AgustaWestland and Milestone Aviation Group Agree Historic Multi-aircraft
DUBLIN -- September 25, 2013
Milestone Aviation Group, the global leader in helicopter leasing, today
announced at Helitech International that they have agreed a multi-aircraft,
multi-year Framework Agreement with AgustaWestland for the purchase of a
significant number of helicopters in a combination of the AW169, AW139 and
AW189 models from the AgustaWestland Family of new generation helicopters.
These aircraft will enter into service globally in support of Milestone’s
lessees serving offshore oil and gas transportation services, HEMS, SAR,
para-public and other utility missions. When fully executed the Framework
Agreement will be the largest civilian helicopter sale in AgustaWestland
“Our Agreement with AgustaWestland enables Milestone to continue to expand
globally and to provide our customers with near-term deliveries of the
state-of-the-art rotorcraft that they require,” said Milestone’s Chairman and
CEO Richard Santulli. “We have experienced strong demand for AgustaWestland
aircraft, so we are thrilled to be expanding our partnership to provide
operators around the world with access to their world-class equipment.”
“Our partnership with Milestone, a world-class, leading player in helicopter
leasing, speaks volumes to the growing market demand and success of the AW169,
AW139, and AW189 family of aircraft,” said Daniele Romiti, Chief Executive
Officer, AgustaWestland. “We are excited to be working with Milestone to
provide operators around the world with greater access to our aircraft through
100% operating lease financing.”
Milestone Aviation Group has 18 AgustaWestland aircraft in its fleet today.
These aircraft are on lease to operators in Asia, Australia, Europe and the
Americas serving the offshore oil and gas and emergency medical service
industries. The company has an additional 8 AgustaWestland aircraft under
letter of intent all of which should deliver and be on lease within the next
12 months. These figures do not take into account the additional demand
Milestone expects as a result of this Framework Agreement.
Customers of Milestone Aviation Group, a global helicopter leasing company
founded in August 2010 and headquartered in Dublin, Ireland, will benefit from
the commonalities across the AW139, AW169 and AW189 Family of new generation
helicopters spanning the 4 to 8-tonne weight classes. Sharing a common design
approach and cockpit, complying with the latest safety and certification
standards and with maintenance and training commonalities, the Family concept
offers a range of benefits to operators of more than one type.
To date, over 200 customers from nearly 60 countries have ordered nearly 740
AW139 helicopters, making it the market leader in its class. With the large
number of advance orders for the AW189 and AW169, set to achieve certification
in 2013 and 2014, respectively, the Family has found rapid market success with
orders for two out of three or all three types from a number of major large
fleet operators also including Bristow Group, Bond Aviation Group, Bel Air,
Gulf Helicopters, INAER, Weststar Aviation Services and Era. Over 80 AW189s
and more than 100 AW169s have been sold globally so far.
About Milestone Aviation Group:
Milestone Aviation Group is the global leader in helicopter leasing. The
company partners withhelicopter operators worldwide and supports them through
100 per cent operating lease financing.Milestone provides financing for
helicopters, serving avariety of industries, including offshore oil and
gas,search and rescue, emergency medical services, police surveillance,
mining and other utilitymissions. Since launching in August 2010, Milestone
has acquired more than 100 helicopters valued at over $1.5 billion and closed
leases with 22 operators in over 20 countries on six continents. Further
information is available at www.milestoneaviation.com.
This press release contains forward‐looking statements. Forward‐looking
statements involve uncertainties, risks and assumptions, since these
statements include information concerning Milestone’s possible or assumed
future results or performance, operations, business strategies, financing
plans and potential growth opportunities. Forward‐looking statements speak
only as of the date they were made, and Milestone undertakes no obligation to
update publicly or to revise any forward‐looking statements because of new
information, future events or other factors. In light of the risks and
uncertainties described above, the forward‐looking events and circumstances
discussed herein might not occur and are not guarantees of future performance.
Milestone’s actual results and performance could differ substantially from
those anticipated in its forward‐looking statements.
Milestone Aviation Group
Eric Berman / Nathan Riggs of Kekst and Company
+1 212 521 4894 / +1212 521 4804
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