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Milestone Aviation Group Closes US$300 Million Credit Facility

  Milestone Aviation Group Closes US$300 Million Credit Facility

   UK Bank Facility for Bristow Assets Is the Largest Ever for a Helicopter
                                    Lessor

Business Wire

DUBLIN -- July 29, 2013

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.

The Milestone facility is the largest-ever for a helicopter lessor. Lloyds
Bank acting through its Corporate Asset Finance division was Mandated Lead
Arranger and Facility Agent while Lombard, the dedicated asset finance arm of
The Royal Bank of Scotland Group, and Barclays Bank served as Original Lenders
for the credit facility.

“We are delighted to have closed this innovative, single lessee transaction
with Lloyds, Barclays and Lombard,” said Richard Santulli, Milestone’s
Chairman and CEO. “We structured this transaction with Bristow and worked
together to bring it to completion. The proceeds will allow us to continue to
support Bristow and grow this important relationship while diversifying our
sources of capital.”

Milestone’s capital strategy is focused on developing diverse sources of
funding to conservatively grow its business and best meet the needs of the
helicopter community. The company has over $500 million in equity capital and
has raised $1.8 billion in debt commitments from leading banks in North
America, Europe and Asia as well as insurance companies and the US capital
markets.

Note to the Editor:

ABOUT MILESTONE AVIATION GROUP

Milestone Aviation Group is the world’s leading helicopter lessor. The company
partners with helicopter operators globally and supports them through 100
percent operating-lease financing. Milestone provides financing for
helicopters, serving a variety of industries, including offshore oil-and-gas,
search-and-rescue, emergency medical services, police surveillance, mining and
other utility missions. Since launching in August 2010, Milestone has acquired
more than 100 aircraft valued at over $1.5 billion and closed leases with 22
operators in over 20 countries. Further information is available at
www.milestoneaviation.com.

Contact:

Media:
Kekst and Company
Eric Berman / Nathan Riggs
+1 212-521-4894 / +1 212-521-4804
eric-berman@kekst.com / nathan-riggs@kekst.com