The Traderszone Network

Published in TZ Latest News 13 October, 2014 by The TZ Newswire Staff

GE aircraft unit to buy helicopter lessor Milestone for $1.78 billion

Milestone, co-founded by NetJets Inc founder Richard Santulli in 2010, owns a fleet of helicopters worth $2.8 billion and has placed orders worth $3 billion. The company’s helicopters are primarily used in offshore oil and gas industries and for search, rescue and emergency medical services. “The addition of Milestone will deepen our domain expertise in aviation and oil and gas, two critical GE industries,” GE Capital Chief Executive Keith Sherin said in a statement on Monday.