We’ve been keeping an eye on the rapidly expanding market for equipment leasing in areas including aviation, trucking, rail transportation and the IT sector. Savvy companies are moving quickly to take advantage of global economic instability and service providers’ reluctance to take on significant debt for new equipment.
Milestone Aviation recently announced its portfolio of leased helicopters has surpassed $1 billion, with more than 75 helicopter leases with 21 operators in 20 countries. Milestone Aviation is a fairly new competitor in equipment leasing at less than three years old.
“Through deals with some of the foremost helicopter operators in the world, we have provided over $1 billion in financing to the rotary market and emerged as the leader in the space,” according to Richard Santulli, Milestone’s chairman. “When we launched in 2010, our goal was to reach $2 billion in assets by our five-year anniversary. Today, I am pleased to announce that we are well on track not only to achieving this goal, but to surpassing it,” Santulli added.
Milestone acquires equipment a number of ways. In negotiating some leases, Milestone steps into lessee delivery positions. In other leases, Milestone purchases used equipment and leases it back to the seller-turned-lessee. Milestone also places forward orders with manufacturers to gain access to aircraft with long lead times.
According to the Economist, an estimated one-third of the world’s aircraft are leased, up from less than five percent in 1980.
Don’t miss the boat – or plane, helicopter, truck or train. Now is the time to reconsider the advantages of equipment leasing.
The attorneys at Glass & Goldberg provide high quality and cost-effective legal services and advice for clients in all aspects of business litigation and transactional law, including reviewing, structuring and implementing complex leases. Call us at (818) 888-2220, email us at email@example.com, or visit us on the web at www.glassgoldberg.com to learn more about the firm and to sign up for future newsletters.