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."
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 [email protected]