DUBLIN – Thursday, October 20, 2022 – The Milestone Aviation Group Limited (“Milestone”), the global leader in helicopter leasing, today announced it has signed lease agreements with leading commercial helicopter operator, PHI Aviation (“PHI”) for three helicopters.
The agreements include the placement and extension of two Sikorsky S92 helicopters and one Leonardo AW139 helicopter, bringing PHI’s total fleet on lease from Milestone to four, including the existing lease of one S92 helicopter.
All four helicopters are supporting PHI’s growing operations in the Gulf of Mexico and Australia, transporting passengers for the largest integrated oil and gas companies in the world.
Pat Sheedy, President & CEO of Milestone, said, “We are delighted to expand our partnership with PHI and to support their growing global offshore operations. With the delivery of these helicopters, we have quadrupled the number of Milestone-owned aircraft operating within the PHI fleet. We wish PHI continuing success and look forward to working with them for many years to come.”
Keith Mullett, Managing Director, PHI Aviation, said, “We are excited to extend our working relationship with Milestone in two of our most important markets. Increased flying activity had meant PHI’s existing, and mostly owned fleet, was fully deployed. This arrangement with Milestone enables us to continue to meet the increased demands for the high-quality service our customers expect. We look forward to a long and productive relationship with Milestone.”
Milestone Aviation Group, an AerCap company, is the world’s 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 40 customers in more than 35 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. www.milestoneaviation.com
AerCap is the global leader in aviation leasing with one of the most attractive order books in the industry. AerCap serves approximately 300 customers around the world with comprehensive fleet solutions. AerCap is listed on the New York Stock Exchange (AER) and is based in Dublin with offices in Shannon, Miami, Singapore, Memphis, Amsterdam, Shanghai, Abu Dhabi, Seattle, Toulouse and other locations around the world.
About PHI Aviation
PHI Aviation is a global leader in providing offshore helicopter support to its customers in more than 45 countries, including all the major offshore oil and gas regions. PHI has flown more types of helicopters, under a greater variety of conditions, over a longer period of time, than any other civilian helicopter operator. In achieving more than 10 million flight hours, it has maintained a safety record that is preeminent in the commercial helicopter industry. For more information, visit: https://phihelico.com/
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