Milestone Announces Sale of Sikorsky S-92 Helicopter to Brunei Shell Petroleum

Dublin – Wednesday, May 17, 2023 – The Milestone Aviation Group Limited (“Milestone”), the global leader in helicopter leasing, today announced it has sold a Sikorsky S-92 helicopter to Brunei Shell Petroleum Company Sendirian Berhad.

Helicopter approaching an off-shore oil rig

The S-92 is configured for passenger transport and is intended for offshore oil and gas missions in Brunei, Borneo.

“We are very pleased to work with Brunei Shell Petroleum on this sale transaction. The S-92 is the workhorse of the offshore oil and gas industry and will continue to be for many years thanks to its advanced capabilities and proven reliability,” said Michael York, the Head of Emerging Markets, Milestone Aviation. “The sale of this aircraft is also testament to the strong liquidity in the helicopter market. We are grateful to BSP for the trust that they have placed in Milestone, and we thank them for their business.”

John Cameron, the Head of Aviation, Brunei Shell Petroleum said, “The purchase of the additional S92 and optimization of our Aviation Fleet allows the BSP Aviation department to continue providing safe and efficient air transport services.  The S92 has been a cornerstone of our air transport services since 2007 and we look forward to continued operations with the aircraft for several years.”

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 Brunei Shell Petroleum

BSP is an upstream business and its core activities include the production of oil and gas from onshore and offshore fields for domestic use, and export to international markets. Today, BSP is the largest oil and gas company in Brunei Darussalam.

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