Milestone Aviation Group increases order for helicopters

26 February 2014

Milestone Aviation Group and Sikorsky Aircraft Corp. said that Milestone has increased its S-92 order book by eight units.

Sikorsky is a subsidiary of United Technologies Corp. (NYSE: UTX).

Milestone said it has increased its firm and option S-92 orders to 37 aircraft valued at more than USD1.2bn. The forward orders are scheduled to deliver over the next five years with 15 scheduled for completed delivery in 2014 and 2015; more than half of which are already on lease or under letter of intent.

Milestone Aviation Group is the leader in helicopter leasing. Since launching in August 2010, and as of December 31, 2013, Milestone has acquired 143 aircraft valued at over USD2.2bn and closed leases with 26 operators in over 20 countries on six continents. Further information is available at www.milestoneaviation.com.

Sikorsky Aircraft, based in Stratford, Conn., is a world leader in helicopter design, manufacture and service. United Technologies Corp., based in Hartford, Conn., provides a broad range of high technology products and support services to the aerospace and building systems industries worldwide.

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