Milestone Announces Sale of Sikorsky S-92 Helicopter to New Customer China Southern Airlines
DUBLIN – Wednesday, March 01, 2023 – The Milestone Aviation Group Limited (“Milestone”), the global leader in helicopter leasing, today announced it has sold a Sikorsky S-92 helicopter to China Southern Airlines General Aviation (“CSAGA”), a new customer for Milestone.
The helicopter is configured for offshore passenger transport and will be deployed on critical offshore oil and gas missions in China.
Pat Sheedy, the CEO of Milestone Aviation, said, ”We are very pleased to welcome China Southern as a new customer to Milestone, following a long and successful business relationship with our parent company, AerCap. We thank the team at China Southern for the confidence they have placed in Milestone and look forward to working with them in the future.”
Li Erbao, the Chairman of CSAGA, said, “This transaction marks the beginning of our partnership with Milestone Aviation. With the growing demand for offshore oil and gas exploration and production, as well as the continuing development of the broader Chinese aviation industry, I believe there will be many opportunities in the future for further collaboration with the Milestone team.”
About Milestone
Milestone Aviation Group, an AerCap company, is the world’s leading helicopter leasing and financing company. 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 50 customers in more than 40 countries serving a variety of industries, including offshore oil and gas, search and rescue, emergency medical services, police surveillance, mining, fire-fighting, and other utility missions. www.milestoneaviation.com
About AerCap
AerCap is the global leader in aviation leasing with one of the most attractive order books in the industry. AerCap serves approximately 300 customers around the world with comprehensive fleet solutions. AerCap is listed on the New York Stock Exchange (AER) and is based in Dublin with offices in Shannon, Miami, Singapore, Memphis, Amsterdam, Shanghai, Dubai, Seattle, Toulouse and other locations around the world.
About China Southern Airlines General Aviation
CSAGA, a China Southern Airlines company, is a leading general aviation corporation in China with more than 40 years of helicopter and fixed-wing operation experience. CSAGA currently manages more than 30 helicopters of 11 types and is fully experienced in all kinds of flying missions such as offshore oil and gas, offshore turbine maintenance, power-line patrol, live-line maintenance, insulator flushing, tower erection, firefighting, SAR, passenger and cargo transport.
Forward-Looking Statements
This press release contains certain statements, estimates and forecasts with respect to future performance and events. These statements, estimates and forecasts are “forward-looking statements”. In some cases, forward-looking statements can be identified by the use of forward-looking terminology such as “may,” “might,” “should,” “expect,” “plan,” “intend,” “will,” “aim,” “estimate,” “anticipate,” “believe,” “predict,” “potential” or “continue” or the negatives thereof or variations thereon or similar terminology. All statements other than statements of historical fact included in this press release are forward-looking statements and are based on various underlying assumptions and expectations and are subject to known and unknown risks, uncertainties and assumptions, and may include projections of our future financial performance based on our growth strategies and anticipated trends in our business. These statements are only predictions based on our current expectations and projections about future events. There are important factors, including the impacts of, and associated responses to: the Ukraine Conflict, the Covid-19 pandemic, our ability to successfully integrate GECAS’ operations and employees and realize anticipated synergies and cost savings; and the potential impact of the consummation of the GECAS transaction on relationships, including with employees, suppliers, customers and competitors, that could cause our actual results, level of activity, performance or achievements to differ materially from the results, level of activity, performance or achievements expressed or implied in the forward-looking statements. As a result, we cannot assure you that the forward-looking statements included in this press release will prove to be accurate or correct. In light of these risks, uncertainties and assumptions, the future performance or events described in the forward-looking statements in this press release might not occur. Accordingly, you should not rely upon forward-looking statements as a prediction of actual results and we do not assume any responsibility for the accuracy or completeness of any of these forward-looking statements. Except as required by applicable law, we do not undertake any obligation to, and will not, update any forward-looking statements, whether as a result of new information, future events or otherwise.
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