Milestone Signs Agreements with NHV for 4 H175 and a AW169

Milestone Signs Agreements with NHV for 4 H175 and a AW169

5-Jun-2024 Source: Milestone Aviation

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

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.”

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