Richard Santulli

March 6, 2011 - 10:20am

Milestone Aviation Group (Booth No. 4042), a global finance company focused on providing leasing of high-value helicopters and private jets, announced at Heli-Expo 2011 that it has closed $141 million in transactions for 27 new and used helicopters since the company was launched in last August.

March 6, 2011 - 10:20am

Milestone Aviation Group (Booth No. 4042), a global finance company focused on providing leasing of high-value helicopters and private jets, announced at Hel-Expo 2011 that it has closed $141 million in transactions for 20 new and used helicopters since the company was launched in last August.

November 29, 2010 - 10:32am

Revenues at Berkshire Hathaway’s NetJets fractional aircraft subsidiary climbed 17 percent during the first nine months of this year versus a year ago “due to an increase in worldwide flight revenue hours and increased fuel cost recoveries, partially offset by lower management fees due to fewer aircraft in the NetJets program.” According to the third-quarter financial report, NetJets logged pre-tax earnings of $158 million in the first n

October 27, 2010 - 11:33am

Embraer announced at the NBAA Convention last month that fractional provider NetJets signed an agreement to purchase 50 Phenom 300 light jets and has an option to buy 75 more. At current list prices, the deal could be worth more than $1 billion. The aircraft, which the Brazilian ­manufacturer expects to begin delivering in 2013, will be specially equipped for the Berkshire Hathaway-owned NetJets and called Phenom 300 Platinum Edition.

October 26, 2010 - 1:30pm

Richard Santulli’s new helicopter leasing venture, Milestone Aviation Group, completed its first deal last month–a contract for two Sikorsky 76C++s for Brazil OGP operator Omni Taxi Aereo. The helicopters will be used to service offshore contracts with Petrobras.

October 18, 2010 - 4:00pm

NetJets (Booth No. 170), the largest player in the fractional-jet-share business, has signed an agreement to purchase 50 Phenom 300 light jets from Embraer, the Brazilian aircraft manufacturer. The Berkshire Hathaway-owned NetJets, based in Columbus, Ohio, has an option to buy 75 additional Phenom 300s, which could bring the deal's total value to more than $1 billion (U.S.) at current list prices, according to Embraer.

October 18, 2010 - 5:28am
Embraer announced that fractional provider NetJets has signed an agreement to...

Embraer announced that fractional provider NetJets has signed an agreement to purchase 50 Phenom 300 light jets and has an option to buy 75 more. At current list prices, the deal may be worth more than $1 billion (U.S.). The aircraft, which the Brazilian manufacturer expects to begin delivering in 2013, will be specially equipped for the Berkshire Hathaway-owned NetJets and called Phenom 300 Platinum Edition.

September 21, 2010 - 10:09am

Richard Santulli’s re-entry into the helicopter game drew mixed reaction from a variety of operators who spoke to AIN. Santulli is the CEO of the newly formed Milestone Aviation Group, a company that will devote most of its resources to helicopter leasing and sale leasebacks.

August 26, 2010 - 12:45pm

Richard Santulli, founder of fractional-share company NetJets, is back in the aviation business with a new business jet and helicopter leasing company called Milestone Aviation Group. Santulli, 66, resigned from NetJets last August but said at the time that he would remain a consultant to the company for a year. Warren Buffett’s Berkshire Hathaway bought NetJets in 1998 for $725 million.

 
X