Milestone completes lease to HeliKorea to help it expand into emergency medical service operations
DALLAS, March 6, 2017 Milestone Aviation Group Limited ("Milestone"), the global leader in helicopter leasing, announced today that it has leased a Leonardo AW169 to HeliKorea to accelerate its expansion into Emergency Medical Services (EMS) operations in South Korea. The helicopter was sourced from Milestone's order book with the manufacturer.
"We are excited to begin this new partnership with HeliKorea, as we reinforce our industry-leading support for operators conducting live-saving missions around the world," said Milestone President and CEO, Daniel Rosenthal. "HeliKorea has become the largest helicopter operator in South Korea by providing highly skilled and reliable service to meet diverse needs, and we are very pleased that they trusted Milestone to arrange their first commercial lease."
"HeliKorea has built a strong track record in serving military, parapublic, and commercial needs, and our expansion into EMS operations and this partnership with Milestone marks an exciting new chapter for our company," said HeliKorea's President, Kyong Jo Min. "Milestone understands our business, and their expertise and considerable knowledge of the EMS industry made them the ideal partner for our first lease. We are confident that this new area provides us with significant opportunities for growth, and with Milestone's personalized support, we were able to create the optimal fleet to provide the best service possible to Korea's National Medical Center."
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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 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 (GECAS)
GECAS is a world leader in aviation leasing and financing with 50 years of experience. The GECAS portfolio comprises a wide range of aircraft types including narrowbodies, widebodies, regional jets, turboprops, freighters and helicopters. GECAS offers 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 (~1,700 fixed wing/ ~250 rotary wing) in operation or on order, plus provides loans collateralized on an additional ~400 aircraft. GECAS serves ~ 270 customers in over 75 countries from a network of 25 offices. www.gecas.com
GE (NYSE: GE) is the world's Digital Industrial Company, transforming industry with software-defined machines and solutions that are connected, responsive and predictive. GE is organized around a global exchange of knowledge, the "GE Store," through which each business shares and accesses the same technology, markets, structure and intellect. Each invention further fuels innovation and application across our industrial sectors. With people, services, technology and scale, GE delivers better outcomes for customers by speaking the language of industry. www.ge.com
About HeliKorea Co., Ltd.
HeliKorea Co., Ltd. is Korea's leading helicopter services company. HeliKorea's helicopter fleet, the largest in Korea, ranges from medium to heavy helicopters, utilized in a variety of industries, including firefighting, cargo and VIP transport, emergency medical services, offshore oil and gas, search and rescue, and utility missions. Founded in 1996, the company owns, operates and leases helicopters, and employs highly skilled professionals at its state-of-the-art facility and headquarters in Daejeon and its management office in Seoul. HeliKorea looks to expand its services globally, successfully having worked with customers overseas, including Chinese federal, state and city government entities. www.helikorea.co.kr