Boston Medflight uses $8 million lease to buy helicopter

Boston Medflight uses $8 million lease to buy helicopter

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The state’s finance and development agency has issued an $8 million lease to help Boston MedFlight buy a new helicopter to replace an older one, the State House News service reported.

MassDevelopment announced Monday that the tax-exempt lease will help the company, which transports ill and injured patients, keep its fleet up to date. Boston MedFlight operates three of the four medical helicopters in Massachusetts, according to MassDevelopment.

The company was created in 1984 and is a cooperative venture among Beth Israel Deaconess Medical Center, Boston Medical Center, Brigham and Women’s Hospital, Children’s Hospital Boston, Mass General Hospital, and Tufts Medical Center.

Martha’s Vineyard Hospital relies on Medflight to transport patients by air to hospitals in Boston when patients need urgent medical care unavailable on the Island.