Milestone Signs Lease Agreements with HeliService for Four Helicopters

ATLANTA, GA – Tuesday, March 07, 2023 – The Milestone Aviation Group Limited (“Milestone”), the global leader in helicopter leasing, announced today that it has signed lease agreements for four Leonardo helicopters with HeliService International (“HeliService”), a market leader in offshore helicopter transportation.

The agreements include the placement of two Leonardo AW139 helicopters, the first of which was recently delivered, while the second is scheduled to deliver in April 2023. Both aircraft will operate for HeliService’s offshore wind farm operations in the German Bight, the southeastern region of the North Sea.

In addition, Milestone completed a financing agreement for two new Leonardo AW169 helicopters which are scheduled to deliver mid-year 2023. The aircraft will provide offshore services in support of wind projects in Taiwan.  

“We are very pleased to welcome HeliService as a new customer. Offshore wind is an exciting growth area for helicopter leasing, and we are delighted to be able to support HeliService as they expand their fleet and services,” said Sebastien Moulin, the Head of Europe & Americas, Milestone Aviation. “We look forward to a long and successful relationship with HeliService.”

Oliver Freiland, CEO of HeliService, said, “We would like to thank Milestone for supporting HeliService. The Taiwanese offshore wind market is one of the key global growth markets for offshore wind. Helicopters are a crucial element in meeting this growth in demand given the vital role they play in ensuring the maintenance of offshore wind turbines, particularly in the harsh sea conditions of Taiwan.” 

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 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. 

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, Seattle, Toulouse and other locations around the world.

About Heli Service

With its focus on offshore transportation, maintenance for Leonardo and Airbus helicopters and HEMS (Helicopter Emergency Service), and over 30 years of experience, HeliService is one of the world’s leading helicopter companies.

Transporting maintenance personnel by high-performance helicopter to offshore wind farms offers energy companies numerous advantages. No matter if up to 12 employees and landing on a service platform or hoisting directly on a wind turbine: Transport by HeliService helicopter is particularly weather-independent, minimizes the sometimes considerable transport times of maintenance personnel and emits significantly less CO2 per passenger than transport by ship. At the same time, standing wind turbines can more quickly generate sustainable electricity.

The IMMS-supported, professional in-house maintenance of the company’s state-of-the-art helicopter fleet not only benefits HeliService’s offshore flight operations. As an authorized Leonardo Service Centre, HeliService offers maintenance of the Leonardo model AW109, AW139 and AW169 as well as the Airbus helicopters H145C2 and H145D2 external helicopter operators. The most significant advantage for external customers, corporations, military and private individuals: The absolute time and cost commitment and the web-based Customer Information Portal (CIP). Here customers can view the maintenance status of their helicopters in real-time.

HeliService’s third field of activity is Helicopter Emergency Service (HEMS). In other words, it provides aircrew and appropriately equipped helicopters for sea rescue. Again, this is an activity in which HeliService’s maintenance and offshore know-how come into their own.

Headquartered in Germany, HeliService is now active in England, Poland, Taiwan and the USA, ensuring the safe flight operations of Leonardo and Airbus helicopters worldwide and, through its offshore transport services, significantly supporting the all-important shift towards sustainable energy generation through regenerative wind power.

Forward-Looking Statements

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