Milestone Aviation Provides Two Medium Helicopters to FAASA for Firefighting Missions

Oct. 2, 2017
Milestone Aviation Group announced today that it has entered into an agreement to lease two B412SP helicopters to FAASA Aviacion S.A. of Spain to support their expanded firefighting services.

Dublin, Ireland, Oct 2, 2017 – Milestone Aviation Group (“Milestone”), announced today that it has entered into an agreement to lease two B412SP helicopters to FAASA Aviacion S.A. of Spain to support their expanded firefighting services. The two helicopters owned by Milestone, the global leader in helicopter leasing, were previously on lease to a Brazilian operator and utilized in oil and gas support missions. The helicopters are currently in Spain, where FAASA is carrying out reconfiguration work to facilitate the new firefighting mission.

“Milestone is proud to begin a new partnership with FAASA, a long established and respected helicopter operator and service provider,” said Milestone Commercial Vice President for Europe, Sebastien Moulin. “We are very pleased to provide the helicopters that meet their needs, and again prove the versatility of this asset class transitioning helicopters from a primarily oil and gas mission to a firefighting mission.”

“FAASA has a fifty-year history of providing safe and reliable helicopter utility services,” said Hector Tamarit Almagro, CEO. “We operate a fleet of over 80 helicopters in both Europe and South America-- Milestone is an ideal leasing partner for us with a truly global team and a diverse fleet of helicopters. We look forward to continuing to partner with Milestone as we innovate our business.”

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 a loan portfolio and 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

GE Capital Aviation Services (GECAS) is a world leader in aviation leasing and financing. With 50 years of aviation finance experience, GECAS offers a wide range of aircraft types including narrow-bodies, wide-bodies, regional jets, turboprops, freighters and helicopters, plus 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 (1,660 fixed wing/ 306 rotary wing) in operation or on order, plus provides loans collateralized on an additional ~400 aircraft. GECAS serves ~264 customers in over 75 countries from a network of 26 offices.www.gecas.com 

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