Milestone Signs Lease Agreements with Offshore Helicopter Services for Five Sikorsky S-92 Helicopters

Dublin – Wednesday, April 12, 2023 – 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 five Sikorsky S-92 helicopters.

The agreements include the extension of three Sikorsky S-92 helicopters and the placement of two additional S-92s which are scheduled to deliver in 2023. The oil and gas configured helicopters will support OHS’s offshore operations in the North Sea.

“We are pleased to continue building our relationship with OHS, having worked closely together for many years,” said, Pat Sheedy, the CEO of Milestone Aviation. “It gives us great satisfaction to be able to support them and their new parent company, Ultimate Aviation, as they expand their offshore fleet, and we congratulate them on their new partnership.”

Paul Kelsall, Managing Director of OHS, commented, "As part of our fleet strategy to meet increased demand from customers and improve airframe utilization, we have chosen to phase out first generation S92s and replace them with younger S92s. This significant deal strengthens our relationship with Milestone Aviation, a key supplier, and underlines our commitment to providing clients with the very best equipment and service level.”

Shaun Roseveare, Chief Executive Officer of Ultimate Aviation, added, “Operational excellence is absolutely vital in the North Sea, and this investment in new aircraft is key to ensuring OHS is a market leader for years to come. Our active support for this transaction is a sign of our confidence in the vision to grow the capabilities of our offering there.”

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 OHS

OHS provides safe and reliable offshore helicopter transportation and emergency response services to the energy sector in the North Sea.

About Ultimate Aviation

Ultimate Aviation is a prominent aviation industry player headquartered in Johannesburg, South Africa, offering charter, maintenance and support services to clients across the African sub-continent and across the globe.

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