Milestone Aviation Group signs for eight AgustaWestland helicopters

Milestone Aviation Group has signed a purchase contract for eight new-generation AgustaWestland helicopters as part of the company’s September 2013 landmark framework agreement.

As part of a landmark framework agreement announced in September 2013, Milestone Aviation Group has placed an order with AugustaWestland for delivery of eight new-generation AgustaWestland helicopters.

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The contract includes firm orders for five AW139 and three AW189, with all eight helicopters due to be delivered before the end of 2014.

Originally announced in September 2013, the the framework agreement signed between Milestone Aviation and AugustaWestland covers 44 firm and option aircraft delivering over the next four years.

If all orders and options are delivered, the Milestone agreement will be the largest civilian helicopter sale in AgustaWestland’s history.

“We are pleased to expand our partnership with AgustaWestland across its family of aircraft,” said Milestone’s chairman and CEO Richard Santulli.

“We believe that the AW189 is going to serve an important role in passenger transport for the offshore oil and gas industry and search and rescue, so we are excited to be one of the launch customers for this state-of-the-art rotorcraft,” added Santulli.

“As the world’s largest helicopter lessor, Milestone already has customers on six continents confirming the demand for a significant number of AgustaWestland helicopters to meet a range of requirements,” said AgustaWestland CEO Daniele Romiti.

“Our partnership with Milestone provides operators with another way to gain access to AgustaWestland’s product line, allowing them to experience the tremendous benefits offered from the commonalities across the AW139, AW169 and AW189 family,” Romiti added.

As of the end of December 2013 Milestone Aviation Group had 31 AugustaWestland helicopters in its fleet.

Terry Spruce

Terry is Senior News Editor and writes for both Corporate Jet Investor and Helicopter Investor. He is also responsible for our helicopter guides. Terry has been an aviation enthusiast since the early 1970s. He is a lapsed Private Pilot and ex-Piper Cherokee owner. He has flown a number of light aircraft and is comfortable sitting in the co-pilot's seat or the back of any aircraft. Before moving to journalism he was a banker for 20 years. You can contact him at: terry@corporatejetinvestor.com or follow him on twitter @Terry_Spruce

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