Helicopters Milestone Aviation leases four S-92 helicopters

  • General Electric

Milestone Aviation Group, a General Electric Capital Aviation Services company, has announced the purchase and leaseback of four Sikorsky S-92 helicopters.

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The acquisition of these aircraft expands Milestone’s owned and debt financed fleet of S-92 helicopters to over 95 — more than one third of all S-92 aircraft in operation globally. The helicopters are used for offshore oil and gas transportation as well as search and rescue operations.

“With their continued commitment to the platform, driving both availability and affordability, Sikorsky has demonstrated a focus on keeping these aircraft competitive,” said Daniel Rosenthal, Milestone President and CEO, noting “Milestone takes pride in our partnership with Sikorsky and our ability to place these aircraft in operation while securing our fleet’s future marketability.”

“As the largest owner of S-92’s in the world, Milestone’s commitment to the type is second to none,” said Sikorsky’s Vice President, Commercial Systems & Services, Dana Fiatarone. “We value our collaboration with Milestone, and Sikorsky is committed to future enhancements and continued support to ensure the S-92 remains the offshore commercial helicopter of choice for operators.”

Milestone Aviation Group is one of the world’s largest helicopter leasing and financing companies with a fleet worth over $4.0 billion plus a loan portfolio and debit commitments of approximately $400 million. According to its website, the company supports over 37 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.

The Sikorsky S-92 is a medium-lift helicopter with a maximum capacity for up to 19 passengers. Since its introduction in 2004, Sikorsky has produced over 200 S-92.

Source © genewsroom.com

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