Milestone Signs Lease Agreements with CITIC Offshore Helicopter for Three Heavy Helicopters

ANAHEIM, CA – February 27, 2024 – The Milestone Aviation Group Limited (“Milestone”), the global leader in helicopter leasing, today announced that it has signed lease agreements for three heavy helicopters with CITIC Offshore Helicopter Company Limited (“COHC”).

The agreements include the placement of two Sikorsky S-92 helicopters and one Airbus H225 helicopter, all of which are configured for offshore passenger transport and will be deployed on critical offshore oil and gas missions from COHC’s Shenzhen base. The first aircraft, an S-92, has already been delivered with the remaining aircraft scheduled to deliver in the coming months.

Milestone’s relationship with COHC began in 2014. The addition of these three aircraft brings COHC’s total helicopter fleet on lease from Milestone to six.

Pat Sheedy, the CEO of Milestone Aviation, said, “The signing of these lease agreements is a testament to the strength of our relationship with COHC, which is now a decade in the making. COHC is China’s largest offshore operator, and Milestone is proud to continue to support their fleet requirements. We thank Mr. Zengjun Yan and the COHC team for the trust they have placed in us.”

Zengjun Yan, General Manager, COHC, said, “We are delighted to be entering our tenth year of partnership with Milestone, and we greatly appreciate the continued support and expertise of the team. We look forward to working together with Milestone in the future.”

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 approximately 50 customers in approximately 35 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 CITIC Offshore Helicopter Company Limited

Dongfang and Tianjin, and eight main operation bases located in Beijing, Qingdao, Lianyungang, Wenzhou, Fuzhou, Sanya, Yunnan and Heilongjiang. Its helicopter airports and bases form a network covering all provinces, cities and autonomous regions (excluding Tibet), maritime areas such as the South China Sea, the East China Sea, the Bohai Sea, the Yangtze River Delta and the Pearl River Delta, and overseas regions such as the North and South Poles and Myanmar.

COHC has the largest civil helicopter fleet in Asia and currently operates 83 helicopters comprising 15 types of the most advanced helicopter models in the world. COHC's offshore oil helicopter service has a leading position in the industry in terms of market share. It is the only general aviation company with a domestic port helicopter pilotage service, the only service provider of helicopters for China's national arctic scientific expeditions, the first service provider of offshore wind power helicopter operation and maintenance, and the sole helicopter medical services provider for the Beijing 2022 Winter Olympic Games and Paralympic Winter Games. COHC is also the only general aviation company that engages in offshore oil flights overseas. COHC also operates Airbus Helicopters, an authorised helicopter repair centre in China.

Forward-Looking Statements

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