Milestone Sells 12-Helicopter Portfolio to Macquarie Rotorcraft
Dublin – Wednesday, March 29, 2023 – The Milestone Aviation Group Limited (“Milestone”) today announced that it has signed an agreement to sell a 12-helicopter portfolio to Macquarie Rotorcraft.
The 12-helicopter portfolio consists of a mix of Sikorsky S-92, Airbus H135, Bell 412, and Leonardo AW109, AW139 and AW189 helicopters which are currently on lease to six customers in nine countries across Europe, the Middle East, Africa and South-East Asia. The aircraft are currently deployed across a wide variety of missions including offshore energy, EMS, and police services.
“Unlike the fixed-wing market, portfolio sales have not been as prevalent in helicopter leasing. This transaction between the two leading owners of leased rotorcraft, is another example of the growing maturity of the helicopter leasing sector and reinforces the strong liquidity that we are seeing,” said Pat Sheedy, the CEO of Milestone Aviation. “The ability to trade on lease assets is a critical part of portfolio management for lessors of scale and we are pleased to partner with such a strong industry player as Macquarie Rotorcraft, and to work together to execute what is a sizeable portfolio transaction.”
“We are excited to partner with Milestone on this important transaction. Acquiring these assets expands our ability to meet the growing needs of our customers and demonstrates the increasing sophistication of the helicopter finance market,” said John Petkovic, CEO of Macquarie Rotorcraft.
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
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 Macquarie Rotorcraft
Macquarie Rotorcraft provides specialised helicopter leasing, financing, and business solutions to 30 customers in 32 countries. Macquarie Rotorcraft has offices in Dallas, Limerick, London, Singapore, and Cape Town. www.macquarierotorcraft.com
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