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Milestone Expands Partnership with Offshore Helicopter Services with the Lease of Eight Helicopters

DALLAS, TX – March 10, 2025 – The Milestone Aviation Group Limited (“Milestone”), the global leader in helicopter leasing, today announced that it has signed lease agreements with Offshore Helicopter Services UK Limited (“OHS”) for four additional helicopters, including two new Leonardo AW139s, one new Airbus H175, and one Sikorsky S-92, which are scheduled to deliver in 2025 through 2026. The announcement was made during Verticon, formerly HAI Heli-Expo, in Dallas, Texas.

The Airbus H175 and Sikorsky S-92 helicopters will be configured for oil and gas missions to support OHS’s offshore operations in the United Kingdom. The Leonardo AW139 aircraft will be deployed on search and rescue operations in the United Kingdom.

Milestone also announced that it has extended existing lease agreements with OHS for four aircraft, including one Sikorsky S-92 and three Airbus H175 helicopters.

“We are very pleased to be part of OHS’s success story and feel privileged to have been a trusted partner over the years, through all the cycles of our industry,” said Sebastien Moulin, Chief Commercial Officer, Milestone. “Milestone has consistently invested in the most modern, fuel-efficient aircraft, ensuring we are well positioned to support our customers with their fleet requirements through the financing of new and used aircraft. We thank OHS for their business and look forward to working with the team as these aircraft deliver.”

Chris Krajewski, Executive Director of OHS, said: “OHS is committed to its North Sea customers and continues to invest in its fleet to ensure we can execute safe and highly reliable transportation services. This investment also demonstrates our commitment to expand our fleet of Leonardo AW139, Sikorsky S92 and Airbus H175 helicopters; three platforms with a proven track record in this challenging environment. Milestone has been a long-term strategic partner of OHS and a critical supporter of the strong growth we have experienced over the last two years. We are very pleased to further expand our relationship with Milestone.”
About 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 approximately 50 customers in approximately 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

About AerCap

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, Dubai and other locations around the world.

About OHS UK

Offshore Helicopter Services UK Ltd. (OHS UK) is an Ultimate Aviation Group company. OHS UK specialises in offshore helicopter transportation and emergency response services for the energy sector in the North Sea, operating a mixed fleet of helicopters, including Sikorsky S92As and Airbus H175s. OHS UK transports over 200,000 personnel annually to and from offshore oil and gas platforms, from operating bases at Aberdeen and Sumburgh airport. Additionally, the company provides specialized Search & Rescue (SAR) and Medical Interventions helicopter services, using Leonardo AW139 helicopters equipped with advanced SAR and Medical capabilities, offering 24-hour emergency response capability for the energy sector in the central North Sea.

About Ultimate Aviation Group

Ultimate Aviation Group is an international aviation company specializing in cargo and passenger air transport, particularly in remote environments. Their operations encompass scientific support flights in Antarctica, humanitarian aid missions, offshore energy sector and disaster relief efforts. In April 2023, Ultimate Aviation expanded its services by acquiring Offshore Helicopter Services UK (OHS UK) from CHC Helicopter Group. This acquisition marked Ultimate Aviation's entry into the European market, aligning with their strategy to broaden their operational reach. The company aims to leverage its expertise to enhance services in the offshore energy sector. Through these strategic developments, Ultimate Aviation Group continues to strengthen its position in the global aviation industry, focusing on specialized air transport services in challenging and remote environments.

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