Milestone Surpasses $1.3 Billion in Aircraft
Milestone Surpasses $1.3 Billion in Aircraft
DUBLIN--(BUSINESS WIRE)-- Milestone Aviation Group, the global leader in helicopter leasing, today circulated its full year 2012 financial results to investors and provided an update to the market.
Milestone's young fleet, which ranges from light-twin to heavy helicopters, now includes over 90 aircraft from AgustaWestland, Bell, Eurocopter and Sikorsky valued at over $1.3 billion. Additionally, the company has increased its firm and option orders for new helicopters to over $2.2 billion.
William Kelly, Milestone's Chief Executive Officer, commented, "We are pleased with the progress we made in 2012 and the first few months of 2013. However, our focus is on continuing to build Milestone into an even stronger company that delivers value for our customers and all of our key stakeholders. We are encouraged by the industry trends we are seeing, and we look forward to providing additional capital to our partners and high-quality helicopter operators around the world."
ABOUT MILESTONE AVIATION GROUP
Milestone Aviation Group is the first global aircraft leasing company exclusively focused on helicopters. Milestone's global aircraft leasing platform addresses the liquidity needs of the market through 100% operating lease financing. Since launching in August 2010, Milestone has acquired more than 90 aircraft valued at more than $1.3 billion and closed leases with 21 operators in 20 countries. In addition, the company has placed future firm helicopter orders and secured options valued at more than $2.2 billion.
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.
Kekst and Company
Eric Berman/Nathan Riggs, +1-212-521-4800
eric-berman@kekst.com / nathan-riggs@kekst.com
KEYWORDS: United States Europe Asia Pacific North America Singapore New York Ireland
INDUSTRY KEYWORDS:
The article Milestone Surpasses $1.3 Billion in Aircraft originally appeared on Fool.com.
Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.
