Milestone to Lease Two Leonardo AW169 Helicopters to New Customer Northern Rescue Helicopters Limited

DUBLIN – May 13, 2024 – The Milestone Aviation Group Limited (“Milestone”), the global leader in helicopter leasing, today announced that it has signed lease agreements with Northern Rescue Helicopter Limited (“Northern Rescue”) for two Leonardo AW169 helicopters which are scheduled to deliver in the coming months.

Seven people standing in front of a red and yellow helicopter

The helicopters will operate missions from Northern Rescue’s bases in northern New Zealand, including the greater Auckland and Northland regions. Both helicopters are fitted with state-of-the-art medical equipment in large, easy-to-reconfigure cabins, allowing clinical teams to deliver lifesaving care to patients.

Sébastien Moulin, Chief Commercial Officer, Milestone, said, “We are delighted to welcome Northern Rescue as a new customer to Milestone and place our first aircraft in New Zealand. The AW169 is well suited to support Northern Rescue’s fleet renewal program as it is configured to place patient needs at the heart of its design. We thank Ian MacPherson and the Northern Rescue team for the confidence they have placed in Milestone, and we look forward to working together as these aircraft deliver.”

Ian MacPherson, Chief Executive Officer, Northern Rescue, said “Leasing the two aircraft from Milestone marks a significant step towards updating and standardizing the fleet of EMS/SAR aircraft across Auckland and Northland, ensuring that our communities continue to receive the highest level of care and service possible. We are grateful that Milestone has identified the opportunity to enhance the New Zealand EMS sector, and we look forward to working closely with them into 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 Northern Rescue Helicopters Limited  

Northern Rescue is a joint venture between the Auckland Rescue Helicopter Trust and the Northland Emergency Services Trust and is the contracted provider to Health New Zealand | Te Whatu Ora and ACC for emergency air ambulance helicopter services in the northern region of Aotearoa New Zealand. Northern Rescue provides clinical services and emergency air ambulance transport to the 1.85 million people living in an area stretching from the Coromandel Peninsula to Cape Reinga in the Far North.

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