GE Capital to Acquire Milestone Aviation for $1.8B
OCT 14, 2014 - 7:27 am
GE Capital reportedly agreed to acquire helicopter-leasing company Milestone Aviation Group for $1.775 billion. The deal is expected to close next year.
GE Capital chairman and chief executive Keith Sherin stated that the Milestone addition, “will deepen our domain expertise in aviation and oil and gas, two critical GE industries.”
Milestone, founded in 2010, is the world’s largest helicopter-leasing company by fleet value. Private-equity owned Milestone has acquired a $2.8 billion fleet of helicopters and placed orders for around $3 billion more.
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