EBAA Chief Joins Advisory Board at Milestone Aviation

 - July 14, 2011, 11:40 AM

Brian Humphries, president and CEO of the European Business Aviation Association (EBAA), joined the advisory board of aircraft leasing group Milestone Aviation. Humphries, who was previously CEO of the Shell Aircraft flight department and an Air Commodore in Britain’s Royal Air Force, also serves as chairman of the British Helicopter Association. Dublin, Ireland-based Milestone was formed last August by Richard Santulli, founder and former president of NetJets. To date, Milestone has leased two dozen helicopters and private jets with a combined value of more than $200 million, and it expects its operating lease portfolio to exceed $300 million by year-end. “We are honored to have someone of Brian’s caliber serving on our advisory board and supporting our mission,” said Milestone chairman Santulli. “His knowledge and expertise within both the helicopter and private jet industries will greatly contribute to our success and growth.” According to Humphries, “There are many high-quality helicopter operators who cannot [expand] their business or modernize their fleet because they cannot raise the necessary capital. Private jet owners are also struggling to raise funds in the current environment. The 100-percent financing offered by Milestone is a boon for the industry that will lead to increased growth.”