Milestone Inks $400M+ Deals with Eurocopter, Sikorsky

AINalerts » February 13, 2012
February 13, 2012, 3:25 PM

In two separate deals announced yesterday at Heli-Expo, global aircraft finance company Milestone Aviation Group signed orders for 16 Eurocopter EC225s and three Sikorsky S-92s. The Eurocopter order is valued at $480 million; terms of the Sikorsky contract were not disclosed. Deliveries of the EC225s are planned to start next year, with Milestone taking approximately three aircraft per year. In the Sikorsky deal, Milestone will take two S-92s in the second half of this year, with the third slated for delivery early next year. The aircraft are intended for lease to Milestone customers, and some of them could have already found a home. Milestone also announced yesterday a leasing agreement with Bristow Group to lease five large helicopters worth about $135 million. “Demand for these machines is extraordinary, and they will quickly enter the field performing mission-critical or utility work with operators in the oil and gas, EMS or search and rescue sectors,” said Milestone chairman Richard Santulli. Milestone works with both smaller operators that don’t have the financial resources to purchase helicopters necessary for their growth, and major operators that seek more flexibility in deploying capital.

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