14.10.2014 - General Electric will buy Irish helicopter company
American General Electric announced on the agreement of buying the world's largest helicopter leasing company. Amount of the transaction for the purchase of Milestone Aviation Group is estimated at 1.78 billion dollars. After the purchase, General Electric will get access to the market of 2 thousand heavy-lift helicopters, which are used to transport workers and equipment to the oil and gas platforms in the open sea. Irish Milestone Aviation Group after its founding in 2010, currently has helicopters for $ 2.8 billion and has placed orders for 3 billion. We are positive about the impact of this transaction on the company's shares, but despite that maintain a medium-term negative outlook.