Milestone Expands its Partnership with Bristow with the Lease of Six Helicopters and Adds First AW189 Search & Rescue Aircraft to its Portfolio
DUBLIN – Thursday, February 16, 2023 – The Milestone Aviation Group Limited (“Milestone”), the global leader in helicopter leasing, today announced the expansion of its partnership with Bristow Group Inc. (“Bristow”) for Search and Rescue (SAR) missions with the lease of two Leonardo AW189 helicopters, and four Sikorsky S-92 helicopters.
Under the agreement, Milestone completed a purchase-leaseback of a new AW189 helicopter with Bristow, which is the first SAR-enabled AW189 aircraft in the Milestone fleet. The second AW189 helicopter is a lease extension which Milestone has agreed to convert to a SAR configuration. These helicopters are contracted to fly SAR missions for the Netherlands Coastguard.
In addition, Milestone placed three Sikorsky S-92 helicopters, while a fourth S92 is scheduled to be delivered later this year. All four aircraft will be deployed on SAR missions across Norway.
“Bristow has been a partner of Milestone Aviation for many years, and we are very pleased to support them as they continue to expand their SAR operations,” said Pat Sheedy, the CEO of Milestone Aviation. “As part of this deal, we are delighted to add the first SAR-enabled AW189 to the Milestone portfolio and to bring the advanced capabilities of this aircraft to a wider variety of customers operating mission-critical responses.”
Stuart Stavley, the COO Offshore Energy Services of Bristow, said, ”We are pleased to expand our long-term partnership with Milestone with the addition of these well-equipped SAR helicopters. Bristow performs critical, life-saving SAR services around the globe, and these aircraft, along with our world-class personnel, help make that mission possible.”
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 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. 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, Dubai, Seattle, Toulouse and other locations around the world.
Bristow Group Inc. is the leading global provider of innovative and sustainable vertical flight solutions. Bristow primarily provides aviation services to a broad base of major integrated, national, and independent offshore energy companies. Bristow provides commercial search and rescue (SAR) services in several countries and public sector aviation services such as SAR and other services on behalf of government entities. Additionally, the Company offers ad hoc helicopter and fixed wing transportation services. Bristow currently has customers in Australia, Brazil, Canada, Chile, the Dutch Caribbean, the Falkland Islands, Guyana, India, Mexico, the Netherlands, Nigeria, Norway, Spain, Suriname, Trinidad, the U.K., and the U.S. To learn more, visit our website at www.bristowgroup.com.
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