Press Release

Issued by Milestone Aviation Group.

July 29, 2013

Milestone Aviation Group, the global leader in helicopter leasing, announced today that it is financing the delivery of a Eurocopter EC225 to Blueway Offshore Norge AS, a subsidiary of Blueway AS. The Norwegian registered aircraft will be used for crew change missions to offshore oil and gas platforms in the North Sea. The European delivery is the first since the aircraft was cleared for a full return to flight.

“We are delighted to support Blueway's growth through the financing of an additional EC225,” said Robert Thor Dranitzke, Milestone's managing director. “Blueway is a great operator, and we are excited to expand our partnership while also supporting the safe return to service of the EC225.”

“This aircraft, acquired with our partner Milestone, has been fitted by Eurocopter with the full range of EASA-mandated safety modifications as well as all of the latest reliability improvements from the EC225 maturity programme,” said Dag Johan Sætre, Blueway's technical director. “It is a great aircraft and a mainstay of the North Sea fleet. We will work with purpose alongside our customers to safely return it to service.”

Milestone has a growing EC225 fleet, with 10 units currently on lease to 4 operators utilising the assets in Australia, Brazil, Denmark, Norway and the United Kingdom. Multiple new customer deliveries and sale-leaseback transactions are expected over the next twelve months. Additionally, the company has 30 EC225 aircraft on order, valued at €670 million (US $885 million) at list prices. The aircraft are to be delivered over 5 years beginning in 2013. These firm orders and options enable Milestone to provide increased value to its partners by offering timely delivery slots for 100% financed EC225 aircraft globally.