Milestone Signs Purchase Assignment and Leaseback Agreements with NHV for Four Airbus H175 Helicopters and One Leonardo AW169 Helicopter

DUBLIN – June 4, 2024 – The Milestone Aviation Group Limited (“Milestone”), the global leader in helicopter leasing, today announced that it has signed purchase assignment and leaseback agreements for five helicopters with leading helicopter service provider NHV Group (“NHV”).

Yellow helicopter on paved ground

The deal includes four Airbus H175 helicopters, one of which has already delivered and is currently supporting offshore oil and gas operations in Denmark, with the remaining three new units scheduled for delivery in 2025 and 2026. In addition, a new Leonardo AW169 helicopter is expected to deliver in the coming weeks and will be deployed for offshore oil and gas missions in Côte d'Ivoire

“We are delighted to expand our relationship with NHV, supporting their ongoing fleet requirements,” said, Pat Sheedy, Chief Executive Officer, Milestone. “The offshore market has already begun the transition to new technology aircraft with the introduction of Super Medium helicopters in most oil and gas regions around the world. However, given the fragile balance between supply and demand, maintaining discipline will be key to achieving a sustainable market environment for all participants. Milestone has continued to invest in the most modern fuel-efficient technology and boasts the largest fleet of Heavy and Super Medium aircraft, meaning we are ideally positioned to support our customers’ strategic fleet decisions through the financing of new and used aircraft."

Thomas Hütsch, CEO of NHV Group, said: “NHV is looking forward to receiving the new H175 units in the coming years to support our expanding portfolio of offshore operations in the North Sea, as well as the second AW169, which is part of NHV’s fleet renewal strategy to provide a modern fleet in support of offshore contracts in Côte d'Ivoire.”

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 NHV

NHV Group specialises in business-to-business helicopter services. The Group conducts operations from several bases across Europe and West Africa and they have a team of 450+ employees. NHV’s operational focus is on the energy-producing industry, including the Renewables Sector. Their scope of work also includes Maritime Services and Harbour Pilot Services, and Maintenance, and Repair and Overhaul (MRO) solutions. In addition to helicopter operations, NHV has set up an in-house Training Academy, which offers ATO pilot training and HHOP training, and delivers EASA and CAA certified Part 147 training. The Group has a multipurpose high-value fleet of over 35 helicopters. NHV’s majority shareholder is Ardian, the world-leading private investment house with assets of US$150bn managed or advised across Europe, the Americas, Asia, and the Middle East.

Forward-Looking Statements

This press release contains certain statements, estimates and forecasts with respect to future performance and events. These statements, estimates and forecasts are “forward-looking statements”. In some cases, forward-looking statements can be identified by the use of forward-looking terminology such as “may,” “might,” “should,” “expect,” “plan,” “intend,” “will,” “aim,” “estimate,” “anticipate,” “believe,” “predict,” “potential” or “continue” or the negatives thereof or variations thereon or similar terminology. All statements other than statements of historical fact included in this press release are forward-looking statements and are based on various underlying assumptions and expectations and are subject to known and unknown risks, uncertainties and assumptions, and may include projections of our future financial performance based on our growth strategies and anticipated trends in our business. These statements are only predictions based on our current expectations and projections about future events. There are important factors, including the impacts of, and associated responses to: the Ukraine Conflict, the Covid-19 pandemic, that could cause our actual results, level of activity, performance or achievements to differ materially from the results, level of activity, performance or achievements expressed or implied in the forward-looking statements. As a result, we cannot assure you that the forward-looking statements included in this press release will prove to be accurate or correct. In light of these risks, uncertainties and assumptions, the future performance or events described in the forward-looking statements in this press release might not occur. Accordingly, you should not rely upon forward-looking statements as a prediction of actual results and we do not assume any responsibility for the accuracy or completeness of any of these forward-looking statements. Except as required by applicable law, we do not undertake any obligation to, and will not, update any forward-looking statements, whether as a result of new information, future events or otherwise.

For more information regarding AerCap and to be added to our email distribution list, please visit