Milestone Aviation places order for AW169 and AW139 helicopters
Milestone Aviation Group, a leader in helicopter leasing, ordered 6 new AW139 and 3 AW169 helicopters valued €90M. Already leased 11 and 7 respectively in 2016
Leonardo, March 07, 2017 - Dallas – Leonardo and Milestone Aviation Group Limited, a leader in helicopter leasing, today announced a contract for nine aircraft – six AW139 and three AW169 helicopters – expected to deliver in 2017 and 2018.
The order, valued at €90 million, reaffirms Milestone’s commitment to the Leonardo “family” with an order book now consisting of AW169, AW139 and AW189 helicopters.
“Milestone has had great success with both the AW139 and AW169 in 2016, and we continue to see an array of opportunities for these aircraft across missions around the globe,” said Daniel Rosenthal, President and CEO of Milestone. “The majority of the helicopters in this order have already been placed with customers to support contracts beginning in 2017 and 2018.”
Milestone leased seven AW169 aircraft in 2016 into geographically diverse emergency medical service segments, reinforcing the lessor’s focus on enabling life-saving missions globally.
Milestone also leased 11 AW139s in 2016, with most of those helicopters serving non-oil and gas missions, proving the versatility of the aircraft.
“We are thrilled Milestone believes strongly in the capability and value delivered by Leonardo’s “family” of new technology, efficient, multi-role helicopters,” said Daniele Romiti, Managing Director of Leonardo Helicopters. “We look forward to Milestone’s partnership in growing the fleet and operator base for the AW169, AW139 and AW189 through innovative lease and debt solutions.”
About Milestone Aviation Group: Milestone Aviation Group, a GE Capital Aviation Services company, is the world's leading helicopter leasing and financing company. Milestone has a fleet of helicopters worth over US $4.0 billion plus debt commitments of approximately $400 million. The company has a forward order book of firm and option aircraft with an estimated aggregate purchase price in excess of US $3 billion. Milestone partners with helicopter operators worldwide, providing a wide array of financial and productivity solutions, including operating leases, purchase/leasebacks, secured debt financing, engine leasing and fleet advisory. The company supports over 35 customers in more than 30 countries serving a variety of industries, including offshore oil and gas, search and rescue, emergency medical services, police surveillance, mining and other utility missions.
About Leonardo: Leonardo is among the top ten global players in Aerospace, Defence and Security and Italy’s main industrial company. As a single entity from January 2016, organised into seven business divisions (Helicopters; Aircraft; Aero-structures; Airborne & Space Systems; Land & Naval Defence Electronics; Defence Systems; Security & Information Systems), Leonardo operates in the most competitive international markets by leveraging its areas of technology and product leadership. Listed on the Milan Stock Exchange (LDO), at 31 December 2015 Leonardo recorded consolidated revenues of 13 billion Euros and has a significant industrial presence in Italy, the UK and the U.S.
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AgustaWestland AW169 in Milestone Aviation