Milestone Aviation Group provides US$230m secured debt facility to Bristow Group

Milestone Aviation Group, a GE Capital Aviation Services (GECAS) company and the global leader in helicopter leasing, has signed a commitment letter with Bristow Group, a leading provider of global industrial aviation services. Under the agreement, Milestone is providing a US$230m secured term loan facility to a subsidiary of Bristow, secured by a pool of Bristow’s helicopter assets. As part of the agreement, Bristow will extend select Sikorsky S-92 leases with Milestone, and Milestone will also defer lease rentals on select Airbus H225 assets on lease to Bristow.