GECAS Acquiring Milestone for $1.775 billion
Milestone has acquired a fleet of 168 helicopters worth $2.8 billion and supports 31 operators in 25 countries on six continents.

In a deal that could be a preview for the red-hot helicopter leasing market, GE Capital Aviation Services (Gecas, Booth 2631) announced October 13 that it plans to acquire helicopter leasing firm Milestone Aviation Group for $1.775 billion. The deal is expected to close next year.

Gecas, the U.S. and Irish commercial aircraft financing and leasing business of GE Capital, has a fleet of approximately 1,600 owned and serviced aircraft with more than 230 airlines. Gecas also provides spare engine leasing, aviation consulting services and spare parts financing and management.

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