GECAS, Milestone Aviation open new office in Sydney, Australia
Milestone Aviation and GE Capital Aviation Services (GECAS) opened a new office in Sydney, Australia, May 1, 2017 to better support Australian customers
GECAS, May 22, 2017 - Dublin, Ireland - Milestone Aviation Group 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 are on the ground with our Australian customers, we can provide them with better service and the most efficient financial structures,” said Robert Dranitzke, Executive Vice President Commercial for Milestone. “GE has operated in Australia since 1896, and we are proud to join the GE legacy of investing in and finding solutions for customers in the country.”
GECAS’ commitment to the Australian market started in 2001 with an operating lease for Virgin Blue Airlines. Today, GECAS’ combined total investments and assets on lease in Australia are nearly half a billion USD. This investment includes 17 helicopters valued at approximately $345 million on lease to operators such as Babcock, Bristow, CHC and LifeFlight Australia, plus five fixed-wing aircraft with Airnorth and Jetgo Australia; and engine leases with operators such as Virgin Australia and Jetstar.
With our new office in place and our continued focus on providing customised financing solutions to our Australian customers, we are expecting exponential growth in the next few years,” said Dranitzke.
Antony Snelleman, Senior Vice President Commercial for Milestone Aviation, will head the new office, which is located at 99 Walker Street, North Sydney. “We are excited to grow our footprint in the Australian market, and we look forward to increasing our business with our fixed- and rotor-wing partners, including those in search and rescue, emergency medical services, and offshore oil and gas,” said Snelleman.
The primary sales executives for customers in Australia are Brett Rankin, Milestone’s VP Commercial – South Asia Pacific Region, and Aashish Sonawala, GECAS’ Senior Vice President, Asia Region.
Acquired by GECAS in 2015, Milestone is the leading helicopter leasing and financing company in the industry and backed by GECAS’ unparalleled financial strength and 50 years of industry experience.
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. www.milestoneaviation.com
About GE Capital Aviation Services (GECAS): GECAS is a world leader in aviation leasing and financing with 50 years of experience. The GECAS portfolio comprises a wide range of aircraft types including narrowbodies, widebodies, regional jets, turboprops, freighters and helicopters. GECAS offers multiple financing products and services including operating leases, purchase/leasebacks, secured debt financing, capital markets, engine leasing, airframe parts management and airport/airline consulting. GECAS owns or services a fleet of over 1,950 aircraft (~1,700 fixed wing/ ~250 rotary wing) in operation or on order, plus provides loans collateralized on an additional ~400 aircraft. GECAS serves ~ 270 customers in over 75 countries from a network of 25 offices. www.gecas.com
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