Milestone Books $205 Million in Helicopter Leases

AINonline
March 6, 2011, 9:20 AM

At Heli-Expo, Milestone Aviation Group, a global finance company for the helicopter and private jet markets, today announced $205 million in helicopter lease transactions since its launch in August. This includes leases for 20 new and pre-owned helicopters worth $141 million, as well as signed letters of intent for an additional $64 million in equipment from Aeroservicios Especializados of Mexico;  Grand Prarie, Texas-based CareFlite; Global Vectra of India; Vancouver-based Helijet International; Inaer of Europe; and Brazil-based Omni Taxi Aereo. These operators use the helicopters in a range of industries–offshore oil and gas, EMS and government contract transport.  “In just six months since we launched Milestone, we have already reached $205 million worth of transactions to provide lease financing to high-quality helicopter and private jet operators,” said Milestone chairman Richard Santulli. Milestone provides 100-percent financing for short or long-term leases on new or pre-owned helicopters, as well as the sale-leaseback of existing assets. The Dublin, Ireland-based company, which secured $500 million of equity in August to provide lease financing for helicopters and private jets markets, is currently in various stages of discussions with helicopter operators and private jet owners on six continents.

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