Milestone Announces Sale of Sikorsky S-92 Helicopter to New Customer China Southern Airlines
DUBLIN – Wednesday, March 01, 2023 – The Milestone Aviation Group Limited (“Milestone”), the global leader in helicopter leasing, today announced it has sold a Sikorsky S-92 helicopter to China Southern Airlines General Aviation (“CSAGA”), a new customer for Milestone.
The helicopter is configured for offshore passenger transport and will be deployed on critical offshore oil and gas missions in China.
Pat Sheedy, the CEO of Milestone Aviation, said, ”We are very pleased to welcome China Southern as a new customer to Milestone, following a long and successful business relationship with our parent company, AerCap. We thank the team at China Southern for the confidence they have placed in Milestone and look forward to working with them in the future.”
Li Erbao, the Chairman of CSAGA, said, “This transaction marks the beginning of our partnership with Milestone Aviation. With the growing demand for offshore oil and gas exploration and production, as well as the continuing development of the broader Chinese aviation industry, I believe there will be many opportunities in the future for further collaboration with the Milestone team.”
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.
About China Southern Airlines General Aviation
CSAGA, a China Southern Airlines company, is a leading general aviation corporation in China with more than 40 years of helicopter and fixed-wing operation experience. CSAGA currently manages more than 30 helicopters of 11 types and is fully experienced in all kinds of flying missions such as offshore oil and gas, offshore turbine maintenance, power-line patrol, live-line maintenance, insulator flushing, tower erection, firefighting, SAR, passenger and cargo transport.
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