DUBLIN, Dec. 1, 2016 /PRNewswire/ -- Milestone Aviation
Group Limited ("Milestone"), a GE Capital Aviation Services company
("GECAS") and the global leader in helicopter leasing, today
announced that President Daniel
Rosenthal has been named President and Chief Executive
Officer, effective January 1, 2017.
Richard Santulli, GE Officer and
Milestone Chairman, will leave GE but continue to serve Milestone
in an advisory capacity.
Rosenthal, 41, has spent most of his career in leadership
positions at some of the most innovative organizations in the
aviation industry. In 2009, he co-founded Milestone, the first
global helicopter leasing company. He previously spent four years
at NetJets, where he held various leadership roles.
"Dan has been an outstanding company president and a strong
leader since GE acquired Milestone in 2015, and this appointment
reflects the great value he continues to create for Milestone and
its partners," said Alec Burger,
President and CEO of GECAS. "Milestone is the leader in helicopter
financing because of the dedication Dan and his entire talented
management team bring to their work serving customers and partners
around the world. As the global helicopter industry continues to
evolve, I am confident that Dan and his team have the skills and
experience Milestone will need to continue as the industry
leader."
Santulli, 72, is a visionary entrepreneur, businessman, and
founding father of two major aviation industries. In 1986, he
launched the first-ever fractional aircraft program, which he later
named NetJets, and in 2009 he left NetJets to co-found
Milestone.
"One of the greatest fortunes of my life was meeting
Richard Santulli nearly 13 years
ago," said Rosenthal. "It has been an honor to learn from Rich both
at NetJets and as we built Milestone and established a critical new
industry. Rich is an industry icon and set the standard for all of
us at Milestone by creating a world-class culture for customers and
employees. Looking forward, we will always carry with us his
entrepreneurial spirit and dedication to providing our customers
with creative aircraft financing solutions through unparalleled
customer service. Beyond the business side, Rich is a close
confidante, mentor and friend, and I'm delighted that he will
continue as a Milestone advisor."
"It has been a pleasure working alongside Dan to build
Milestone," said Santulli. "Together, he and the rest of our
talented management team have created an incredible company
committed to serving the needs of our customers and partners around
the world. As company president, Dan's day-to-day leadership since
joining GE Capital has ensured that Milestone stayed true to our
core values. This is the right time for me to move into an advisory
role and pursue other business opportunities, and I know Dan will
continue to lead the company in our tradition of creative, flexible
service to our clients."
"Milestone has succeeded because it has always put its customers
and partners first," said Burger. "On behalf of GE, I want to
express our gratitude to Rich for building a truly unique company
with a powerful, customer-focused culture. The creative and
entrepreneurial approach he instilled in Milestone will continue to
drive its success and is an inspiration to the entire GE Capital
team."
Daniel Rosenthal Biography
http://milestoneaviation.com/our-team/daniel-rosenthal/
About Milestone Aviation Group
Milestone Aviation Group, a GE Capital Aviation Services company,
is the world's leading helicopter leasing company. Milestone has a
fleet of over 215 helicopters worth US $3.7 billion and
supports 32 operators in 26 countries on six continents. The
company has a forward order book of firm and option aircraft with
an estimated aggregate purchase price of US $3.2 billion.
These near-term delivery positions of in-demand helicopters are
made available for lease globally. Milestone partners with
helicopter operators worldwide and supports them through lease and
debt financing. The company provides financing for helicopters
serving a variety of industries, including offshore oil and gas,
search and rescue, emergency medical services, police surveillance,
mining and other utility
missions. www.milestoneaviation.com
About GE Capital Aviation Services (GECAS)
GE Capital Aviation Services (GECAS) is a world leader in aviation
leasing and financing. With over 45 years of experience,
GECAS offers a wide range of aircraft types including narrowbodies,
widebodies, regional jets, turboprops, freighters and helicopters,
plus multiple financing products and services including operating
leases, purchase/leasebacks, secured debt financing, capital
markets, engine leasing, airframe parts management and
airport/airline consulting. GECAS owns or services a fleet of
over 1,950 aircraft (~1,700 fixed wing/ ~250 rotary wing) in
operation or on order, plus provides loans collateralized on an
additional ~400 aircraft. GECAS serves ~270 customers in over 75
countries from a network of 26 offices. www.gecas.com
GE (NYSE: GE) is the world's Digital Industrial Company,
transforming industry with software-defined machines and solutions
that are connected, responsive and predictive. GE is organized
around a global exchange of knowledge, the "GE Store," through
which each business shares and accesses the same technology,
markets, structure and intellect. Each invention further fuels
innovation and application across our industrial sectors. With
people, services, technology and scale, GE delivers better outcomes
for customers by speaking the language of
industry. www.ge.com
Media Contact for Milestone:
Nathan Riggs
Kekst and Company
+1-212-521-4804
nathan-riggs@kekst.com
Logo -
http://photos.prnewswire.com/prnh/20161023/431553LOGO
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/milestone-aviation-names-daniel-rosenthal-president-and-ceo-300371155.html
SOURCE Milestone Aviation Group Limited