The Milestone Aviation Group (Milestone), a global leader in helicopter leasing, has signed lease agreements with Offshore Helicopter Services UK (OHS) for five Sikorsky S-92 helicopters.
The agreements include the extension of three Sikorsky S-92 helicopters and the placement of two additional S-92s which are scheduled to deliver in 2023. The oil and gas configured helicopters will support OHS’s offshore operations in the North Sea.
“We are pleased to continue building our relationship with OHS, having worked closely together for many years,” said, Pat Sheedy, the CEO of Milestone Aviation. “It gives us great satisfaction to be able to support them and their new parent company, Ultimate Aviation, as they expand their offshore fleet, and we congratulate them on their new partnership.”
Shaun Roseveare, Chief Executive Officer of Ultimate Aviation, added, “Operational excellence is absolutely vital in the North Sea and this investment in new aircraft is key to ensuring OHS is a market leader for years to come. Our active support for this transaction is a sign of our confidence in the vision to grow the capabilities of our offering there.”
Milestone Aviation Group, an AerCap company, is a leading helicopter leasing and financing company. Milestone partners with helicopter operators worldwide, providing a wide array of financial and productivity solutions, including operating leases, purchase/leasebacks, secured debt financing, engine leasing and fleet advisory. The company supports over 50 customers in more than 40 countries serving a variety of industries, including offshore oil and gas, search and rescue, emergency medical services, police surveillance, mining, fire-fighting and other utility missions.
