Press Release

Issued by Milestone Aviation Group.

February 26, 2014

Less than one year after launching a first-of-its-kind partnership offering unique services to Milestone customers, helicopter engine manufacturer Turbomeca (Safran) and Milestone Aviation Group, the global leader in helicopter leasing, celebrated a landmark with the announcement that the Milestone fleet has surpassed 100 Turbomeca engines. As of December 31, 2013, the Milestone fleet included 106 Turbomeca engines with an additional 56 engines on firm and option order. This unprecedented growth gives Milestone customers unique benefits and value associated with this level of scale.

By leasing Turbomeca powered products through Milestone, customers can better control their maintenance costs and maximize the availability of their aircraft through the novel engine support solutions made available through the relationship – including access to Turbomeca's Support by the Hour (SBH) program.

“Turbomeca manufactures exceptional products and cares greatly about serving the market and its customers,” said Milestone chairman and ceo Richard Santulli. “When we launched this partnership, Turbomeca joined us in developing innovative ways to deliver high levels of service and customer support to small and mid-sized helicopter operators that are typically only made available to large-fleet operators. We look forward to working with Turbomeca as we continue to deliver increased value to Milestone lessees for years to come.”

“Our first year of partnership with Milestone has delivered clear value to our organizations and the helicopter lessees for whom it was designed,” said Olivier Andries, chairman and ceo of Turbomeca. “Through facilitating access to our SBH program and preferred access to the Turbomeca pool of assets we have enhanced aircraft serviceability and availability of the latest-standard engines.

“We would like to congratulate Milestone for their exceptional growth and thank them for having chosen Turbomeca as their first engine partner. We are excited to pursue our collaboration and answer the needs of the market through innovative engine and support solutions.”