story... Read more

Ex-Im Bank guarantees $187M for S92 exports to Milestone Aviation Group

Ex-Im Bank guarantees $187M for S92 exports to Milestone Aviation Group

4-Jun-2013Source: Ex-Im Bank

The Export-Import Bank of the United States (Ex-Im Bank) is providing a $187.4 million guarantee of a capital-markets bond to finance the export of Sikorsky S-92® helicopters to The Milestone Aviation Group Ltd. of Dublin, Ireland. The transaction is Ex-Im Bank’s largest financing of U.S.-manufactured commercial helicopter exports and the agency’s first support of these... Read more

Milestone Surpasses $1.3 Billion in Aircraft

Milestone Surpasses $1.3 Billion in Aircraft

19-Apr-2013Source: Milestone Aviation Group

Milestone Aviation Group, the global leader in helicopter leasing, today circulated its full year 2012 financial results to investors and provided an update to the market. Milestone’s young fleet, which ranges from light-twin to heavy helicopters, now includes over 90 aircraft from AgustaWestland, Bell, Eurocopter and Sikorsky valued at over $1.3 billion. Additionally, the company... Read more

Eurocopter and Milestone Aviation Group getting closer together

Eurocopter and Milestone Aviation Group getting closer together

6-Mar-2013Source: 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... Read more

Milestone Aviation Group and Turbomeca Launch Groundbreaking Comprehensive Partnership

Milestone Aviation Group and Turbomeca Launch Groundbreaking Comprehensive Partnership

6-Mar-2013Source: Turbomeca

Leading helicopter engine manufacturer Turbomeca (Safran) and Milestone Aviation Group, the global leader in helicopter leasing, announced today at Heli-Expo a first-of-its-kind partnership, offering unique services to Milestone customers while expanding Turbomeca’s customer base. A culmination of efforts announced last year to develop novel engine support solutions and services for Milestone’s lease customers around the... Read more

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