Milestone To Finance $80M of CHC's Helicopters

 - October 3, 2011, 2:18 PM

CHC Helicopter and aircraft leasing firm Milestone Aviation Group announced an $80 million contract today for sale-leaseback of five heavy helicopters for transporting offshore oil and gas workers in the UK, Denmark and Falklands. The deal includes the sale-leaseback of two Sikorsky S-92s and three Eurocopter AS332L2s. The first part of the transaction valued at more than $50 million has closed, with another $30 million expected to close within the next two months.