HANGAR TALK Industry news relevant to your business
Milestone Sells 12-Helicopter Portfolio to Macquarie Rotorcraft
The Milestone Aviation Group Limited (“Milestone”) recently 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 that are currently on lease to six customers in nine countries across Europe, the Middle East, Africa and Southeast 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, 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.
32 Mar/Apr 2023
MD Helicopters LLC (MDH) Recently Announced Ramp- Up of Production Capabilities and Increased Staffing to Accommodate Additional Sales Orders
To support production, MD Helicopters LLC (MDH) restructured its production facility and has planned a staff increase of over 120 employees. These efforts will also support additional, large aircraft orders and strategic customer engagement opportunities. This includes 12 Cayuse Warrior Plus scout/ attack helicopters awarded by the Nigerian Army to help counter insurgency and terrorism operations in Nigeria.
“We are grateful for the trust of the Nigerian government, and are pleased to showcase our purpose-built, light attack aircraft solution to Nigeria and the world.” says Brad Pedersen, president and CEO at MD Helicopters. “MD Helicopters has streamlined our production processes to directly address the current and planned increase of aircraft orders,”
The Cayuse Warrior Plus is a derivative of the original Cayuse Warrior. It is a combat proven tactical scout and light attack aircraft valued for its unmatched power, safety, speed, agility, and confined area capabilities. Mission enhancements include sensors, weapons system, avionics improvements, armor, and increased power performance.
The aircraft will be used for area security, tactical reconnaissance convoy escort, and drug interdiction missions in Nigeria. The Nigerian selection includes a complete ILS package, spares, pilot and maintainer training, and flight training device (FTD).
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