General Electric : Milestone Expands Falcon Aviation Relationship with Lease of One AW189

Milestone Expands Falcon Aviation Relationship with Lease of One AW189

Nov 17, 2019

Dubai, UAE, 17 November 2019 - Falcon Aviation Services of Abu Dhabi (United Arab Emirates) announced that it has expanded its Leonardo AW189 helicopter fleet with the addition of a further two aircraft, of which one is leased from Milestone Aviation Group ('Milestone'), a GECAS company and the global leader in helicopter leasing.

The twin-engine medium-sized helicopter will arrive in Abu Dhabi, United Arab Emirates this month to support increasing demand for uplift in the offshore Oil and Gas sector. The AW189 will be able to carry up to 19 passengers and is equipped with air conditioning and an auxiliary power unit (APU), allowing for continuous air conditioning in both the cabin and the cockpit without having main engines running. The aircraft is being leased to Falcon Aviation by Milestone through an operating lease and represents the second helicopter lease transaction for Falcon Aviation.

'We are delighted to partner again with Milestone on this project, and we appreciate their support. We look forward to working with the Milestone team as a close partner in the years to come.' said Falcon Aviation's Chief Operating Officer, Ramandeep Oberoi.

'We greatly appreciate Falcon Aviation's continued trust towards Milestone's ability to deliver and we are honoured to be given the opportunity to further expand on our already strong relationship with Falcon Aviation' said Milestone's Head of Emerging Markets, Michael York. 'Milestone already has three AW169s on lease to Falcon Aviation and the addition of this AW189 is testament to Falcon's exceptional commitment in delivering to its customers as well as Milestone's capability in offering significant added value and flexibility through its operating leases.'

With the addition of two more AW189s, Falcon Aviation becomes one of the largest AW189 commercial operators. Falcon Aviation's combined fleet of AW169s and AW189s gives Falcon Aviation and its customer's unmatched benefits in terms of comfort, safety and efficiency.

About Falcon Aviation
Falcon Aviation Services is a leading business aviation services company based in Al Bateen Executive Airport, and Dubai (Al Maktoum International Airport) in the United Arab of Emirates. It was formed under the initiative of His Highness Dr. Sheikh Sultan Bin Khalifa Bin Zayed Al-Nahyan Advisor to the President of the United Arab Emirates.

Falcon Aviation has been established for over twelve years, during which time the company has built an unrivalled reputation for its VIP Charter and support to the Governments Oil and Gas Sector. With a new and diversified fleet of luxurious corporate jets and helicopters, Falcon Aviation offers a multitude of Business and General Aviation Services including, Business Jet/VIP Helicopter Charter, Fixed Based Operations (FBO) Services, Aircraft Management and comprehensive MRO Support including Scheduled and Unscheduled Maintenance and Continuing Airworthiness Management Organization (CAMO). www.falconaviation.ae

Media Contact for Falcon Aviation Services:
Nourhan El Sayed Fares
Marketing Specialist
[e-mail]

About Milestone
Milestone Aviation Group, a GECAS company, is the world's leading helicopter leasing and financing company. Milestone has a fleet of helicopters worth over US$5 billion plus a loan portfolio of approximately US$300 million. 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 45 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 GECAS
GE Capital Aviation Services (GECAS) is a world-leading aviation lessor and financier. For over five decades, we have solved our customers' challenges and helped their businesses to thrive. Whether your need is for narrow- or widebody aircraft, regional jets, turboprops, freighters, engines, helicopters, financing or materials, our name has become synonymous with trusted relationships, domain expertise and a track record of execution.

GECAS offers a broad array of financing products and services on these assets including operating leases, purchase/ leasebacks, asset sales and servicing, and airframe parts management. GECAS owns, services or has on order more than 1,700 aircraft (~1,350 fixed wing/ ~350 rotary wing) and serves ~250 customers in over 75 countries from a network of 20 offices around the world. www.gecas.com

Media Contact for Milestone:
James Luton
Global Communications Leader
[e-mail]

TAGS:

• Business Unit: GE CapitalAviation Financial Services

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Milestone Expands Falcon Aviation Relationship with Lease of One AW189

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