Milestone Aviation to lease 2 AW139 helicopters to Norsk Luftambulanse

Milestone Aviation Group Limited will provide 2 AW139 helicopters from its order book with Leonardo Helicopters to Norsk Luftambulanse AS (NLA) to support emergency medical services (HEMS) in Norway,.

In July, Norway´s National Air Ambulance Service awarded NLA with a 6-year contract (with a further 2-year extension option) to operate all 12 HEMS bases in Norway.

Milestone Aviation Group, a GE Capital Aviation Services (GECAS) company, is a helicopter leasing and financing company. The company has a fleet of helicopters worth over USD 4.0bn plus debt commitments of approximately USD 400m. The company has a forward order book of firm and option aircraft with an estimated aggregate purchase price in excess of USD 3bn.

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.

The GECAS portfolio comprises a wide range of aircraft types including narrowbodies, widebodies, regional jets, turboprops, freighters, and helicopters. The company offers multiple financing products and services. It 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.

Norsk Luftambulanse AS is a Norwegian HEMS operator currently serving 9 of Norway´s 12 HEMS bases. In addition NLA operates all 3 HEMS bases in Denmark. The company is owned by the Norwegian Air Ambulance Foundation.