Milestone Aviation Group Announces Helicopter Leasing Transaction With Bristow Group

Milestone Aviation Group, the global leader in helicopter leasing, announced at the HAI Heli-Expo that it has reached agreement with Bristow Group Inc. (NYSE: BRS) to lease five large helicopters.

The companies completed operating leases in December 2011 for two Eurocopter EC-225s deliverable in mid-2012 and anticipates closing the leases for three 2011 Sikorsky S-92 helicopters later this quarter. All five helicopters are expected to operate in the North Sea. The total value of the five aircraft is in the range of $125 to $135 million.